sabyasachi_nath

sabyasachi_nath

Consolidation on the last leg of resistance line (red line) seems to have been completed today, being third time lucky. In the process it closed today above above 1/1 strongest resistance angle at 637. A couple of days of bullishness and staying above this support line will pave way for a good run up. No target at this juncture.

sabyasachi_nath

Support is at 660 which is likely to hold and may move up after some consolidation gaining strength around the support

sabyasachi_nath

Watch out for the week. May be it will rebound because there is a support around 1012

sabyasachi_nath

Has given a triangular breakout. July target 5500.

sabyasachi_nath

Presently holding support at 270 which is likely to be held. If the stock can cross 330 by mid October KIOCL will be out of bearish shadow and may then break out. Break out however may come earlier also.

sabyasachi_nath

May get stopped at 9.95, being the boundary of rising edge. In case of breach, target will be 10.70.

sabyasachi_nath

EKC unlikely to breach 98.50 if it is able to stay above it today. Intermediate term target will be 150 if it remains above 98.50 for a couple of days.

sabyasachi_nath

While on its way to falling wedge formation the support line has been encountered. We will see today if this is the end of downward trend. If it is so, 156 will be held.

sabyasachi_nath

In my opinion ITC is not going anywhere i.e., beyond 245 for a while and may be up to March 2022. And then some fireworks is likely to be seen. Deep correction will be limited to 190 and odd.

sabyasachi_nath Updated 

There is no resistance seen from here on, Short term support is at 685 and a dynamic support line with a base of 685 as on date should act as a strong support line for some time.

sabyasachi_nath

Consolidating with upward bias. Support in short term is at 2198. Upward move may be seen in this week onward. Resistance around 2600-2650. For breaking out the said resistance zone will have to be crossed.

sabyasachi_nath

In consolidation and may revisit 309 where there is a strong support and subsequently there will be a good up move after present low level is tested.

sabyasachi_nath

Immediate resistance is at 527 progressive which is likely to be surmounted in a couple of days. Long term soundly bullish.

sabyasachi_nath

6 month target 134 and during the period the support will be at 68.

sabyasachi_nath

Likely to cross 2050 by 1st week of August or earlier and the said move may enable a break out.

sabyasachi_nath

Good strong support is at 1225 which is likely to hold under selling pressure. Should be another launching pad for the next up move.

sabyasachi_nath

But the down trend may stop either immediately or at around 240. If it turns bullish in short term, there will be resistance at around 346 immediately (which which get decreased to 337 if it takes some time).

sabyasachi_nath

The stock has entered an ultra bullish zone and we can expect an unhindered move up to 380 in a short while before a worthwhile resistance is encountered. We will revisit the chart once it crosses 382-385 on closing basis. Strong support at 235.