About Me

My photo
NISM Certified Research Analyst & Mutual Fund Distributor.

Monday 18 May 2015

Nocil









The counter found strong support around its 200 DMA on couple of occasions and quickly rebound.  For the last few weeks it has been trading in a broader range of 35 to 45. During today's session the counter formed a strong bullish candle on a daily chart with decent surge in volumes. It also managed to capture its short term moving averages and gave a very powerful close at 43.6.  Other technical indicators turning bullish it seems that the counter is on the verge of commencing its short term uptrend. Initiate Buy 43.6 SL 39 (CLS) TGT 50-55 in a medium short term. 


Saturday 16 May 2015

State Bank of India









The counter seems to have developed a Symmetrical Triangle Pattern on a daily chart with upside break out. During recent past it found support around 259 levels and commenced its northward journey. The counter gained its short term moving averages and most importantly managed to close above its 200 DMA. With other technical indicators looking quite bullish it seems that the counter may continue its northward journey in sessions ahead. Traders can bet on the counter 287.45 SL 276 (CLS) TGT 305-311.

Monday 11 May 2015

Tata Chemical



Enjoyed the ride of Heromotoco or not?


From 2300 to 2404..



Now Tata Chemical looks hot



No Chemical locha...  


The counter found support at its 200 DMA and today managed to close above 20 & 50 DMA. Other indicators turning bullish chance seems very bright that it may continue its northward journey.



Buy 445.75 SL 433 TGT 460-465





Sunday 10 May 2015

Heromotoco.. Reversal on the Card?








The counter has been in a downtrend  for the last few weeks. However on a daily chart it seems that the counter has formed a strong base around 2280 levels below which bears have failed to give close. During last session it formed a Doji Candlestick on a daily chart. On a weekly chart too the counter managed to hold 2250 levels, a strong weekly support area. Though the counter is trading below its short term moving averages, looking at the current chart pattern it seems that the counter may witness relief rally in a near term. At present the counter offers a good risk-reward ratio. Traders can bet on the counter for short term perspective 2300 SL 2250 TGT 2410-2435.







Thursday 7 May 2015

ABB India Ltd



Bharti Infratel from 395 to 422 in just single session..



Yes Bank from 839 to 865..


 Oberoi Realty from 305 to 315 & that too when Nifty was bleeding.... 





Just 


But still searching blogs of multibaggers??



Now go for ABB 


The counter has managed to close above its short term moving averages. Bullish crossover of 20 & 50 DMA may provide room for ample up side. Looking at other technical indicators possibilities of further upside from here in a near future can't be ruled out. Traders can bet on the counter 1376 SL 1315 TGT 1465- 1500















Tuesday 5 May 2015

Oberoi Realty Ltd.





The counter after finding support around its 200 DMA quickly rebound and captured its short term moving averages. It was facing resistance around 305 and failed to cross the said mark on a closing basis on multiple occasions. However today the counter gave a powerful close above 305 level and formed a strong bullish candle on a daily chart. With other Technical Indicators looking quite bullish it seems that the counter is on the verge of commencing its fresh short term uptrend and challenge its previous high. Traders can bet on the counter 305.6 SL 288 (CLS) TGT 335-342.