Monday, July 29, 2013

Nifty Nearing crucial level - 5760 make or break level for this upmove

Nifty is nearing 61.8% retracement level 5760. This level will decide make or break for markets in coming days. 

Tomorrow being RBI credit policy day, expect this level for trend continuation or reversal. If this level is held we will head up again. Break below this will be game sign of trend change.

Personally I see this level 5760 holding lets see how it goes :)

Stop Loss for Longs should be 5760 on closing basis and 5745 on intraday basis.

Nifty Daily Chart


 


Sunday, July 28, 2013

HCL Tech - Triangle targets achieved

Buy Recommended  above 806-810 levels for targets 860-880 on July 08, 2013

Link: https://www.facebook.com/photo.php?fbid=10152439773946002&set=gm.569084626465978&type=1&theater






HCL Tech touched 917 in Just 20 days giving a return of  12.3% which was beyond our expectation of 10% return for target 880.... 



Simple and Effective Technical Analysis pay you  big :)

Thursday, July 25, 2013

Nifty -- 5870-5887 is a short term support zone

Nifty 5870-5887 is a support zone which if held there will be a short term uptrend.




Yes Bank -- Say Yes to Yes Bank at 345-380 Band

Yes Bank -- Watch out for major bottom near 345-380 Zone. Accumulate in this zone for 440-450-480 and can do 500 over long term  targets sl 335 





Wednesday, July 24, 2013

Indus Ind Bank -- Long Term Trend line support in the offing

Indus Ind Bank -- Long term support at 410- 420 which also coincide with 50 Week EMA.

Buy With SL 400 on closing basis, Targets 500-530 over medium term.




India Bulls Real Estate -- The Best Pick Of The Real Estate Pack


IBReal Estate -- Weekly close above 82-83 will be strong breakout on weekly chart. 

Stock can do 115-120 in medium to long term. Current Market Price Rs.71.15 SL 68 on closing basis.
 



Axis Bank -- Nearing Long Term Support


Axis Bank -- Blue and Green long term  trend lines suggests stock is nearing bottom between 1080-1120..

Accumulate stock at current price and add on dips to 1090 if comes Stop Loss 1060 targets 1250-1280-1300 in near term. 

    
Axis Bank