sumitb2015

sumitb2015

NIIT despite giving good results this quarter fell and is taking support at 200 Day Moving average. Historically it has taken support at 200 Day moving average several times and moved up. Buy at the current levels.

sumitb2015

HUL is on the lerm term support line which it has respected since 2013. The trend line is ascending and after the recent correction it makes sense to get into the stock for upward levels.

sumitb2015 Updated 

Hero broke below the upward moving channel and can move down to test lower levels. Go Short for a target of 4.5%

sumitb2015 Updated 

Heromoto is testing the resistance at 38.2% retracement levels. Also it has broken the upward channel Go short at the current levels for a target of 3395 which was the recent low. Target = 3395 SL = 3526

sumitb2015 Updated 

Bajaj Finance is reversing from the resistance at the 50% retracement levels. Also it is moving within a downward channel and is reversing from the upward end of the channel. Logic is to go short for a target at the lower end of the channel. Target - 950 SL - 1100

sumitb2015 Updated 

BHEL has taken support at 38.2% retracement levels it seems. Also the price is at the bottom of the Upward channel which is a strong confirmation that the price is at an important juncture, BHEL can now move higher if it respects the upward channel and rebound from these levels. Go LONG at the current level 135 Target 160 SL 126

sumitb2015

Lupin should be moving downwards towards the lower end of the channel towards target of 1425

sumitb2015

Suzlon is at an important long term support level of 14.5. Can go long at these levels as the next strong support is at 13 level.

sumitb2015

SBI is entering a congestion zone and a strong resistance at 265 levels. It is also taking a support at the 23.6% retracement. But it may break and go below this to test the 38.2% retracement levels which is at 225. Go short now. Or can wait till 243 levels to get confirmation that the price is going below the 23.6% retracement levels. Target = 225 SL = 270...

sumitb2015

Nifty may test the 26.6% retracement levels. Go short at 8637-8640 levels for a rebound back to 8550 atleast. This is a short term strategy.