BNF CMP 50933 The current zone has a confluence and hence the halt and a small dip. Above 52560 the major resistance will come at 64500. Thats 24% from here , hence we will witness a huge rally in banking stocks above 52560.
Nifty CMP 24,823 The first confluence was at 22500 where the Index consolidated for a few months. R1 - 25070 the current zone is where the Index has halted a bit, R2 is 25900 and R3 is 26750. The R3 has something more to it, it is a confluence zone. Hence this is the major resistance for the Index.
Fibs- The Fib resistance is at 24650. So any further correction will come below this zone. We are fine as long as we are above it. Trendline- The recent dip bounced back from the channel support. Hence to me this is strength. Cycle- on the bottom is a cycle study. The next cycle is around the mid Oct. Here two cycles are merging together hence it will imp to...
Dixon CMP 13300 As the stock moves into a new terrain ...here are the probable tgts.
IRCTC CMP 935 Investors The stock has given a brief correction from its previous highs. This dip is an opportunity. That support at 910 is a very strong one and in my view the stock will take a U turn from here. Breakout will happen after 4 years and hence to me it will be pretty significant.
RBL Bank CMP 225 This stock has remained sideways for the past several months. I think the wait is finally over. This stock should now pick up very strongly from here.
BOB CMP 254 this stock is very strong. Trendline acts as a timing tool. In my view this stock should again shoot from here. I think it is still a very good buy.
The stock has reached a short term bump. Though it is in a very strong bull trend. I will say use the correction to buy.
Hindzinc CMP 530 - Investors The floor price for OFS for retail is 486 . The Fib confluence on the left shows two confluence one at 510 and the other at 480. Either u can apply for the OFS or buy around the 510 levels. I think its a very good opportunity to buy a stock at a heavy discount.
MCX Silver CMP 81624 I had posted silver in US dollars previously. This is MCX silver which has already given a breakout and is retesting the breakout zone. An ideal place to buy it.
Nifty n BNF both have rebounded from their strong support zones. the rumour surrounding the SEBI chief may have some initial impact in the first two hrs and will be a perfect time to enter.
Berger Paints CMP 531.65 Investors I had pointed around the 440 zone that this correction is done. After that sharp rally this small dip is again offering u an opportunity.
Escorts CMP 3687 Elliott- thats a zig zag corrective pattern and is complete in my view. Oscillators- a positive close on Monday will confirm the positive divergence on the RSI and composite. The extreme indicator is also at support. Trendline and MA support at the zone is further cementing the zone. In my view its a very good buy for trading and investing.
NMDC CMP 222 that 220 zone is a strong strong support. We have a trendline support too on the weekly charts at the same zone. RSI is above the bull zone at this support. Composite on ur right is not ready to make new lows with price. Yet another positive indicator. Buy this counter post results. Its at a very good zone.
DCM CMP 1150 the stock should breakout anytime now. T1 1400
Still down 6% but it has taken an imp support. it has taken support at the trendline and fib confluence. One asset class has reversed and is a very positive sign for the rest.
LIC HSG Fin CMP 774-View Trendlines a beauty!! Aren't they?? its a breakout on the diagonal now. the stock may consolidate here for some time as the RSI is a bit overbought on monthly and weekly charts. Looks super strong to me.
Tata Steel CMP 164 This is a shorter time frame chart. See how technically the stock is all set to sizzle. The outcome of the result is immaterial ,it is all factored in.