IGARASHI..which i have been tracking for a while.. has formed a bullish divergence on daily charts.. looks like auto pack is joining the nifty rally.. buy on dips..
its HDFC big boys time to fire up.. time to test 2015 2020 zone again.. after multiple times it faile to cross it.. made a higher low and ready to break an important resistance.. 1900 to 1930 is a solid support range with all four daily moving avg in the 30 point zone. buy at cmp add on dips to 1900 1930 zone..
SRF likely formed a short term double top near the previous all time high..look to sell on any rebound to 2450 cash price with stop at 2475
VGUARD has formed an inverted head and shoulder..break above with volume will give a good move up..
HEG is forming a base around 2000 in the short term and tested it again and bounced with volumes today...highly oversold on weekly charts with market bullish can this give a rebound?
Divislab is in a range for sometime.. break below or above the range will give a good move.. although on daily it looks corrective
Reliance in the short term forming an Head and shoulders pattern..see chart for info
HDFCbank is at the upper end of short term channel..might take a breather or correct timewise till the avgs catch up...
Nifty couldnt cross the previous short term high and corrected. might test 11340. better to wait to trade below 11340 or above 11570 zone
Dabur looks weak and is currently closed right on the 200 dma and also just below 100 dma..it is an important support area.. since it is also the weekly 20 moving avg.. the stock looks weak on daily chart.. it can bounce to 432 odd levels where is there is resistance of 20 and 50 dma. all 4 daily moving avergaes are in the range of 420 to 434 zone..any breakout...
CCL products weekly charts looks like it is going to start an uptrend. with nifty being strong, this can be an out performer
SBI likely to test 325 on weekly chart basis.. buy on dips..
Pidilite has broken out of Inverted HS..looks very bullish dips to 1190 1200 can be good bets to go long..looks ikehigher targets are coming..
Bata finally is showing signs of real weakness.. it has closed just below the 20 dma.. can have a small rebound in the very short term. but looks bearish to test 1280
BANK NIFTY on daily charts is at the trendline connecting the two previous tops.. if it breaks it then go to take support at the previous high
Nifty on the weekly formed a evening star type candle which can be confirmed depending this week close. on daily chart gapped down and failed to close the gap immediately the gap will remain a resistance zone (11400 11435) it would be interesting to see when the gap is tested and how it reacts after it tests the gap.
HDFC is at critical resistance a close above 2015 zones can mkae it bullish.. please refer to chart for info..
Divis lab looks like it has made a short term triple top on 1 Hr chart.. Short will SL at 1726 target 1641 Note: thsis is my personal view only..