KS Oils KS Oils has given a bullish breakout today moving above its 50 DMA@52 with volumes and which has been eluding its for quiet a few trading sessions. KS oils now faces a resistance at 100 DMA @ 54.3 which if crossed will propel stock to its 200 DMA@62 in few trading seesions As… Read More »
HINDUSTAN ZINC HZL is technically looking very bullish as stock is closing above its 200 DMA with increase in volume.Stock is taking support at 50 DMA @1080 and taking resistance at 1107 and 1126 levels. RSI is at neutral and can move up and MACD is on verge making positive divergence.Volumes are on Rise indicating… Read More »
Nifty Daily Charts Technically, last six day’s chart of Nifty is moving under channel pattern and breakout can be either side. Nifty breached the psychological mark of 6,100 decisively on the very last day of week and managed to sustain above that, currently facing stiff resistance at 6,210-6,230 if this level breached decisively then we… Read More »
Everyone needs to save some money as pension after retirement. If there is a facility for them to get the pension from their office, they are lucky. Otherwise many people depend on provident fund or the pension plans from some companies. Last year government introduced the new pension scheme for everyone which is administered by… Read More »
Genus Power and Infrastructure Genius Power a look at daily charts with proper set up tells the whole picture and trading pattern visible in the stock charts Genius is an classic example of support becoming resistance. Stock was taking support at 50 DMA and was bouncing from the same,but as soon as 50 SMA got… Read More »
MIC Electronics MIC Electronics broke out of the one year of consolidation. Today’s volume in NSE was 3 Million shares as against last 10 days average volume of 442,000 Today’s close is above 200 DMA and the breakout is with volumes exceeding 6 times of average volume. Buy for Tgt of 43.3,46.7 and 49.4 JM… Read More »
WIPRO Wipro weekly charts is trading in arange of 374 and 440 on weekly charts.As such it has done nothing in 2010.Looking at the way infy is shooting up looks like lots of catch up needs to be done by WIPRO. For any further up move WIPRO needs to break the trading range.Looking at Volumes… Read More »
Nifty Daily Chart Nifty Daily Charts are displayed below showing the power of money dumped by FII.Its a stellar rally which Indian brouses are seeing.Valuation are moving towards bubble territory as NIfty P/E is at 25.11. FII inflow in September 2010, totaled Rs 17,499.43 crore (till 23 September 2010). FIIs had bought equities worth Rs… Read More »
Crompton Greaves Crompton is trading in a parallel channel as shown on chart. Taking support at lower trendline and taking resistance at upper trendline. Such stock become easy to trade as we can see where they will take support and where they will stall there upmove.MACD is showing positive divergence on Daily Charts. Buy above… Read More »
BF Utilities Limited BF Utility is at its 200 DMA and i belive stock will show a good bounce after going for around 2 weeks of slumber and decline in trading activity.Technically Stocks looks ripe for bounce. Indicators are in Oversold Conditions and Volume is on decline as shown in above chart. Buy around 967… Read More »