Wednesday, December 4, 2013

Hinduja Global Solution

Hinduja Global Solution
CMP 469+ 
-- sustaining at higher levels 
-- given breakout above 450+
-- hits new 52 week high
-- breakout have opended up 525 & then 600+
-- in longer time frame for 24-36 months will head towards 1200+ if breaks above 650

Siemens

Siemens ===>
two scenarios concurring on monthly charts
1) if breaks 625+ will head towards 825-850 zone
2) if unable to pass 625+ short for revisit to 550 and lower levels

Everready Industries

Everready Industries

-- formed a bottom around 14.50-16.50 zone
-- longer term basis didnt went below 2008 lows of 11+
-- have retraced 23.8% of last fall from 82 odd to 14.50+
-- falling trendline resistance now placed at 40+ which co incides with 38.2% level of fall from 82 to 14.50
 -- 
dips should be used over next 12-18 months to accumulate for bigger move towards 100+ over next 24 months

Tata Elxsi

Tata Elxsi
CMP 340+
-- a long term breakout if breaks and closes above 350+
-- last two times in 2007 & 2010 have failed to pass 350+ zone
-- double top formation in monthly charts at 350+
-- a decent move above 350+ opens up 650-700 zone .


Whirpool

Whirpool keep a check can proove to be another rocket
CMP  190+
given a decent breakout
any move above 200+ opens up 240+

Tuesday, December 3, 2013

Marksans Pharma Limited

Marksans Pharma Limited
  CMP 14
-- Small Pharma co.
-- Tends to move in circuits whether upper or lower ...
-- have given 10x from lower levels...  i.e. from 1.35 odd to 14.35 today
-- same move occured between 2003 & 2005 where it went from 1 to 40 odd..
-- if history is repeated then same move and beyond is possible..
-- have formed a saucer bottom formation and build a 4 year base..
-- only for adventurous traders & investors... 
-- buy dips towards 9+ to buy for 40+
-- resistance at 17 / 20 / 22 / 25 / 31 / 35 / 40

Jubilant Foods

Jubilant Foods
Any breakout above 1400 opens up 1800 and then 2200 within next 12-18 months time frame

Thursday, November 28, 2013

Silver - Long Term View

Silver
-- shaping up well for another leg down
-- making lower high on longer time frames
-- Strong support at around 18.20
-- Possible Targets towards $11.25 - $11.30
-- 40% move
-- Technically on longer time frame it have pending targets of $ 8.50 - 9
-- 10% chance of test of $ 4-5 range

Gold - Long Term View

Gold
-- shaping up well for another leg down
-- making lower high on longer time frames
-- Strong support at around 1180 - 1150
-- Possible Targets towards $925 - $930
-- 20% move 
-- Technically on longer time frame it have pending targets of $ 450
-- 10% chance of test of $ 250-300 range  
 

ABirla Nuvo - Monthly


Jai Corp - Monthly


Axis Bank - Monthly

plotted a few days back...

Rallis India


Thursday, November 21, 2013

Sensex


CMP 20300+
-- Index is currently trading almost near to short term trend line support denoted in THIN GREEN LINE around 20300 zone
-- Index broke main trend line denoted in THICK GREEN LINE

-- made a lower top at 20934 compared to 21294.
-- Previous low and turning point was 20162 and if gets broken will make a lower low
-- If 20162 gets broke immediate support zone 19600 / 475 and 19265 zone.

Wednesday, November 20, 2013

Just Dial

Just Dial
-- Giving a fresh breakout above 1300+
-- use dips to accumulate
-- initial targets of 1500 followed with 1650+
-- 12-18 months can head towards 2400+

Friday, November 8, 2013

Bajaj Auto


Bajaj Auto
-- CMP 2070+
-- Trendline break below 2110+
-- double bottom around 2040+
-- lower high from 2195 to 2157
-- breakdown below 2040 opens up 1970/1940

Sun Pharma Advance Research Co. (SPARC)

SPARC
-- CMP 144
-- Breaking out of a range...
-- above 145 opens up 165+
-- Support at 133 / 127-25 zone

HDFC Bank

HDFC Bank
CMP 648
-- Triple top formation in zone of 689-699 zone
-- failed to breakpass high
-- breaking down from 655 zone
-- immediate support at 635/620
-- Mystrey of Triangle of 200 points will soon get resolved
-- stops above immediate highs of 698+

Reliance

Reliance-- CMP 875
-- made double top at 927
-- made current low at rising trend line at 872
-- break below 863 opens up 836
-- false breakout above 900 and failed upmove