Nifty Hourly Nifty Did nothing today was just consolidating in a range and We formed one more Inside Day (Unable to break previous day High and Low) and range is getting smaller for a breakout either on break above 5325 and below 5249. From a short term perpesctive if 5196 taken out than we are… Read More »
This Post is for knowledge purpose. GTL Infra Never take a trade based on oversold/overbought indicators. GTL Infra has been oversold on Daily charts but on oversold chart can go it more oversold levels. Till the pain is not over. It all depends on Demand and Supply so learn it a lesson never belive on… Read More »
TATA MOTORS The 975-980 Band for TATA Motors is a good Long term support as shown in above chart. If its gets broken only visible support is @ 900 Levels. Stock has been forming lower lows and a close above 996 will negate that. Buy around 980 With a sl of 972 Tgt 989,996,1003 Sell… Read More »
Nifty Hourly Nifty gave a expected upmove yesterday as per hourly charts.5440 was a level of Support and we saw an expected upmove inspite of weak global cues. Trade on System not on your emotion/Intutuion Now For today Arrow Marks in Red should be intital point of Resistance @5521 move above that should take us… Read More »
Bombay Dyeing Bombay dyeing has been respecting its upward and downward channel as shown in the chart. Break on above the trendline can add further rally to the stock. Mometum indicator are in overbought zone and Rise in stock is accompanied with expansion in volume which is healthy for stock Buy above 375 Tgt 379… Read More »
HDFC LTD HDFC is forming an ascending triangle with lower trendline support @ 659 Levels and Facing upper trendline support@685. HDFC has been in trading range and its going smaller as per ascending triangle formation. Indicators are showing strength but break of trading range is important for any explosive upmove either on downside or upside.… Read More »
BHEL BHEL has been looking weak on TA charts after its results and split news came.Stock was unable to cover the losses of result day and Slowly drifting down.BHEL has found good support around 1890 levels and have bounce twice from that. Indicators are oversold so if 1890 is held a bounce can be expected… Read More »
Mphasis Mphasis after 27% fall on bad results during the result season has unable to recoup its losses. Technically looking it looks poised for breakout above 485 levels for short term. Indicators are showing short term strength. Buy above 485 Tgt 491,497 and 505 Nifty Hourly Nifty as expected gave a bounce back from… Read More »
Nifty Hourly Chart As seen from Hourly Chart Nifty was unable to cross 5600 which is the swing high before the previous fall. Negative Divergence was observed in RSI but we would require a price confirmation of the same. Nifty was able to cross over 5565 the Fibo resistance which is a booster to Bulls… Read More »