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

HDFC



HDFC 
-- getting again nasty sense will go below 400 (50% crack) 
-- triangle breakdown + failed breakout

PNB

PNB Short stops 555+ targets 495/490 and then 475/70

Nifty


Nifty
-- below 6100 opens up 5900+
-- trendline got broken around 6225-50 zone
-- if holds 6100+ can retest the highs
longer term time frame show 2 open targets as mentioned
-- Red line triangle breakout suggests a move towards 6500+
-- Blue line triangle breakout suggest a move towards 7200+

Thursday, November 7, 2013

Gold Fibo Fans

--  H&S shows a breakdown below 1304-1310 zone ( posted earlier)
-- retracing below 50% on Fibo Fans..
Targets activated to levels of 1250-1260

Gold (Comex) H&S EOD

Gold Comex

EOD chart suggesting a Head & Shoulder formation...
Head at 1360+
shoulder zone 1304-1310

watch for breakout below 1300 for further confirmtion

Alternatively buy near the support zone at shoulder as mentioned above..

stuck in tight zone

Gold (Comex)

Gold
Trying to stablise at low of 1304-1310.. any move intra day above 1328 opens up 1340-1350 !!
Failure above 1328 will take it lower back to 1304-1310 zone !!

Bank Nifty

Bank Nifty CMP 11300
-- Any move below 11150 will see a follow through sale off of 550-600 points..

Naukri


Info Edge ( Naukri)

Giving a long term breakout ..
buy on dips till 200 for a larger move towards 1000 in 2-3 yrs time frame

TCS

TCS CMP 2140
-- all set to retest the old highs at 2260
-- 1st resistance at 2160
-- 2nd resistance at 2200

ideal stops at 2070+ conservative stops at 2095

HCL Tech

HCL Tech breaks 1120 + ... 1300 is now officially open .. ideal stops below 1030+

Wednesday, November 6, 2013

USD INR (Rupee)

 4 hour
 EOD
Weekly

USDINR giving 1st signs of reversal ... the rally have open  and pending targets of 77-78

E Clerx

E Clerx
-- A move above 1070-1075 opens up 1250-1300 zone in 2-3 months time frame
-- a must buy on dips stock for targets as high as 2400+ based on fibo projections

Tech Mahindra

-- breaking out of every resistance
-- any move above life highs of 2000 + opens up 3800-5000 levels based on range breakout and fibo retracements
-- buy on dips
-- in short term heading towards 1750-1800

J&K Bank

JK Bank move above 1350 1400 will open up 1800-2000 ...
Core portfolio stock which can quadruple from current levels if patience is kept

CESC Ltd

-- sideways for last 6 years
-- break above 400+ opens up 450+
-- long term looking good as base formation around 200-250 zone held in most severe down turns
-- 5 years down the line can go towards 1000+

CNX IT

CNX IT stucked in a trading range between 8950 on higher side 8650 on lower side ... 
which ever way it breaks out will give 300 point move ... 
alternative short very close to 8950 with 10-20 pt stops and 
buy near 8650 with min stops .... 
buy on dips ... Tech still have wings to fly

JK Bank

JK Bank move above 1350 1400 will open up 1800-2000 ...
Core portfolio stock which can quadruple from current levels if patience is kept

Tuesday, November 5, 2013

Capital Allocation

Capital Allocation
Break capital in 20 equal portion and invest ... most simplest method to follow...

5% stops for loosers but do check chart before exiting ..( false breakdown do come to trigger stops)

Ride the winning stock and add to it Dump the squibs

Glaxo

Glaxo CMP 2490 buy for 30% upside ... 2100 stops

Orchid Chemicals

Orchid Chemicals ... keep an eye ... high flyer candidate can give 30-40% in no time ... breakout above 55 levels... use dips to buy ...
will post chart later at eod

HOVS Ltd

--> Recommended on a pvt group at 48 (disclosure)
-- CMP 69+ at UC
-- co is into BPO
-- made a base around 20-25
-- will try to test 23.8% retracement level on longer term basis..
-- given monthly breakouts ...
-- use dips to accumulate for 100+ and then higher targets...

Auro Pharma

-- Hitting new 52 weeks high
-- headed towards no res zone towards old high of 277
-- once breaks old highs opens up 500+
-- old fractals suggest a 261.8% retracement may happen opening up 600+
buy on dips for a 18-24 month time frame till 125 holds

Nucleus Software

-- breaking out in medium term time frame ( 3-5 year) above 110
-- if breaks out then headed towards 135/150
-- Made a higher low compare to 2008 low around 38+
-- will try to test retracement level of 23.8% if fall from 600 to 38
-- buy on dips...

UFlex

  UFlex Limited gives a solid breakout ... small res at 80 and then 90 may fly all the way to 115+ .. keep an eye on dips to buy

Bata India

-- ready for next upmove ..
-- headed towards 1450-1500 zone in 9-12 months time frame...
-- buy on dips candidate

First Source Ltd. ( FSL)

-- Breaking above 20+
-- in short term headed towards 26 / 27
-- if sustains above 14 may head towards 35+ in 2-3 years

Tata Motors

-- Gives a breakout from recent highs...
-- Move above 400 will take towards extended target of 431.
-- in past have retraced and fallen back from 1.50 Fibo levels..

MRF Tyres

--> breaks out from short term resistance zone ...
--> heading towards 17500-18000 and then towards 21-22k..
--> always a buy on dips for still 3-5x return towards

J K Tyre Ltd

-- structure suggests if lows of 2011 holds in next downtrend it have potential to hit 350-400 and even beyond...
-- breakout above 130-140 zone opens up room towards 200+ in coming year or two..

Escorts Ltd

- Last rally it retraced around 1.38 fibo levels..
- based on same presumption if break out above 120-125 zone will be a multi beggar for 3x returns for a target of 320-350 in coming 3-5 years

Relaxo Footwear

- breaking out above 920-930 zone will have potential to take it towards 1400-1500+ in medium term
- Low volumes in trading

Biocon

long term stock breaking out ... ^ 371 will be fire works...
Buy on dips for 2-3x returns....

Dishman Pharma

Long Term buy emerging .. buy at dips for long term

Ceat Ltd.

suggests a move to 500-600 over coming years... dips should be used to accumulate for longer term time horizon ...