Analysis on PVR Ltd

PVR Ltd is a technically sound company. It is on a bullish trend since June 2011. In spite markets ups and lows the stock had performed well with respect to market.

 The reasons are as follows:

•              Candle-Stick Pattern: we have seen a Morning Star on last Friday.
•       Indicators & Divergence: MACD is about to give a Bullish Cross-over. Along with that we are seeing a Bullish divergence. And RSI is neutral.

•       Moving Averages: All the moving averages are giving a clean way for this stock to sore high. We have seen a golden crossover in September 2011.

•        SAR: we have seen a recent resistance turning as a support @188. The next resistance is at 203 and so on.
•      Chart Pattern: From July 2012 we have been seeing this stock making a Bump and Run Continuation. According to me we are expected to see a 2^nd Bump and Run Continuation.

·         Conclusion: This stock was bullish for a year and it is showing a continuation. The stock is on a bullish run will continue not more that 3-6 months. The stock is at high and expected to make a higher high.

Technical view on ABB Ltd

It is a long time that I left ABB Ltd, I thought it is not having any upside potential. The stock is near to its high and I was looking for a better pattern to form in this stock. During a recent analysis I found some positive potential things which can kick this stock high, and they are as follows:

• Candle-Stick Pattern: On Friday, we witnessed a  engulfing pattern in this stock.

• Indicator&Divergence: The stock price has been making a LH and we are seeing RSI making HH along with that we have seen RSI being sentimental to 30&70% buy and sell levels. Which is an indication that the stock may fall in further days. On other hand we are about to see a MACD zero-line crossover. If we see this happening we may find this stock on bullish side.

• Trend-line and SAR: The stock is having a resistance around 767/823/873 and the stock is having a recent support between 700-710. The trend-line is also posing a hurdle for this stock.

• Fibonacci levels:

• Conclusion: if we seen this stock crossing above 770 we can surly make a profit of 10-12% with a span of 2-3 months. A caution is recommended as this stock is sentimental with RSI's 30&70% levels. we have recently seen this stock above 70%. Have an eye on divergence

ACC Ltd

Since June we have seen ACC Ltd souring high giving a profit around 23%. It is very recent that I saw some unhealthy pattern forming in ACC Ltd as follows

1.      Rising wedge: we are seeing a rising wedge pattern forming in ACC Ltd. We saw a bearish breakout in this stock on August. After which we saw a bounce back at 1290. As per know the stock is in a bearish condition.

2.      Divergence: In spite the stock is making a HH, but MACD as well as RSI is not able to form HH and we are seeing a HL thus forming a divergence in this stock.

Some important supports

Conclusion: The stock is not looking bullish, we may see a consolidation within few days

BOC(I) a Potential Short

BUY/SHORT/SELL-AXIS BANK?

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

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

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” 

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.