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.

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%