Jubilant Food Jubilant Food has been on a dream run from the day it listed and today it made a life time high@807 and moving into uncharted territory.Stock has been respecting its trend lines resisting at top end and taking support at lower end. As per the above daily chart a pullback should be… Read More »
Nifty Hourly Chart On Hourly chart Nifty took support at the down trending trendline as shown in chart. 5450 levels proved to be a good support and a bounce back materialized from that levels ending the loss making streak of Nifty from past 9 sessions. Nifty closed the week with a loss of 3.4% shaving… Read More »
Jet Airways Our Site Reader Vimal asked me on TA for Jet Airways So discussing the same below On Daily Charts Jet Airways looks to breach its downward trend line and in the process broke its 50 DMA@458. If Jet breaks todays low @436 stock can move below 400 odd levels. MACD has generated… Read More »
Sintex Industries Sintex is trading with rising tops on daily chart and trading firmly above 200 DMA which is adding bullishness to stocks for extreme short term. RSI rising is positive for the stocks. Stochastic in Buy Zone. As shown in chart stock is in multiple resistance zone of group of trend lines and a… Read More »
Nifty Hourly Chart RBI does it again for which market was not prepared for.Raising the the REPO and Reverse REPO by 50 BPS and markets tanked heavily. Market did not discounted the news and Nifty tanked. If we look at hourly charts on Nifty following observation can be noted down: 1. We are approaching a… Read More »
RBI will meet today on deciding the Interest rate Hike to ease of untaming inflation. From a fundamental perspective the tighter the Interest rate more it will affect the Growth cycle as Industries need to pay more Interest on loan hence affecting their profitably. RBI has a tough task to do taming inflation and not… Read More »
Nifty Hourly Charts Nifty Hourly charts are in sell mode from 5870 as shown in charts having combo of 5EMA and 20 SMA. On Higher side trendline resistance is coming from 5900+ levels and lower end downside is open till 5630 levels as of now. Remember:Market always move in direction of least resistance. Hourly charts… Read More »