DLF has found good support at 300 from past few trading seesions. This support should hold as RSI is showing positive divergence and MACD is about to come in positive zone. If 300 breaks than accept a quick move till 287 levels. Long should be initiated at 300 for a tgt of 314 322 and … Read more DLF Technical Outlook
Nifty after showing a late and well awaited 1.5% move today in dying hours of trade took everyone by surprise. Now as per the current technical trend we are on a crucial juncture of trend change in coming 2-3 trading sessions. From High of 5309 to 4675 if we calculate the Fibo Retracement:5 WEMA at … Read more Nifty Entering Resistance Zone
Bharat Forge taking multiple support at 243 levels during the recent months and now again its coming on the same levels.IF this time it holds that we can see an up move till 251 258 and 262 levels in very short term and if it breaks that we can see levels till 240 236 and … Read more Bharat Forge at Support Levels
Tata Steel is close to its Trend line Support where it has taken support 3 times in previous fall.525 is an important level to watch >ig that get violated on closing basis we are heading towards 506 and 479 Levels.On Higher side will face resistance at 540 and 552.
Nifty Daily Charts is attached as above: Nifty showed a bit of resilience on Last Saturday special trading session and closed with a 1% of gain.We look quiet oversold on Daily Charts as per MACD and RSI. Now immediate support for Nifty comes at 4692 the low of Friday and Immediate resistance at 4832 Higher … Read more Nifty Weekly Technicals
Hi All Readers, Bramesh’s Tech achieved one more milestone last weekend.We are now having our own site http://www.brameshtechanalysis.com/.The Sole motive remains the same, to serve people and make them earn money. This step has given me more freedom and allowed me to flex my hands in adding new functionality to the site and serving my … Read more Bramesh’s Tech one Step Forward
ONGC on Last friday closed below its 200 DMA which stands at 1114.A stock which closes below its 200 DMA comes under Bear’s attack on every pull back. We need to watch for how many days ONGC closes below its 200 DMA,as if it recovers in coming 2-3 sessions than we can consider this as … Read more ONGC Breaks its 200 DMA
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Nifty after making a low at 4814 for 3 days in a row than feeling Resistance now at 4950 levels,As a common saying in Previous support become resistance it is proved again in charts shown above.But it would be a good to be on long side as FII bought heavily in Index Futures today in … Read more Nifty will 4950 will be elusive?
These type of trades are easy to trade as breakout has happen wait for stock come to support level of 123-25 range or let it cross today’s high of 132 and it will brezze for a tgt of 136 140 and 148 in this week