Jai Prakash Associate Traders favorite staged a nice rally from low of Rs 70 to high Rs 98 from the oversold zone.As seen from Daily charts stock is on a crucial levels now at its support of Rs 91.4 If 91.4 gets broken than stock can move till low of channel as shown in chart.… Read More »
Tata Steel Tata Steel daily has formed Hanging Man Candlestick on Daily charts. Hanging Man A bearish candlestick pattern that forms at the end of an uptrend. It is created when there is a significant sell-off near the market open, but buyers are able to push this stock back up so that it closes at… Read More »
AB Nuvo AB Nuvo has been trading in the range of 715 to 849 from past 2-3 months. AB is now hitting the upper range of its trading range on low volumes which make the case of short sell Looking at momentum indicators RSI is in overbought zone which also adds strenght to our… Read More »
BHEL BHEL is consolidating between its 50 SMA and 5 EMA.I have tried to show similarity in this pattern which was formed before also in the 2 rectangle in below chart. BHEL is consolidating and looks ripe for a sell below today’s low.Stochastic has given a SELL Gap between 2055 and 2051 also needs to… Read More »
ICICI Bank Formation of Bullish WW in ICICI Bank in this scenario of bloodshed on street.Food Inflation was up marginally and all banks were punished because of fear of rate hike. Buy above 1000 TGt 1026,1049 and 1075 Sl 943 Sell Below 943 TGt 928 and 906 IGL IGL has closed below its 200… Read More »
NMDC NMDC is forming a converging triangle with trendline support and resistances Buy should be intitated only above 275 Tgt 280 and 285 DLF Limited DLF is approaching its medium term support levels @216 if broken stock will head towards 205 odd Levels Sell Below 215 Tgt 211 and 204 Buy Above 222 Tgt 226.1,228.6… Read More »
Central Bank of India CBI is taking support at its medium term trendline as shown in charts. Weekly chart is forming Hammer and GraveStone Doji indicating downtrend is coming down Buy above 159 tgt 162.6 and 165.5 and 170 IDBI Bank The stock stalled around its 200-DMA and 20-DMA, which is acting as a stiff… Read More »
Central Bank of India CBI is taking support at a rising trendline @156.65 and facing resistance @161.25 as shown on daily charts RSI is rising and giving a buy signal and MACD is in Buy zone Buy above 161.65 Tgt 163.4,116.9 Sl 160 Sell Below 159.5 Tgt 157.7 and 154.9 Patel Engg Patel Engg looks… Read More »
BEML BEML has been in downtrend for 15 trading sessions in a row on back of some rumors by CAG on inflating there books which has no substantial evidence but was able to crash the stock for 30% in matter of 3 trading sessions. Stock is trying to cover up its lost ground and was… Read More »
Rajesh Export Forming Triple top on daily charts @141.5 MACD also showing positive divergence. Buy above 141.5 Tgt 144.2 and 146.96 ICICI Bank ICICI BANK is forming lower top lower bottom formation and saw good rally from lows of 950 to high of 1066 which coincidentally is 50 SMA@1062.RSI is also hitting upper boundary Sell… Read More »