Tuesday, September 11, 2012

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



Monday, September 10, 2012

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




Wednesday, September 5, 2012

Breakout in Indicators


We always know that Indicator is the reflection of a price. Whenever we see a Bullish/Bearish Breakout in price we see a reflection on indicators. Yes, we are seeing 2 H&S Pattern here in this stock. But I think the stock may not be able to cross neckline. We have seen a Negative Breakout in RSI.

MY Theory:
The stock is going to consolidate around  770 later it may head to break that Neckline. “BUT NOT KNOW” 


Tuesday, September 4, 2012

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.

Sunday, August 26, 2012

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.  


Tuesday, August 21, 2012

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. 

Sunday, August 19, 2012

Technical View: Mastek Ltd


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