Following Stocks are covered ICSA,Super Spinning Mills,Reliance Communication,Gillette India.Keep booking profits and as per your risk levels. Super Spinning Mills Super Spinning is forming an Inverted Head and Shoulder Pattern with Neckline placed at Rs 14.05.Stock is havig lot of trading Intrest Build up and can see higher levels if and only if 14.05 ie,… Read More »
Reliance Industries Reliance Industries the poster boy of Stock Market has not done anything from past 1 year and if we have a look at 2 Months chart it is stuck in the range of 970 to 1070 levels and currently trading at the Upper channel. MACD in buy mode and Trades can be intiated… Read More »
ESSAR OIL Essar Oil has formed a Pennant Formation on daily charts and formed 2 Doji with less volumes also. MACD and RSI are also in Buying Mode but Essar Needs to cross and sustain the Trend line resistance at 128 levels for its next upmove. Buy Above 128 Tgt 130 135 and 139 Sl… Read More »
I would be covering the Following Stocks as my weekly technical picks SBI,DISH TV,Bharat Forge,Jindal Saw,United Phosphorus State Bank of India SBI has formed double top at 2348 levels and it is having a bearish implication.Negative divergence is easily visble in RSI. On weekly charts also stock is trading in the range of 2160-2340 Levels.… Read More »
LIC Housing Finance Stock has moved out of its down ward slopping channel as shown in the Chart, which means LIC Housing is up for a good amount of upside. Stocks are moving and broke the slopping channel with a good amount of volumes. RSI and MACD are showing good amount of strength, As the… Read More »
ICICI Bank After breaking the crucial 200 SMA support stock was pounded by bears and than came the BOR news which gave more reasons for bears to pound the stock.Now we are having a good support at 200 EMA .Stock held support of 810 for 2 days and looks like there is strength is emerging… Read More »
SESA GOA Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts. We can trade this stock on both upside and downside but as of now RISK to REWARD… Read More »
ICICI Bank buy above 50 SMA which is at 938 levels for a Target of 952 and 977 Stock can also be added in Pullback near 913 SBI is facing multiple resistance around 2325 levels as indicated in chart Buy at pullback around 2300 levels for a tgt of 2348 2378 and 2432 Levels HINDALCO… Read More »
ICICI Bank Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trendline… Read More »
Sugar Stock have been in news off late with all wrong reasons and have been hammered like anything,But every thing has a botton and i feel technically Renuka is ready for a Bounce small bounce.Lets have look at the technical set up of Renuka Sugar. As marked in Chart a Blue colored area where Renuka… Read More »