M&M with a technical look

M&M Stock is making a new High and institutional are quiet bullish on it.Looking technically at this stock is taking support at its trend line (Shown as green color in the chart)Stock is an ideal candidate to be bought on dips. But one point of concern is Negative divergence which is observed in RSI and … Read more

Trading Ideas

Maruti Suzuki Unable to cross 50 SMA which is at 1523,If that is crosses can see 1546 1560 and if not can see 1503 1480 1392 RIIL – Buy above 964 Resistance at 993 1042 Suupport at 871 Buy HDFC Bank above 1652 For a tgt of 1670 1686 Support at 1623 1607 Buy Andhra … Read more

Nifty Weekly Technical View

Nifty Weekly 5 EMA is at 4860 Levels which will prove as Resistance as of now. Support at 20 Week SMA at 4700.As mentioned in previous Week 20 Weekly SMA will provide as a support and nifty.Previous Week Post Now looking at the Daily Charts of Nifty, We have closed above 5 EMA but resitance … Read more

Trading Ideas

Support seen at 1536-40.If that is broken 1504 and 1467 Resistance seen at 1604 1641 Nagar Construction Support seen at 143 Resistance at 154 159 165 Buy above 1056 Resistance:1102 1135 1181 Support:1023 977

Nifty Weekly Technical View

IF we take the Fibo retracement Level from the high 5181 and low of 3912 we now stand at 38.2% Retracement level.A Bounce can be accepted till 50 SMA of 4858. Weekly Pivot 4,811 Weekly Resistance: 4,934.5 5,157.0 Weekly Support:4,465.5 4,588.8 20 Week SMA which was Resistance will now become a support lets see?