IndusInd Bank IndusInd bank saw an 8% fall yesterday falling near its short term rising trendline and its 100 DMA also.Breaking of support of 461 and closing below it .Stock can see a pullback till 432 in short term. Buy above 473 Tgt 479,484 and 489 SL SL 470 Sell below 460 Tgt 456,451 and… Read More »
Tata Steel Tata Steel has been falling like 9 pins,stock has been a worst performer in Nifty 50. Stock is trading a crucial Fibo number of 254. Any close below it on closing basis can see stock pulling back to 233 odd levels,Holding 254 can see a bounceback till 288 odd levels. Buy above 261… Read More »
Maruti Maruti has broken below its symmetrical triangle, 200 dma and Gann number of 1453,suggesting weakness in short term. Unable to close above 1453 in next 2 days gives short term target of 1364 Buy above 1464 Tgt 1485,1500 and 1520 SL 1460 Sell below 1438 Tgt 1422,1400 and 1380 SL 1447 SBI… Read More »
Reliance Reliance trading in its Flag pattern, Took resistance at upper end 889 and lower end at 840 where it gave a bounceback. So RIL also trading in a range trade. Buy above 869 Tgt 877,885 and 891 SL 865 Sell below 856 Tgt 847,839 and 825 SL 860 M&M M&M trading is a 100… Read More »
Infosys Infosys is coming with its results day after tomorrow before market opens,Stock has a bad history of opening 10+% gap up or gap down. Stock is approaching its higher end of trendline and if unable to cross and close above 2584 on closing basis stock can fall all its way upto 2351. Any close… Read More »
ONGC ONGC broke above its downward falling trendline 322 made a high of 353 on gas pricing news and has been falling sinse than,Stock yesterday closed near its support of 302. Holding the same bounceback can be expected. Positional Longs should be taken on close above 308 only for target of 330, 352. Buy above… Read More »
Reliance Reliance is forming a Flag Pattern which is bullish if we see a follow up move and close above 898. Any close above 898 will propel stock towards 953 odd levels. Buy above 881 Tgt 885, 888 and 895 SL 877 Sell below 876 Tgt 872,866 and 860 SL 880 JSPL JSPL has… Read More »
HCL Tech HCL Tech approaching its resistance of 805-810 odd levels. Unable to cross them can lead to pullback towards its rissing trendline. Buy above 802 Tgt 805,808 and 812 SL 800 Sell below 789 Tgt 785,782 and 776 SL 792 Tata Motors Telco has closed above its 200 DMA.which gives a short term target… Read More »
FIIs bought 660 Index Future worth 18 cores with net Open Interest decreasing by 2648 contracts.FII booked profit in Index Futures. Nifty opened with gap up filled the gap in morning and continued with its rally but was unable to breach and close above 5860. 5750 needs to be watched closely any break below it… Read More »
Bajaj Auto Bajaj Auto after breaking out of its trendline crossover zone,formed 3 DOJI pattern suggesting an explosive move is round the corner. Buy above 1893 Tgt 1908,1925 and 1950 SL 1881 Sell below 1868 Tgt 1848,1826 and 1804 SL 1881 IDFC IDFC is near its important medium term support of 123, Holding the… Read More »