State Bank of India SBI has done nothing from past 10 trading sessions,Stock has become rangebound with a narrow trading range from 2780-2730. SBI should explode either on upside or downside before expiry As per my analysis SBI should go and touch its 50 DMA on upside before expiry as Short covering if it comes… Read More »
ABB Ltd ABB has formed a base around 750 levels and facing resistance at down trending channel at 810. MACD is showing positive divergence. Buy above 810 Tgt 815,827 and 845 ABG Shipyard ABG Shipyard is forming a ascending triangle formation with rising trendline from bottom and a vertical trend line joining tops. Also the… Read More »
Nifty Nifty is posting a rally from the low of 5721 Will Nifty Bounce as I showed technically that we did not break the low and positive divergence on RSI played there part fueled by very good IIP numbers. Market always makes a move that causes maximum pain to maximum people and consensus was on… Read More »
Educomp Solution Educomp Solution looks good as it is extremly oversold on daily charts and near its support area of rs 502. RSI is showing positive Divergence. Buy above 525 Tgt 531,540 Sl 516 Reliance Industries Reliance Charts in Previous Post [Click on post to see] Reliance Broke its 200 DMA @1036 today which is… Read More »
Market is a place where all kind of rumors born in pessimism and some quarter take advantage in hammering the stock in the name of somebody else for personal gains. If the valuation is right even if somebody is involved the stock will find support See that you do not enter at wrong valuations. Hanung… Read More »
Reliance Industries Reliance industries is forming a parallelogram pattern with formation of Higher Top and Higher bottom formation on daily chart in short term time frame. Reliance was the savior for Nifty for past 2 days when banks were bleeding heavily due to crude rising above 90$ which was negative for Banks but positive for… Read More »
Bank Nifty Bank Nifty forming a ascending triangle formation with upper trendline acting as resistance with 50 DMA acting as resistance and lower trendline acting as support Bank Nifty is a buy only above todays high and Sell below lower trendline level Buy above 12429 Tgt 12582 and 12734 Sell Below 12000 Tgt 11898 ,11746… Read More »
HDFC BANK HDFC Bank is having trading range between 2260 to 2400 where it gets resisted by upper trend line and on downside gets support at lower trendline.Daily chart of HDFC bank is displayed below with upper and lower trend lines. RSI is showing a clear negative divergence MACD is showing positive crossover. Stock has… Read More »
Jain Irrigation Forming Triple top @245 crossing over it with volumes can take the stock to new highs levels Buy above 245 Tgt 248,255 and 266 Ranbaxy Labs Ranbaxy Labs is unable to cross 50 SMA @583.Today also tried to cross it but selling pressure from higher levels made the stock to close below crucial… Read More »
Hindalco Industries Stock is moving into channel but closed below 5 Day Low EMA and Dollar index crossing 80+ can hurt the stock on upside and downside will continue. Short Hindalco below 201.40 Tgt 200.6 ,197.5 ,194.2 ,191.2 Sl 203.9 US Dollar Index Charts US dollar crossed 50 DMA @78 and moving towards 82 levels… Read More »