Technical Analysis on Request: Andhra Bank

Kindly look at corrections

Resistance as good support

My 1st Target is at 130

It is "Falling Wedge" and MACD about to cross zero-line 

Tata Steel: It’s again. I AM RIGHT

I have been saying again and again. Gaps are playing games. In spite my analysis gave whopping returns of +45% which was unexpected as per my analysis.

Later, I came with a new prediction that Tata Steel is going to fall. As there was a good sentiment in the market, the stock was successful filling the gap again. After which we saw the stock with a reversal and carrying a sideway pattern.

What’s next?

The stock is not technically strong and I am looking for a support as per the above chart. It will to too early to say anything before we see a pattern.

Moving Average Crossover Divergence is about to make an another bearish crossover

My articles on Tata Steel

1. Tata Steel: Waiting for a fall(5th March, 2012):Click hear
2. Tata Steel:Tata Steel: Regular Bullish Divergence(29th December,2012): Click hear

IVRCL: Not my bet!

Recently IVRCL stated showing sign of a possible reversal. I am sticking to my point saying “the stock is not having any potential to make a higher high.”

 We have seen correction more than expected. Which is eventually had affected the growth wave.


"Even though we have seen a bullish crossover(MACD) I stick to say, the stock have lost the potential  to mover higher."

 Last link on IVRCL:Click hear

IVRCL Ltd: Technical View

Forming Rising wedge

"Trend is your friend"

"What if it break trend?"

Technical Analysis : Thermax, ABB Ltd and Axis Bank

SENSEX: All iz will

SENSEX: Some Interesting Facts

From very long days this support is working very crucial all the time. Before market makes a big move we have seen this type of violation as I have pointed it on my charts. I am bullish on market until the market maintains a bullish trend. Recently MACD was unable to give a positive signal, yet I am bullish because I feel market is likely to follow trend line. 

Tata Steel: Waiting for a fall

It was a shear “jack-pot” I never thought Tata Steel will be able to cross the gap. I never thought it will be able to cross 400 levels..  

Gaps are still playing there game

  

What’s next?

Sri Renuka Sugars

Predicting market isn’t “butter chicken” these days. But I have tried my best to answer your quire "What a student can answer" .. I have given you some levels which are going to be major supports and resistance (some magical levels which are going to be good tops and bottoms).. As you can see the stock had performed bad more than expected..

Right know I want to be neutral on Renuka sugar because MACD have shown bearish indication but, it can make sudden bullish indication.  After stock crossing 51 levels it is having multiple resistances.   

I am not “shy” to use the world “only a god can predict this stock”.. Apart crossing 100D-MA there is nothing positive about this stock..  More over all, market sentiments can change anytime. There is a kind of risk factor..

Note: Don’t buy/ sell any stock on recommendation from friends/relatives/a student like me.. Go with a proper analysis, risk reward ratio and most important a GOOD STOP-LOSS.

Chambal Fertz: saw a sudden reversal

In recent days Chambal had shown a negative cross-over by crossing 100D moving average.. later we have  witnessed a sudden reversal.  

Right know after seeing a reversal we are looking a breakout, 95.55 is standing a major resistance for Chambal Fertilizer & chemicals. as per know Chambal opened with a gap later it filled it.. it is pretty risky, better to hook after a breakout

LNT

My support for LNT is "around 1100"

My Magical Supports for ITC

ICICI Bank:Hanging Man

ITC LTD

ICICI BANK

ITC: is thr any breakout?

Geometric Ltd: what did i say?

i had informed everyone that we will see a reversal. i had told this "not once but twice".

What did i say?
It is around a month i had told that Geometric Ltd will go into a correction and head for a higher high. yes my dear friends i was right and the stock moved as i had predicted.

What's new?
there is nothing new for know. nor i had posted this to predict a reversal nor continuation. just to say that i am right.

Tata Motors: Breakout in Symmetrical Triangle

 I was looking for this for more than 15days month. Know we have seen a positive breakout in the Symmetrical Triangle. As this is my 1^st time working on symmetrical triangle I don’t want to take any risk. I have gone with a stop loss of 184 and hooked Tata Motors

I have started working on targets.

“I hope my measuring technique is correct. I feel it’s better to use fib lines to identify the resistance of Tata Motors” 

Tata Steel: Regular Bullish Divergence

No one trusted me when i told i found a reversal. I am still bullish. the reason to be bullish is because we have seen  some divergence in TATASTL. we may expect some positive sentiments in market.  

Hear tata stl is making LL, but MACD is making HL. As the divergence is not strong. we need to play with "Caution" 

statuary warning: Go with a Stop Loss. As I have told you "I am not playing for Profit, I am playing for my EGO". profit doesn't matter. you are picking a stock with downtrend. so risk is very high.

Tata Steel: Updated Version

Hello friends a month back I have spotted the reversal and told you that I am “neutral” on buying Tata Steel. There wear many reasons to be neutral. But I have told you that “Tata Steel is in a downtrend, and follow the channel”. Tata Steel doesn’t reach your support and resistance. Thus caused a bit nervous and confused but, I was right saying Tata Steel in downtrend.

Today I am once again back saying I have once again spotted a reversal. This time it’s not “Profit Factor” it’s “EGO Factor”.

This time I am playing Tata Steel with targets of 370/375/380+. SL 340

Note: When you are uncertain in buying any stock “Never Buy”. It not only creates confusion, it leads you in a state of “Panic”, which cause you to make low profit, sometimes loss. I have avoided Tata Steel as was not confident in buying.