BOC(I) a Potential Short

Breakout in Falling Wedge, Ashok Leyland

It’s a couple of weeks ago I had told you regarding a Falling wedge pattern forming on Ashok Leyland along with divergence. We had seen a Breakout yesterday, I expect a rally.   

The Resistance are as follow

Previous article on Ashok Leyland: Click Hear

Praj Industries, Bulls Waiting

It’s a long downtrend for Praj Industries one of Rakesh jhunjhunwala stock. After a long fall I just spotted a Divergence in this stock along with few attractive things, RSI is below 30 and MACD is about to make a Positive crossover. Market sentiments on this stock isn’t so good but worth caching it above 45 for a long or medium term

 For me 50/57/67 look good resistance for the stock

Tilaknagar Industries, Technically Strong

We have recently seeing a Regular Bullish Divergence in RSI along with it we are seeing a Bullish Crossover in MACD. For Tilaknagar Industries there is a good resistance at 46, so we can take it as a conformation and start hunting for this stock.

The Targets for the stock are as follows

Three reason, why Tata Steel look attractive?

Reason one: Recently we have seen Tata Stl making a bullish engulfing

Reason two: RSI is giving a buy signal

Reason three: Divergence in both RSI and MACD making this stock an attractive one.

Ashok Leyland, a falling wedge

After witnessing Ashok making some lows, I smell some bullishness in this stock. It is recent; I have spotted a falling wedge formation along with a divergence forming. According to me, Ashok Leyland is going to make a new low then will get ready to shoot high.

We have recently seen MACD making a negative crossover and RSI giving a buy signal.

Conclusion:  wait till pattern complete, look for divergence.  

Eye on Tata Moters

After Tata Motors tumbling down we saw it taking a reversal and know currently ruling between 203-247.  It is a one of the important day for Tata Motors, today. If Tata Motors is able to cross 247 we may see the stock heading towards 274. 

Technical View: Mastek Ltd

The company is bullish and look attractive. The company had recently broken one of its resistance and heading high. My 1^st target is around 190 and 2^nd at 210.  The company is expected to give a profit of +20%

Technical View: Syndicate Bank

Syndicate Bank is seeing attractive compared to stock like SBI. Technically, MACD is about to make a positive crossover. The resistance at 98 is causing little hiccup rest. Secondly, we have seen little violation in trend line.  

If syndicate bank is a bet know, it may help fetching some at least 9% profit.

Technical View: Bharathi Airtel

Bharathi Airtel looking too week is in a down trend, but on a keen observation I found every time it make a new low we saw a consistence throw back giving a profit of 12-23%.

Smart traders can make profit “Holding a falling knife”

*T&C APPLY 

TA on Request: Jain Irrigation

Jain irrigation according to me doesn’t look profitable and lack with upside potential. When I look over technical it is not bad until and unless it is below 76, if Jain irrigation manage to come below 76 it is going to break the latest bullish trend.

Jain irrigation is having a support at around 74-75. If it fails to manage that support. It is going to follow the downtrend as shown.

  

Additional Information:

Jain Irrigations Ltd: JPMorgan has an underweight on Jain Irrigation and they have slashed the target to Rs 65 from Rs 105. The revenue flow from their micro irrigation business has started to shrink and the balance sheet matrix has not shown any improvement. As a result the debt on the books remains high.

Source: Economic Times 

TA on Request: RIL

The reason why I asked you not to sell Ril?

According to me you made a quick hurry. Reliance had just crossed one of its resistance. I had told you it is having potential to yield you minimum of 7% profit. Today reliance traded with a pretty good volume

Technical View: Rcom

After looking around 10 trading days I think Rcom has finally found its support. Yesterday, we witnessed a MACD crossover. According to me RCOM is looking a “Technically best buy” at these levels.

TA: Nifty & Bank Nifty

Bank Nifty

View on Nifty

Some important support for Nifty

Technical view: ACC Ltd

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