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+