Technicals on HDFC,Tata Coffee and Bharti Airtel

By | May 30, 2011

HDFC

HDFC has been taking support from its short term rising trendline(drawn in Red) around 635 Levels.Blue Line drawn shows a classic example of support becoming resistance.

MACD has generated a Buy and RSI showing postive divergence.

Buy above 663 Tgt 669,680 and 690

Sell below 635 Tgt 626,617 and 610

 

 

Bharti Airtel

 

Bharti Airtel has been trading in a small trading range from 363-375 from past 14 trading session as shown in above chart.

After every volatile moves comes sideways move and every sideways move Volatile moves follows

Same is applicable to Bharti in the current scenario. Trade the Range till its not broekn ie.

Short near 375 Sl 378 and Buy near 363 Sl 360

 

Tata Coffee

 

Tata Coffee is on Verge of Breakout in extreme short term. Tata Coffee is trading in a downward trending down channel in short term as shown in Blue channel.

Volumes are point of Concerns as it has been on lower end from past few session.

RSI is showing positive divergence

Buy above 843 Tgt 850,865 and 888

Thanks to HiteshJi for bringing this Stock to Notice.

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