I would be covering the Following Stocks as my weekly technical picks SBI,DISH TV,Bharat Forge,Jindal Saw,United Phosphorus State Bank of India SBI has formed double top at 2348 levels and it is having a bearish implication.Negative divergence is easily visble in RSI. On weekly charts also stock is trading in the range of 2160-2340 Levels.… Read More »
LIC Housing Finance Stock has moved out of its down ward slopping channel as shown in the Chart, which means LIC Housing is up for a good amount of upside. Stocks are moving and broke the slopping channel with a good amount of volumes. RSI and MACD are showing good amount of strength, As the… Read More »
ICICI Bank After breaking the crucial 200 SMA support stock was pounded by bears and than came the BOR news which gave more reasons for bears to pound the stock.Now we are having a good support at 200 EMA .Stock held support of 810 for 2 days and looks like there is strength is emerging… Read More »
SESA GOA Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts. We can trade this stock on both upside and downside but as of now RISK to REWARD… Read More »
ICICI Bank buy above 50 SMA which is at 938 levels for a Target of 952 and 977 Stock can also be added in Pullback near 913 SBI is facing multiple resistance around 2325 levels as indicated in chart Buy at pullback around 2300 levels for a tgt of 2348 2378 and 2432 Levels HINDALCO… Read More »
ICICI Bank Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trendline… Read More »
Sugar Stock have been in news off late with all wrong reasons and have been hammered like anything,But every thing has a botton and i feel technically Renuka is ready for a Bounce small bounce.Lets have look at the technical set up of Renuka Sugar. As marked in Chart a Blue colored area where Renuka… Read More »
Stock is locked in a trading range of 1220 and 1300 and currently at the bottom of trading range,Positive Divergence is observed in RSI. Trading Levels: Buy above 1240 for a tgt of 1255 and 1265 Sell below 1215 for a tgt of 1205 and 1189
Educomp Solution: The top five holdings for Goldman Sachs Invest Mauritius were LIC Housing Finance , Lanco Infra, CESC, United Phosphorus and Educomp Solutions. GoldMan Sachs was in news for Wrong Reason and we can see a selling on the Scripts Held by the Company. Educomp Solutuion is showing good support at 100SMA,which i belive… Read More »
HDIL is showing good strength with the increase in volumes and stock is showing trend line resistance,around 308 and 200 SMA lies at 312 So if the stock closes above 312 it can rally till 315 318 and 328 which is 100 SMA.