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.