Most of the bigwig IT companies have declared their performance for Q1FY10 and call it muted analysts expectations or improved performance, most of the bigwigs have done well despite the trying circumstances. It started with Infosys which for first quarter of current fiscal posted a 17.2% YoY rise in net profit at Rs.1,527 crore but … Read more IT – IS ‘IT’ SHOWING SIGNS OF REVIVAL?
An excellent case of Multiple tops Recatangular pattern tgt 355 362
SBI The PSU behemoth charts are presented: Technical Observation:Stock is at its resistance zobe of 1740 once thats is crossed can bounce till 1766 and 1793 Support for stock comes at 1672 and if thats get broken can fall easily till 1630 1570 1500
The S&P 500 confirmed the Dow up-trend with a breakout above 950. The index is headed for a test of 1000. Breakout would indicate a primary advance with a target of 1300*, the August 2008 high. Rising Twiggs Money Flow (13-Week) confirms the up-trend. Reversal below 950 is now unlikely, but would warn of a … Read more S&P Technical View
Excide with a sl of 77 tgt 90 Broken the Trend line Aptech 5-13-34 EMA crossover happening possible tgt 184 187 194 sl 167
Hi All, Nifty again moved up by 4% the commencing week. What lies ahead in the store Big Boys RIL and ICICI came up with there respective results on Friday and Saturday. RIL was a shocker on BOttom Line front down 13% and there GRM were poorer when compared to state rum company. ICICI were … Read more Nifty Weekly Technical View
The S&P 500 broke through resistance at 950 to signal a primary advance. Penetration of 1000 would offer a target of 1300*.
Buy Neyveli above 133 for a tgt of 135 and 138 SESA Goa took support at 5 EMA keep a sl of days low ie 224 and go long for atgt of 240 250 260 Union Bank buy if 265 is break and sustained tgt 270 272 Suzlon Shooting candle formed wait for a bearish … Read more Neyveli Lignite multiple tops
Charts speak THousand Words ICICI clear cut resitance at 798 Not able to cross from past many trading sessions Buy above 798 for a tgt of 806 817
Punkj Lloys is showing multiple top formation and a perfect channel Buy above 226 for a tgt of 230 and 234 SL 217 MACD showing positive momentum.