sabyasachi_nath

sabyasachi_nath

The last descending angle from the ATH is proving to be a strong barrier for the scrip. It has bounced and came back below this line at least four times. Now the angle has descended enough to 140, which if crossed and the stock remains bullish, we may see a level of at least 190 in intermediate term.

sabyasachi_nath

May return from the CMP or may come down to 131 to turn for up move.

sabyasachi_nath

Likely to cross over 168 in 10 days

sabyasachi_nath

Friday's candle pattern shows an indecisiveness. The stock will find a support at 257 in case of a berish move and will encounter resistance at 307 if it turns bullish.

sabyasachi_nath

After almost vertical fall the stock has been able to close above 405, which is the last support. Intermediate term target can be kept at 550, if the stock now turn bullish.

sabyasachi_nath

The last support is at 266, it is hoped that the same will hold.

sabyasachi_nath

The stock is on support at 99.40 and may make a U turn from here

sabyasachi_nath

Broke the last of the resistance at 145.30, yesterday it attempted to cross the barrier, remained a tad low and today with the down move has gone away from the resistance. Immediate bullishness may take it above 145.30, if it fails to do so, it will find the low at a paltry 85.45

sabyasachi_nath

Even with a good spurt on Friday, the stock is still well below the last resistance angle. Once it closes above 348 and remains bullish, good move will be seen.

sabyasachi_nath

If it is able to sustain for a couple of days above the resistance line, I expect the stock to climb to 190 in near/ intermediate term

sabyasachi_nath

There is an immediate resistance at 1048 which is a very strong resistance line. One hopes that in the current bullish sentiment prevailing witth the stock it is able to close above 1050 and remains bullish for a couple of days.

sabyasachi_nath

With a resistance around 400-425 (depending on the time of entry) one can expect a target of 490 before any serious resistance is encountered by the scrip.

sabyasachi_nath

Hope Tidewater crosses 4745 to go above the strongest support which it broke only recently. Once it does so, we may see some fireworks in short/ medium term

sabyasachi_nath Updated 

Has a good support at 1270. Things should get better over time from here on.

sabyasachi_nath

In its prolonged downtrend Maruti may find a support at 5660.

sabyasachi_nath

Should close above 3508 today, support at 3031 and intermediate term target is 4188

sabyasachi_nath

As of now the stock is in an interesting position today. In case of down trend the stock may find an intermediate support at 2550 which if is not held, then the next support will be at 2440. But if it manages to close above 2690 today and remains bullish fora couple of days, then it will be out of all bearish shadow, once it goes above 3500. If consolidation...

sabyasachi_nath Updated 

In down trend Interglobe has a support at 1260. Immediate resistance is at around 1400