IVRCL Infra Stock has fallen from 195 to 175 in a matter of few trading sessions. Now it is at a crucial junction of 200 SMA which can define between its bull or bear terrotary. Volumes are not much in the fall and can see a short covering on this expiry Buy around 176 Tgt… Read More »
Indian Bank Stock is trading in parallel channel and is now touching upper trend line channel as shown in chart.Stock can consolidate in coming few trading seesions and than make an up move to break the channel with the rising volume. Buy the stock on pullback near 246 where 5 EMA Lies.RSI is above 70… Read More »
Buy Nalco above 439 Tgt 443 and 447 Trendline Breakout on cards
ICICI Bank Stock was having resistance at 100 DMA ie at 898 and on last friday closed above that with volumes making a way for furthur upside in short term. Strong support exists at 200 DMA 881 which can be touched tommrow as maket will open gap down.If ICICI Bank holds 200 DMA and close… Read More »
Larsen and Tubro Facing trendline resistance from past few trading sessions and looks good for a breakout above 1851 looking at volumes and RSI Buy above 1852 for tgt of 1864 and 1881 and 1900 SL of 1821 IVRCL Infra IVRCL has given a breakout on the daily charts and looks good for a rally… Read More »
SAIL Buy SAIL above 194 Tgt 197 202 and 206 sl 188 King Fisher Airlines Buy KFA above 50.80 Tgt 51.7 ,52.5 53.3 56 and 62 Stock will blast above 53.3 Punj Lloyd Buy above 138 tgt 139.2 140.4 141.4 and 144 sl 134
HITACHI HOME If we have a look at both Daily and Weekly Chart we can see a pennant formation which have implication of either breakout or breakdown from a trading range depending on volume activity. Volumes have almost dried in the counter and trade should be excecuted only on the break of the range. Long… Read More »
Chennai Petroleum Chennai Petroleum if you see the stock price from past few trading sessions one thing is observed that 100 SMA is quiet diffcult nut to crack for this stock.After breaking 100 SMA stock has attempted atleast 4 time to crack this elusive resistance and was unable to. But Can it do this time?… Read More »
HBL Power System HBL Power System has been under bear hammering from past 4 trading sessions and now it is trading around its lower trend line support at Rs 31 as seen from the daily chart stock has always bounced from its lower trend line and we can same to accept now. RSI and MACD… Read More »
HCL TECHNOLOGIES HCL showed a sharpp bounce from 353 Levels which is coincidentally its 200 SMA,but on shorter time frame failed to cross above its trendline as indicated on charts MACD is showing a sell signal,RSI moved into near oversold zones,Trade can be intiated both on long and short side depending upon levels given Buy… Read More »