Technicals Call:IGL and ICICI Bank,Aurobindo Pharma

ICICI Bank Formation of Bullish WW in ICICI Bank in this scenario of bloodshed on street.Food Inflation was up marginally and all banks were punished because of fear of rate hike. Buy above 1000 TGt 1026,1049 and 1075 Sl 943 Sell Below 943 TGt 928 and 906   IGL IGL has closed below its 200 … Read more Technicals Call:IGL and ICICI Bank,Aurobindo Pharma

Technicals:NMDC and DLF

NMDC NMDC is forming a converging triangle with trendline support and resistances Buy should be intitated only above 275 Tgt 280 and 285 DLF Limited DLF is approaching its medium term support levels @216 if broken stock will head towards 205 odd Levels Sell Below 215 Tgt 211 and 204 Buy Above 222 Tgt 226.1,228.6 … Read more Technicals:NMDC and DLF

Nifty Positional Trading System Generates BUY

Nifty Positional Trading System As per Nifty Trading system which can be accessed by clicking on above link Nifty has generated Buy signal after Sell was generated @5998 levels. 5 EMA@ 5482 20 SMA@ 5464 MACD is in Buy mode RSI above 50 which if hold nifty rallies The same has been verified in charts,Hence … Read more Nifty Positional Trading System Generates BUY

Trading Calls:IDBI and CBI

Central Bank of India CBI is taking support at its medium term trendline as shown in charts. Weekly chart is forming Hammer and GraveStone Doji indicating downtrend is coming down Buy above 159 tgt 162.6 and 165.5 and 170 IDBI Bank The stock stalled around its 200-DMA and 20-DMA, which is acting as a stiff … Read more Trading Calls:IDBI and CBI

Nifty Technicals for 24 Feb Expiry Week

Nifty Hourly Chart Next week is expiry and accept lots of volatility in Nifty.Nifty expired at 5604 in Jan contract and any close above it in next week will make things bad for bear camp because of simple reason Bears will start coming into loss and Bulls even if gave a liitle bit of support … Read more Nifty Technicals for 24 Feb Expiry Week

Trading Calls:Central Bank,Patel Engineering

Central Bank of India CBI is taking support at a rising trendline @156.65 and facing resistance @161.25 as shown on daily charts RSI is rising and giving a buy signal and MACD is in Buy zone Buy above 161.65 Tgt 163.4,116.9 Sl 160 Sell Below 159.5 Tgt 157.7 and 154.9 Patel Engg Patel Engg looks … Read more Trading Calls:Central Bank,Patel Engineering

Technical Calls :Rajesh Export,ICICI Bank and HCL Tech

Rajesh Export Forming Triple top on daily charts @141.5 MACD also showing positive divergence. Buy above 141.5 Tgt 144.2 and 146.96 ICICI Bank ICICI BANK is forming lower top lower bottom formation  and saw good rally from lows of 950 to high of 1066 which coincidentally is 50 SMA@1062.RSI is also hitting upper boundary Sell … Read more Technical Calls :Rajesh Export,ICICI Bank and HCL Tech

Technicals on IOC and Allabhad bank

IOC(Indian Oil Corporation) As Crude has come down in past 2 days coz of Egypt President handling the power and civil reset calm down in Egypt.IOC should be good beneficiary in crude cooling off. IOC is trading in parallel  channel taking support at bottom trendline and now will head towards on upper trendline around 323 … Read more Technicals on IOC and Allabhad bank