Market Analysis
Price is sole motivation for all other actions !! follow simple price action ... rest follows !! Market analysis based on technical & Fundamentals !! Long / Medium term Investing and trading ideas !! SHARING a little bit what i learned
Wednesday, December 4, 2013
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
-- 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 .
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+
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
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
#XAGUSD $SI_F
-- 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
#XAUUSD $GC_F
-- 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
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.
-- 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+
-- Giving a fresh breakout above 1300+
-- use dips to accumulate
-- initial targets of 1500 followed with 1650+
-- 12-18 months can head towards 2400+
Tuesday, November 19, 2013
Friday, November 8, 2013
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