padiyara

padiyara Updated 

Indo Count Industries Ltd:117.35 is currently at trend line support , with highly over sold state,Res:160 stop:107 Assuming that it may be in a C leg correction doesn’t seems to be completed yet,( below 107 it can come down to 96 level) as its 62% retracement level is 96.6 can be a good support. Good textile stock to have in ones portfolio for long term.

padiyara

Fortis' Healthcare:141 is the crucial price level, below that is can meet 116 or more down. A hammer candle in daily close may bring some pull back towards 160 seems to be a safe exit.

padiyara Updated 

A hypothetical wave count, assuming Revathi' is correcting in wave 2. Wave 2 is normally a zigzag , can come down to 99% of wave 1. A long term trend line supporting around 630 will give a good support. Revathi' is having a good fundamental records, but this small cap is having low equity base & no investors/traders participation for quiet long time now. But...

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SPAL :400 at support indicators are still bearish. Sustain above 400 will see 440

padiyara Updated 

Vardhman Textiles:1173 is at a long term support, a fundamentally strong scrip highly under valued at this level. Res:1260 &1400 (open to sky) actually worth a ₹5000. Support:1139.

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Banknifty' is also forming an impulsive pattern in correction, expecting more down side move,and only a trade sustain above 24150 can hope for an up side this week. Remember we are in a major Bull market and this is only a correction, expecting a 38.2 % ie:22400 in BN and 9300 in Nifty' let us see what market says. Above 24150 toady’s Resistance 24174_24197 &...

padiyara Updated 

The entire bull phase from the bottom of 7894 Nifty' gained 2244 points without even making any major correction. This fall I am expecting a minimum 38.2 % retracement which approx.: 9300. Before that, at 9600 area will have yet another strong support. I n the mean while, expect a short term oversold bounces. The following are the support / resistance levels for...

padiyara Updated 

Watch these stocks for the week eClerx Services Ltd:1348 in a falling wedge. On break above the trend line Res:is 1540 stop:1300 Argo Tech:497 Res:520 &570 Stop:480 Gujarat State Petronet Ltd:160.65Res:181 _200 stop:163

padiyara

COALINDIA: 237 is at highly over sold state and at strong support level now; Res:270 Stop: 230

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GODFRYPHLP:910 is trading near a triple bottom support will have resistance around1070 & 1315 Stop 830. It may make a base around 830 level. 800 will be strong support. This is a fundamentally strong company, good to have in ones portfolio for long term.

padiyara Updated 

MPS Ltd : ₹ 597.60 (Printing & Stationery) is currently at 50 % retracement level and at support now. having an initial resistance at 700 area, on break from the res it can see higher levels. The Company provides publishing solutions, including content creation, production, transformation and technology services, such as computer programming and related...

padiyara Updated 

Stock watch for the week Hindustan Petroleum Corporation Ltd:389.00 ( BREAK OUT) Res:421 Stop:380 Aurobindo Pharma Ltd:746( I have other pharma stocks recommended right from the bottom :D) Res:830 Stop:730 Punjab National Bank: (Already posted on breakout from TL) This is actually based on the volatility and I have posted it earlier too, But didn't show any...

padiyara

The entire bull phase from the bottom of 17607 BankNifty' gained 7593 points without even making any major correction. This fall I am expecting a minimum 38.2 % retracement which approx.: 22300. Before that, at 23400 area will have yet another strong support. I n the mean while, expect a short term oversold bounces. The following are the support / resistance...

padiyara Updated 

Watch Erosmedia' 221, on break above 240 , it can make 254 & 300 while a turn down from resistance can bring it down to 180 again. This is a volume based finding and it seems to be like accumulation phase. To see the Security-wise Price Volume & deliverable position Data, open NSEINDIA web site. Go to NSE >> Product>>Equities>> Historical Data>>Security-wise...

padiyara Updated 

Triveni Engineering & Industries Ltd: ₹73.05 is turning up from a double bottom support, the stock is in a highly oversold region and having a breakout from the trading range. Next resistance ₹85, STOP: ₹70 Triveni is a sugar' stock but the fundamentals are not like that, it is having a huge debt burden. The current performance is somewhat in an acceptable...

padiyara Updated 

Nifty' is having a Bullish move from the bottom 7894 with out any major correction ,don't have any clarity is wave structure, but the personality and position of wave says we are in wave three. All along this move we met with many resistances and attached many price square' etc in our study about GANN square' and presently we are again at a psychological price...

padiyara

Above 23960 toady’s Resistance 24000_24040 & 24101 Below 23914 today’s Supports are 23876_ 23840 & 23775 Weekly above 24000 BN Resistance will be 24110_24214_ 24290 & 24320 Weekly below 23870 BN Supports will be 23800_23660_23586 & 23555 Monthly above 22340 BN Resistances will be 23550_23760_24100 Monthly below 23080 BN Supports 23000 _22870 & 22760

padiyara Updated 

Not only for Nifty', or Bank Nifty', for all the markets. As many of my friends and viewers raise their eyebrows and doubting the bullishness… I can confidently tell you that we are in a strong bull market as on now, by technically, fundamentally, politically & economically. For those who want a detailed note, please wait for the week end, I can give an elaborate...