ICICI Bank Stock was having resistance at 100 DMA ie at 898 and on last friday closed above that with volumes making a way for furthur upside in short term. Strong support exists at 200 DMA 881 which can be touched tommrow as maket will open gap down.If ICICI Bank holds 200 DMA and close… Read More »
Larsen and Tubro Facing trendline resistance from past few trading sessions and looks good for a breakout above 1851 looking at volumes and RSI Buy above 1852 for tgt of 1864 and 1881 and 1900 SL of 1821 IVRCL Infra IVRCL has given a breakout on the daily charts and looks good for a rally… Read More »
SAIL Buy SAIL above 194 Tgt 197 202 and 206 sl 188 King Fisher Airlines Buy KFA above 50.80 Tgt 51.7 ,52.5 53.3 56 and 62 Stock will blast above 53.3 Punj Lloyd Buy above 138 tgt 139.2 140.4 141.4 and 144 sl 134
HITACHI HOME If we have a look at both Daily and Weekly Chart we can see a pennant formation which have implication of either breakout or breakdown from a trading range depending on volume activity. Volumes have almost dried in the counter and trade should be excecuted only on the break of the range. Long… Read More »
Chennai Petroleum Chennai Petroleum if you see the stock price from past few trading sessions one thing is observed that 100 SMA is quiet diffcult nut to crack for this stock.After breaking 100 SMA stock has attempted atleast 4 time to crack this elusive resistance and was unable to. But Can it do this time?… Read More »
HBL Power System HBL Power System has been under bear hammering from past 4 trading sessions and now it is trading around its lower trend line support at Rs 31 as seen from the daily chart stock has always bounced from its lower trend line and we can same to accept now. RSI and MACD… Read More »
HCL TECHNOLOGIES HCL showed a sharpp bounce from 353 Levels which is coincidentally its 200 SMA,but on shorter time frame failed to cross above its trendline as indicated on charts MACD is showing a sell signal,RSI moved into near oversold zones,Trade can be intiated both on long and short side depending upon levels given Buy… Read More »
Following Stocks are covered ICSA,Super Spinning Mills,Reliance Communication,Gillette India.Keep booking profits and as per your risk levels. Super Spinning Mills Super Spinning is forming an Inverted Head and Shoulder Pattern with Neckline placed at Rs 14.05.Stock is havig lot of trading Intrest Build up and can see higher levels if and only if 14.05 ie,… Read More »
Reliance Industries Reliance Industries the poster boy of Stock Market has not done anything from past 1 year and if we have a look at 2 Months chart it is stuck in the range of 970 to 1070 levels and currently trading at the Upper channel. MACD in buy mode and Trades can be intiated… Read More »
ESSAR OIL Essar Oil has formed a Pennant Formation on daily charts and formed 2 Doji with less volumes also. MACD and RSI are also in Buying Mode but Essar Needs to cross and sustain the Trend line resistance at 128 levels for its next upmove. Buy Above 128 Tgt 130 135 and 139 Sl… Read More »