Technicals:Educomp,SBI and JP Associate

One should see the market for what it is and not what one wants to see it.

Educomp Solution

Educomp has been in news for all bad reasons. IT raid has been a black spot on the sanctity of promoters. As I keep on saying Charts discount everything as its the Statistical representation of Human Emotion.

Looking at Educomp Chart its a falling Knife after a Fall there is consolidation than resumption of fall. As of Now Educomp is again consolidating and will soon resume its fall if it breaks the swing low of 192

Sell below 195 Tgt 192,188 and 184

Buy above 202.6 Tgt 204 and 208

State Bank of India

SBIN was supporting the market today, Above the Short term Chart of SBI and stock is trading in a parallel channel.

2016 is the Line of Resistance for SBI for any upmove to commence in short term.

Sell below 1994 TGt  1973,1962,1940 and 1920

Buy above 2027 Tgt2048,2081

 

Jai Prakash Associate

JP Associate showed its much awaited rally moving up by 4%.I have shown Long term chart of JP .

66 is the Most crucial Level for the Stock in the short term. Break of 66 will lead to continuation of upmove else it will get truncated and JP will resume its Downtrend again. MY much awaited level of Rs 49 should come in next leg of Fall.

Sell between 65-66 Tgt 63.3,61.8 and 59