COLPAL has been continuously falling from quite some time. It is close to the support levels of 50 percent Fibonacci levels from where the run up started. The 50% levels comes around 2665 which would be a support in this fall. Currently it is placed at a position where it may bounce from those levels for short term with atleast 9-10 pct move. Levels of...
Adani Wilmar has been in down trend since long and since then it is moving in a channel. In addition, based on Fibonacci levels it is crossing the first resistance level at 23.6% and will change it trend if it sustains above the levels of 414. The fourth attempt in breaking the resistance level. If we get good volume then expecting 2-3 Target levels on the...
Dredging Corp nearing support levels which has been only moving in the down trend since few weeks. Can see the support levels of around 935 which is around 35% of the fall from high. Another support from the downward channel is around the levels of 40% of around 890 . Expecting it to shoot up a bit after it reaches the support levels. This does not confirm the...
TV Today Network is a slow runner and currently from the chart pattern it seems to be crossing the resistance line indicated in blue pt1 and showing signs of forming a triangle pattern so as to move on the up. Next big resistance is indicated by the red line and it will reach only if the current move is sustained and supported by huge volumes. Levels of...
Vindhya Telelinks has been in consolidation from quite some time and currently showing signs of breaking out after it has crossed the levels of 2804 which was crossed in the 2nd attempt as seen from the trendline. Looking for it to reach the levels of 3260-3620- 3840 and eventually at the Fibonacci levels above 100% at the levels of 4310 With market also...
Prataap Snacks had broken the resistance levels of 945 and went on to move till the levels of 1450. On the Fibonacci levels it went from 38.2 to 100%. Post which the stock had retraced a lot and again supported at the lower level of the channel. In recent term it has bounced from those level up and again showing signs that some good move position or negative is...
Globus spirits has been in some down trend after it broke the support last September. It is back at those levels and expecting it to touch the Green resistance line which earlier was the support for the chart. Expecting levels of that resistance at 992 where it might resist and if it crosses the Blue line resistance and moves Up then the Green line Resistance...
Sreelearhers has shown some good move in past and from quite some time it has been in the retracement and then the accumulation phase. If those initial levels of resistance are broken decisively then it can give some good move. I see the levels of 338-364-396 and eventually close to 490 levels if supported by good volume. It is one of the next Fibonacci levels....
Asian paints has been in consolidation phase from a long time over a long time frame. Currently it is showing some indication of breaking out of the resistance levels. Green line in the chart a midterm resistance. Once crosses and sustains it can give good move in near term. I see it touching the move higher level resistance marked in purple line at top around...
APAR was analysed for an upmove around 600 levels and have given multifold returns being in the blue sky zone. Currently have touched the resistance levels at the top and indicating that it would move south from those levels. Levels I am seeing for supports are at 8102-7656 and eventually major supports around 6.5k in near term with the upper limit as the all...
HISAR metal IND has been in consolidation phase from quite some time and was awaiting a move. Expecting upmove in short term. It was the time correction it was showing while on the upward trend. Currently showing indications to cross the resistance level of 208-217 Next levels I see are 264-322 and more if supported by good volumes. Support is around 191 and...
Clean Science has been on the down trend for quite some time and later went to the accumulation phase. Showed a break down when it crossed the blue line on the chart. Attempts were made to cross it on the up and clearly it's the 3rd attempt to cross it. If it crosses the levels of 1428 decisively then it can show good levels in the coming weeks to months. Based...
Tarsons has been in the down trend since a long time and in the downward channel. It showed signs of up move earlier but didn't sustain and on the downward continuation it has formed a pattern such that it has crossed the upper channel line after the retracement. So it's possibly on the verge of starting it's move north. Overall market conditions to keep in mind...
Alicon Castalloy has been moving in an upward channel where it has touched the upper channel couple of time. This is the third time it is trying to break the channel on the up. It can also act as a resistance so need to wait to break decisively. Expecting some good move with next levels of resistance at 1383-1518 and more if market supports. If breakout then the...
Avanti Feed has been forming the triangle pattern and gave the breakout move in Jan 24 after crossing the levels of 470. Since then it has been in the consolidation phase after its retracement and shows good signs of up move. With the current momentum I am expecting it close to double. My levels to watch are 668-748-833 and can give even more based on market...
Medicamen Biotech has been in down trend for a long period of time and in recent past it has touched the resistance levels for the third time and with short retracement it is showing indications that it can show some good move north. Volumes are decent in recent past and its increase in volume can help it go to higher levels. Expecting some move with the levels...
Kanchi Karpooram has been in the down trend for quite some time and post which it went in the Accumulation phase for almost more than an year now. Recent move shows it might break on the up to give some good positive numbers. Recently it has been attracted by huge volume and it seems it is moving out of the Accumulation zone so need to watch it for the breakout...
KPIT Tech has been showing signs of bounching back up after some down moves and has formed an upward triangle pattern showing less signs of the fall. It seems that with the current strengh it can break the resistance levels of 1530. If the breakout is supported by Good volumes then it can give us the levels of 1562-1593-1635-1671-1763 with the base levels of...