Tata Motors Tata Motors is approaching its downward falling trendline and Fibo channel signalling upside is limited. Buy above 313.5 Tgt 316.5,319 and 321 SL 312 Sell below 309 Tgt 306,304 and 301 SL 313 IDFC IDFC is taking support at its long term trendline and formed an inside day pattern. Buy above… Read More »
HDIL HDIL declined after posting bad set of numbers, Stock is approaching its falling trendline support of and demand zone of 43-44 range.Resistance on upside comes at 47 odd levels. RSI is showing positive divergence. Buy above 45.5 TGt 46.5,47.7 and 49 SL 44.6 Sell below 43 Tgt 41.8,39.6 and 38 SL 44 ITC… Read More »
SBI SBI continued with downtrend after disastrous Q4 result, Stock has closed below its 200 DMA and is taking support at Fibo channel as shown in Chart. Unable to hold 2100 and closing below 2070 will add pressure on downside and levels of 1880 odd levels can be seen in extreme short term. Buy above… Read More »
ICICI BANK Icici Bank is approaching the higher end of trading range at 1238. Stock has been consolidating 1160 to 1230 in past few days. Break above 1240 can see an upmove till 1280 odd levels. Buy above 1240 Tgt 1248, 1258 and 1270 SL 1232 Sell below 1228 Tgt 1221,1211 and 1203 SL 1234… Read More »
Reliance Reliance formed a bullish engulfing pattern yesterday closing well above its 200 DMA, Now stock faces resistance at its 100 DMA 834 above which it will reach the top end of channel at 850. Buy above 835 Tgt 840, 851 and 855 SL 828 Sell below 819 Tgt 810,801 and 784 SL 822 … Read More »
HDFC HDFC is forming an ascending triangle with breakout coming above 917, Positional traders can take long above 917 for target of 950 in 1 month time frame. Intraday Traders can use the levels below to trade . Buy above 911 Tgt 914, 917 and 921 SL 906 Sell below 903 Tgt 900,894 and 889 … Read More »
Bharti Airtel Bharti has formed a double bottom and double top and tranding firmly in its trading range of 302-332. Till stock keep trading in the range, Positional traders need to play for 30 points Buy at lower end and sell at higher end. Buy above 313 Tgt 315.2, 317 and 319.5 SL 312 Sell… Read More »
State Bank of India is scheduled to declare its earnings for the quarter ended March 2013 on Thursday tomorrow during market hours around 1 PM. SBI being an index heavyweight will also decide the trend of Nifty. Its a great day to make money if you are on right side of trade. We have covered… Read More »
For the reference of readers the performance sheet for the Month of May Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.AM happy to share we are in profit of Rs 1.19 lakhs. Hope readers following analysis are also minting money :). Larsen and Tubro LT will be coming out with its results today around… Read More »
Bajaj Auto Bajaj Auto has given a triangle breakout and Bulls are trying hard to close stock over 1870 which is 200 DMA. Close above 1870 will change the long term trend of stock and will head towards target of 1930 in short term. Buy above 1870 Tgt 1887,1900 and 1911 SL 1863 Sell below… Read More »