Monthly Archives: September 2010

BreakOut Stocks:Genius Power,GE Shiping and Honda Siel

By | September 28, 2010

Genus Power and Infrastructure Genius Power a look at daily charts with proper set up tells the whole picture and trading pattern visible in the stock charts Genius is an classic example of support becoming resistance. Stock was taking support at 50 DMA and was bouncing from the same,but as soon as 50 SMA got… Read More »

Breakout Stocks:JM Financial and MIC Electronics

By | September 27, 2010

MIC Electronics MIC Electronics broke out of the one year of consolidation. Today’s volume in NSE was 3 Million shares as against last 10 days average volume of 442,000 Today’s close is above 200 DMA and the breakout is with volumes exceeding 6 times of average volume. Buy for Tgt of 43.3,46.7 and 49.4 JM… Read More »

Nifty and Bank Nifty Weekly Technical View

By | September 26, 2010

Nifty Daily Chart Nifty Daily Charts are displayed below showing the power of money dumped by FII.Its a stellar rally which Indian brouses are seeing.Valuation are moving towards bubble territory as NIfty P/E is at 25.11. FII inflow in September 2010, totaled Rs 17,499.43 crore (till 23 September 2010). FIIs had bought equities worth Rs… Read More »

Technical Analysis on Crompton Greaves,Jupiter Bio and Tata Global

By | September 23, 2010

Crompton Greaves Crompton is trading in a parallel channel as shown on chart. Taking support at lower trendline and taking resistance at upper trendline. Such stock become easy to trade as we can see where they will take support and where they will stall there upmove.MACD is showing positive divergence on Daily Charts. Buy above… Read More »

Technical Calls:BF Utility,Tech Mahindra and NTPC

By | September 23, 2010

BF Utilities Limited BF Utility is at its 200 DMA and i belive stock will show a good bounce after going for around 2 weeks of slumber and decline in trading activity.Technically Stocks looks ripe for bounce. Indicators are in Oversold Conditions and Volume is on decline as shown in above chart. Buy around 967… Read More »

Trading Calls:Fortis Health,Graphite India,HOEL,GAIL

By | September 19, 2010

GAIL Limited Gail is forming an inverted Head and Shoulder pattern on Daily charts with neckline place at 493.If we are able to cross 493 on closing basis GAIL will add another 50-60 points. RSI is below 70 indicating still can be bought MACD is showing positive divergence RSI is below 70 indicating still can… Read More »

Nifty Weekly Technical View

By | September 19, 2010

Nifty Monthly Chart Nifty marched nonstop from 5,640 to 5,900 and as can be seen from monthly chart it has seen a fresh  breakout on monthly charts.Its a blowout rally which is flaring out.Uptrend is expected to continue and volatility may be the order of the day for some more time and hence the investors… Read More »