ICICI Bank
After breaking the crucial 200 SMA support stock was pounded by bears and than came the BOR news which gave more reasons for bears to pound the stock.Now we are having a good support at 200 EMA .Stock held support of 810 for 2 days and looks like there is strength is emerging in the Stock.
Technical Indicators MACD and RSI are in overbought zone and a Bounce back from lower levels is accepted.
Buy above 846 Tgt 858 and 878 and 900 SL 806

ABAN Offshore:Traders Nightmare and Stock which can …

SESA GOA

Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts.
We can trade this stock on both upside and downside but as of now RISK to REWARD is on upside.
Buy near360-65 Range targets of 386 and 400
Short near 412 tgt on downside 380 340 in medium term
CIPLA

Stock is hovering around it 200 SMA placed 309 levels.
Now we …

ICICI Bank buy above 50 SMA which is at 938 levels for a Target of 952 and 977
Stock can also be added in Pullback near 913
SBI is facing multiple resistance around 2325 levels as indicated in chart
Buy at pullback around 2300 levels for a tgt of 2348 2378 and 2432 Levels

HINDALCO Industries stock is shwoing godd strength and look like is headed for higher levels.Stock is facing reistance around 180 levels which if crossed and market remains positive we are headed for new 52 week high.
Results to be declared …

ICICI Bank
Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trendline on Upperside than we are bound to see a good upmove in the stock and mometum can lead the stock to touch a new 52 Week High.
Buy around 927-37 range and for a target of 961 …

Sugar Stock have been in news off late with all wrong reasons and have been hammered like anything,But every thing has a botton and i feel technically Renuka is ready for a Bounce small bounce.Lets have look at the technical set up of Renuka Sugar.
As marked in Chart a Blue colored area where Renuka formed a base and consolidated before starting moving up,Currently it is falling slowly and today it has formed Doji Pattern which can indicate a Short term trend reversal.
RSI is showing a Positive Divergence
Trendline Resistance comes around …

Stock is locked in a trading range of  1220 and 1300 and currently at the bottom of trading range,Positive Divergence is observed in RSI.
Trading Levels:

Buy above 1240 for a tgt of 1255 and 1265

Sell below 1215 for a tgt  of 1205 and 1189

Share this:

Educomp Solution:

The top five holdings for Goldman Sachs Invest Mauritius were LIC Housing Finance , Lanco Infra, CESC, United Phosphorus and Educomp Solutions.
GoldMan Sachs was in news for Wrong Reason and we can see a selling on the Scripts Held by the Company.
Educomp Solutuion is showing good support at 100SMA,which i belive will be taken out tomorrow in opening trade and stock will touch 50 SMA after that need to see Price and Volume Action
Short @ 725 Tgt 713 and 692 Sl 742
Jindal Steel and Power:

JSPL is shown the  formation …

HDIL is showing good strength with the increase in volumes and stock is showing trend line resistance,around 308 and 200 SMA lies at 312 So if the stock closes above 312 it can rally till 315 318 and 328 which is 100 SMA.

Share this:

Stock Closed above 100 MA for 3 consecutive weeks and closed above its trading range as shown in the chart above,Stock went above the congestion zone with good volumes and now to confirm it has not made a fake breakout,
Buy the Stock above 526 for a target of 540 and 565
Support for the Stock  at 487

Share this:

Stock is showing consolidation pattern and should be geeting ready for a next upmove.
United Spirits is showing good support at its 50 SMA as shown in charts,showing support around 1330-40 levels.Its is not breaking a certain level in such a weak market shows it has been accumulated by investors and traders.
RSI and CCI oscillators are showing positive divergences.
Looking at the above facts Stock is a buy above 1360 for a target of 1384 1398 and 1430.SL of 1321 should be maintained on all long positions.
If stocks breaks 1321 short for …