Ranbaxy Ranbaxy is taking resistance at upper end of fibo fan Bullish only above 432 for tgt of 466 in short term,Close below 410 will be bearish giving short term target of 377. Buy above 410 Tgt 418,426 and 432 SL 407 Sell below 404 Tgt 400,396 and 385 SL 407 Bajaj Auto… Read More »
SBI SBI has formed a double bottom at 1575 and closed above an important Fibo number of 1597. Double bottom are very strong reversal pattern that to if stock has been declining from past 12 weeks. Any close above 1631 will give further boost to bulls for target of 1686 and 1741 in short term.… Read More »
IRB Infra IRB stock has seen a capitulation with a fall around 52 forming a panic double bottom pattern and than on course for slow and steady rise. Stock is entering its resistance zone as per fibo fans as shown in above daily chart.Positional trades can be taken on close above 72 for target of… Read More »
Siemens Siemens stock on daily chart is unable to close above its downward falling trendline and also approaching the demand zone of 466. Any close below 466 gives target of 432 in short term. Buy above 491 Tgt 500,509 and 519 SL 484 Sell below 473 Tgt 465,455 and 444 SL 477 M&M M&M… Read More »
Canara Bank Canara Bank is taking support at its Fibo Support of 246, Holding the same bounceback can be expected till 322 in short term. Buy above 278 Tgt 285,292,298 SL 274 Sell below 265 Tgt 260,254 and 246 SL 269 Idea Idea has been trading in perfect up trending channel and stock has reached… Read More »
Bharti Airtel Bharti Airtel stock has been perfectly trading in its Fibo Fan support and resistance on daily charts.Positional traders should wait for close above 343 for positional longs and shorter should wait for close below 320. Buy above 324 Tgt 329,333 and 340 SL 321 Sell below 317 Tgt 314,307 and 301 SL 321… Read More »
Reliance Capital Reliance Capital Stock was unable to cross the Fibo fans and also price got rejected near 200 DMA.Stock has seen a correction till 365 which a very important support level.Any close below 364 will give a swift correction till 343 odd levels. Close above 377 gives short term target of 411. Buy above… Read More »
Bank of Baroda Bank of Baroda stock has been trading in range of 540-595 for past few trading session.Unable to cross 595-597 range tommrow we can again go back to lower end of trading range. Buy above 595 Tgt 599,606 and 610 SL 589 Sell below 583 Tgt 578,574 and 568 SL 589 Shriram… Read More »
Reliance Reliance after breaking out of its Flag pattern has shown 4% rally and formed a DOJI pattern yesterday signalling a good move is on the cards.Stock has closed above its congestion zone of 903 and can see an upmove till 950 odd levels. Buy above 921 Tgt 926,932 and 940 SL 917 Sell below… Read More »
TCS TCS will be coming with its results on Tomorrow evening. Stock has been on dream rally in spite of rupee falling from the high of 61.Stock made a fresh high of 1685 today. Negative divergence can be seen in RSI,Stoch. TCS is also approaching its Gann Fan resistance of 1716. Positional traders keep an… Read More »