Tag Archives: Trendline

Nifty Weekly Technical

By | April 11, 2010 6:56 am

Coming week will be a a crucial week for markets, as IIP-data for Feb.2010 will be announced on Monday 12th Apr, consensus estimate is 15.75% as compared to 16.7% previously. Lower IIP for feburary could prove to be a dampner. Following day on Tuesday 13th Apr, IT major INFOSYS will kick-start earning season for Indaian… Read More »

NMDC Technical Analysis

By | March 30, 2010 2:24 pm

NMDC has been in news for all wrong reasons in coming few days and stock took severe beating starting from 500 levels to around 280 odd levels in around a month time frame. Looking at the daily chart of NMDC stock looks quiet oversold on charts and bounce back to the channel top is immmenient.… Read More »

Nifty Weekly Technical View

By | March 28, 2010 1:52 pm

Nifty Weekly Technical view is present as below: 1. Market are showing good strength and trading well above 5 EMA. 2. RSI is showing negative divergence 3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290 4.Nifty is moving in a channel and will find support… Read More »

ICICI Bank Break of Symetrical Triangle

By | February 1, 2010 7:00 pm

The candlestick on the daily charts indicates an‘Engulfing Bull’ characterized by a large white real body engulfing a preceding small real body, appearsduring a downtrend which is an important bottom reversal signal and a implies a comeback by bull. It signifies that the downtrend is now losing momentum and the bulls started to take the… Read More »

Strides Acrolab showing bullish moves

By | January 31, 2010 7:59 pm

Strides Acrolab is showing good moves and is showing bullish channel from a low of 154 to a high of 312.Stock is trading above its 5 EMA and takinf support at 20 SMA which is being shown in charts as above,Stock is a buy on dip canditate. It faces channel resistance at 288-92 range.Once that… Read More »