SBIN Daily Chart SBI is forming an ascending triangle formation with support around rs 2780 levels and resistance around 5 EMA 2905 levels. Stock has fallen from a high of 3400 to a low of 2700 in a matter of few trading sessions and a bounce till 3000 can be excepted for the stock. RSI,MACD… Read More »
*About Bull Market Corrections** We look back to 17 years of market (BSESensex) history to assimilate data on bull market corrections. There have been four bull markets over the past 17 years (including the current one), and within those bull markets there have been 32 corrections of 5% or more (including the current one). The… Read More »
Varun Industries Varun Industries is in long term uptrend stock and its bull market rally from 120 to 240 was quiet notiecable and fast. Stock consolidated after making a 100% move and now is consolidating in the range of 216 and 247. Till the stock trade in the range of 216-247 trade this range. Once … Read More »
MUNDRA PORT Mundra Port is forming double bottom formation which if held can see a good upmove till its 50 SMA@160 levels and if it fails to get support at 150 levels can slide till 143 levels on downside. As technical Indocators are in oversold zone bias is towards upside Buy above 151 Tgt 153… Read More »
Fundamental Perpective NGL Fine-chem Ltd is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. Company caters to various global companies to custom manufacture high quality pharmaceuticals with reliability and flexibility. Utilizing its expertise in complex multi-stage organic synthesis, company continues to expand their product portfolio with new products. Company has… Read More »
Bharat Forge Bharat Forge is in trading range from 365-390 levels and been trading in between those levels from past few trading sessions. Stock looks like it will break 390 levels as MACD is giving a buy signal STOC also in buy mode.Volume on higher end Buy above 393 Tgt 399 and 409 Sell below… Read More »
TATA MOTORS Tata Motors has been on dream bull run from low of rs 150 to high of 1294.TELCO results were phenomenol today can give booster to stock to scale towards new high. Remember:Money always flow in hot stocks in bull market regardless of valuation comfort zone. Channel support comes at 1256 should be sl… Read More »
Reliance Daily Chart Reliance Daily Chart is showing a bullish breakout with rising support and facing resistance around 1119 levels.Stock has remain under performer for the most of the rally,Now as we are at the most crucial juncture of the rally moving to all time high RIL can play a crucial role. It’s a throw-back… Read More »
Fundamental Aspect “Confidence Petroleum is a play on urbanization. Rural India is increasingly transitioning from kerosene and other cooking mediums to LPG gas, you are also seeing greater trend of nuclear families, so that means a greater demand for LPG cylinders.” “Confidence is the largest cylinder manufacturer in Asia; the capacity is more than 40… Read More »
Voltas Volatas products will be on demand during the Diwali Time and will be a sentiment booster for the Stock.Technically Stock is looking for a breakout on upside seeing the price volume action. Volatas is having a good support at 20 DMA@240 and resistance at recent swing high of Rs 253 Buy above 253 Tgt… Read More »