Technical Pick: Tata Motors,Bajaj Auto and Tata Global

Tata Global Tata Global has formed a swing high at 153.4, stock has been falling from that level. Today’s fall it took support at falling trendline at 139. Holding the same bounceback can be expected else 130 odd levels are on cards. Buy above 142.5 Tgt 144.5,146 and 149 SL 141 Sell below 139.5 Tgt … Read more Technical Pick: Tata Motors,Bajaj Auto and Tata Global

FII FnO Data Analysis for 08 May trade in NF

FIIs bought 17972 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 540 cores with net Open Interest increasing by31232 contracts. We indicated yesterday FII has again started going long in Index Futures, near our trend changer levels and today also added long .  Great Trader Characteristics Yesterday we discussed based on … Read more FII FnO Data Analysis for 08 May trade in NF

Trading calls:IDFC,ITC and Tata Motors

IDFC IDFC has been trading in small range of 140-156 from past 10 trading sessions, Stock has reached the upper end of trading range and pullback should be expected. Sell below 152.5 Tgt 151.1,149.4 and 146 SL 154 Buy above 156 Tgt 157.4,158.8 and 160 SL 154 Tata Motors Tata Motors bounced from the lower … Read more Trading calls:IDFC,ITC and Tata Motors

Trading calls:M&M,DLF and Tata Motors

M&M M&M stock has been outperforming Nifty and its Auto peers. Technically stock is near its important rising trendline support of 932 coupled with negative divergence in leading indicators.Continuation of this upmove is only above 935, below this pullback till 901 is expected in short term. Buy above 935  Tgt 940,946 and 952 SL 931 … Read more Trading calls:M&M,DLF and Tata Motors

Trading calls:ICICI,PFC and Zee Limited

ICICI Bank ICICI Bank broke its medium term trendline on Budget day formed DOJI candlestick for 2 days and rallied with rest of market in 1 week of march,formed resistance at 50 DMA and gave a pullback.Stock is trading near to its trendline support and tommrow session will be litmus test for the stock. Sell … Read more Trading calls:ICICI,PFC and Zee Limited

Technical Calls:PFC,Dish TV and Delta Corp

Adding to a losing position – Also known as doubling, tripling, quadrupling down, typically, this means that the trader does not want to admit the trade is wrong. The trader’s ego is at stake as the trader is hoping the markets will “work in their favor”. If you are wrong, you have a near 0% chance … Read more Technical Calls:PFC,Dish TV and Delta Corp

Weekly Technical Calls on Financial Technology,IRB Infra,NELCO,Crest Animation and Varun Industries

CREST ANIMATION Crest Animation is having its Borad Meeting on 23 August and if we get some positive news we can accept another 10% upper Freeze. Technically Speaking as shown in charts stock is news its medium term resistance trend line and MACD is giving a cross over making a case of bullish move. Buy … Read more Weekly Technical Calls on Financial Technology,IRB Infra,NELCO,Crest Animation and Varun Industries

Short-Term Trading

ICICI Bank Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trendline … Read more Short-Term Trading

Patni Computer @Higher top formation

PATNI COMPUTER TA

Patni Computers is forming Higher top formation on daily charts and taking trend line support as shown in the charts Attached. Stocks is facing a tough resistance around 530-34 zones and if that levels got crossed we may see a quick move to levels of 542 and 549. Support for the stocks comes around the … Read more Patni Computer @Higher top formation

Chennai Petroleum Technical Study

Chennai Petroleum has been consistently making higher lows (as can be seen in the chart above). It was trading in a range for the last few weeks and has made multiple tops between Rs.253-256.50. The stock seems to be breaking out of this range and looks set to head upwards in the days to come. … Read more Chennai Petroleum Technical Study