Thursday, September 13, 2012


Axis Bank can be a potentially Bullish, we are seeing a bullish divergence in it. it is not as good as ICICI Bank

Wednesday, September 12, 2012

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

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.