KS Oils KS Oils has given a bullish breakout today moving above its 50 DMA@52 with volumes and which has been eluding its for quiet a few trading sessions. KS oils now faces a resistance at 100 DMA @ 54.3 which if crossed will propel stock to its 200 DMA@62 in few trading seesions As… Read More »
HINDUSTAN ZINC HZL is technically looking very bullish as stock is closing above its 200 DMA with increase in volume.Stock is taking support at 50 DMA @1080 and taking resistance at 1107 and 1126 levels. RSI is at neutral and can move up and MACD is on verge making positive divergence.Volumes are on Rise indicating… Read More »
Genus Power and Infrastructure Genius Power a look at daily charts with proper set up tells the whole picture and trading pattern visible in the stock charts Genius is an classic example of support becoming resistance. Stock was taking support at 50 DMA and was bouncing from the same,but as soon as 50 SMA got… Read More »
MIC Electronics MIC Electronics broke out of the one year of consolidation. Today’s volume in NSE was 3 Million shares as against last 10 days average volume of 442,000 Today’s close is above 200 DMA and the breakout is with volumes exceeding 6 times of average volume. Buy for Tgt of 43.3,46.7 and 49.4 JM… Read More »
WIPRO Wipro weekly charts is trading in arange of 374 and 440 on weekly charts.As such it has done nothing in 2010.Looking at the way infy is shooting up looks like lots of catch up needs to be done by WIPRO. For any further up move WIPRO needs to break the trading range.Looking at Volumes… Read More »
Crompton Greaves Crompton is trading in a parallel channel as shown on chart. Taking support at lower trendline and taking resistance at upper trendline. Such stock become easy to trade as we can see where they will take support and where they will stall there upmove.MACD is showing positive divergence on Daily Charts. Buy above… Read More »
BF Utilities Limited BF Utility is at its 200 DMA and i belive stock will show a good bounce after going for around 2 weeks of slumber and decline in trading activity.Technically Stocks looks ripe for bounce. Indicators are in Oversold Conditions and Volume is on decline as shown in above chart. Buy around 967… Read More »
GAIL Limited Gail is forming an inverted Head and Shoulder pattern on Daily charts with neckline place at 493.If we are able to cross 493 on closing basis GAIL will add another 50-60 points. RSI is below 70 indicating still can be bought MACD is showing positive divergence RSI is below 70 indicating still can… Read More »
Infosys Technology Infy is on a roar like a raging bull and there is no stopping for this stock from past few days.Fundamentally news is not good for IT companies as US is getting wary of sending jobs to Indian Soil looking at the unemployment state in there own country. STOC has given a negative… Read More »
MARUTI SUZUKI Limited Maruti tried touching its 200 MA today 1367.5 but was unable to sustain it and closed below its major resistance of 200 DMA. Momentum is present in stock and India becoming 6 largest vehicle manufacture can propel the stock above 200 DMA. Buy above 1371 tgt 1385 and 1403 Reliance Capital Reliance… Read More »