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 »
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 »
GAIL Limited Gail is forming an inverted Head and Shoulder pattern on Daily charts with neckline place at 493.If we are able to cross 493 on closing basis GAIL will add another 50-60 points. RSI is below 70 indicating still can be bought MACD is showing positive divergence RSI is below 70 indicating still can… Read More »
Infosys Technology Infy is on a roar like a raging bull and there is no stopping for this stock from past few days.Fundamentally news is not good for IT companies as US is getting wary of sending jobs to Indian Soil looking at the unemployment state in there own country. STOC has given a negative… Read More »
MARUTI SUZUKI Limited Maruti tried touching its 200 MA today 1367.5 but was unable to sustain it and closed below its major resistance of 200 DMA. Momentum is present in stock and India becoming 6 largest vehicle manufacture can propel the stock above 200 DMA. Buy above 1371 tgt 1385 and 1403 Reliance Capital Reliance… Read More »
KOTAK BANK Kotak Bank after stock split has shown a breakout on daily charts.As this rally in nifty is led by Banks Kotak technically looks ripe for another run for 5% MACD is showing a positive divergence and RSI is also indicating Buy levels. Buy above 460 Tgt 464,474 and 489 Short below 440 Tgt… Read More »
Bank India Trendline Breakout with volumes RSI,MACD showing buying signals Buy above 493 Tgt 500,512 and 531.5 Kajaria Ceramics Limited Kajaria is also on the verge of breakout on daily charts MACD is giving positive crossover,RSI is buying Zone Buy above 72.5 Tgt 73.72,75 and 76 Whirlpool India Limited Whirpool India is on a bull… Read More »
Core Project Core Project facing trendline resistance at 289 levels and sustained close above that will propel stock to higher levels.RSI being in buy zone giving more strength to stocks technicals. Buy above 289 Tgt 293 and 300 HEG HEG closed above its 200 DMA with volumes,with stock closing above its short term trendline at… Read More »