Monday, May 09, 2016

Larsen & Toubro Ltd

EOD L&T (NSE) chart with possible targets

Saturday, December 28, 2013

ITC Round Bottom

ITC ROund Bottom pattern at a major support level

ITC Round Bottom


ICICIBank has a strong Resistance in 1207 to 1230 band, which was recently visited. The price couldn't go above 1206. The break of Rising Trend Line could take the stock back to three digit levels.


TataSteel Nearing Important Resistance

TataSteel rally that started from 200 levels in August 2013, is now approaching an important resistance level at 448. (CMP: 425). Adding TataSteel to watch list as there could be a good trading opportunity soon. The Red rectangle is an important Weekly Support area.

TataSteel Spot Daily

Tuesday, December 08, 2009

Markets moving Northwards!

The markets closed in red today. It was expected on profit booking after yesterdays nice rally though. 17k on Sensex and 5k on Nifty still holds and positively maintain yesterdays prediction.
Today Nifty closed above 5100 at 5147.95, more than 81 points than yesterdays close. The Sensex also gained 244 points closing at 17227. The Indian stock markets have hovered arounf 17K and 5K respectively for a long time now and have built a good support level I think.

If we close on even higher levels for this week, my guess is we can see a nice run northwards. Any takers to this view?

Tuesday, May 20, 2008

Suzlon Energy: A Stock Ready to Soar

Suzlon Energy after opening at Rs. 305 went as high as 320.85 on NSE. The days trading range was 300-320. It closed at 318.45 which is an intraday gain of Rs. 10.50 (3.41%)

This stock has been consolidating since February and now since last week its showing some momentum with good volumes. Suzlon Energy, after a 1:5 split has touched a low of 186. Technical analysts are seeing a reverse Head & Shoulder formation, which could result in a level of around Rs. 450 in coming couple of months.

This is a great news for me since I'm invested in Suzlon Energy, right from before the split and yeah, even through the bad fall in the start of 2008. So I'm reloading the positions on this one and waiting to get some rewards out of it!
What about you? Do reply with your view

- Happy trading