Technical Calls:Maruti,TCS and Axis Bank

By | January 2, 2012

Maruthi Udyog

 

Maruti is forming descending triangle formation with support at 911.Break of 911 will lead to further weakness in Maruti .Close below 910 will lead the gap filling of May 09.

Gap is present from 848-910,Close below 910 expect the stock to move till 848 within this week.

Sell below 910 Tgt 900,894,877 and 848

If 910 Holds some how

Buy above 923 Tgt 935,951

 

Axis bank

Axis Bank has been on waterfall decline 1600 to low of 803 which is almost 50% decline.Stock is near its strong support level 796-800. Holding the same some relief rally can occur,failing to do the same axis bank will fall till 700 odd levels.

 

Buy above 812 TGt 822,837 and 846

Sell below 802 Tgt 796,788 and 780

 

TCS

TCS India’s Most valuable company is looking week on chart as its unable to cross above the cluster of resistance between 1185-1190. Broke the trendline support marked in PINK line. On Friday closed below the 20 SMA also.

Sell below 1156 Tgt 1140 and 1124

9 thoughts on “Technical Calls:Maruti,TCS and Axis Bank

  1. Bramesh Post author

    Dear Sir,

    Trading requires to trade on system with trading levels. Everything is visible on charts breakout/breakdown rally and correction. All one need is to trade on his system or learn from professionals.

    Rgds,
    Bramesh

  2. akshaya

    What about the market breakdown on 6-1-2012 ? Whyanyone couldnt predict it? Nifty was above 4740 on closing basis on previous day.Fall in Europe was absorbed by the market on 5th.News of USA was possitive.Ruppy was in a improved mode.OI data in NF was more at 5000 and 5100.Why then the market crashed? KINDLY give a clear solution so that an rdinary indian can understand.

    Regards

    AKSHAYA
    BHUBANESWAR

  3. shiva

    Bear hammering on Axis Bank has beeen savage
    inspite of excelkent. financialx, fears of asset quality are rumored with eye on short sale
    this. stock will pick up. Target 1400

  4. akshaya

    Dear Sir

    So quick responce? Wonderfull. I shall go through the recommended site
    mindfully and shall request you for clarification if needed. You are such a beautifull person to help others .May SAIBABA bless you and your family.

    My regards.

    Akshaya
    Bhubaneswar

  5. Bramesh Post author

    Dear Akshyayji,

    Thanks a lot for your wishes.

    Wishing you a happy profitable and prosperous new year.

    We trade on our pre defined system of which we call as a Quadrant System for trading Intraday. I do provide training on this. If you want to know training details you can mail me.

    There are already articles present on site for Pivot trading, For you convince i am sharing the links here

    Caramiila Pivot Point

    Auto Update Pivot Points

    Pivot Point Trading

    Rgds,
    Bramesh

  6. akshaya

    A few days back I had requested you to comment about different types of pivot points and to guide us as to the type of formulae which is best to follow in daytrading. May be you are busy or on holiday like FIIs.Will you take care of my query now ?

    My best wishes to you for the new year.

    akshaya
    bhubaneswar

  7. Bramesh Post author

    Dear Kumar Sir,

    It was my pleasure to see your comment on my site. Thanks a lot for your warm wishes.

    Your guidance helps us a lot. Thanks a lot for everything !!

    I wishes you the best in professional financial and personal life.

    Rgds,
    Bramesh

  8. Kumar

    Dear Brahmesh!

    Happy new year to you too. It was nice experience to see your comment on my blog, thanx for visiting & posting.

    Rgrds,

    Kumar

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