Showing posts with label Short Term Momentum Call. Show all posts
Showing posts with label Short Term Momentum Call. Show all posts
Thursday, 29 December 2016
Grasim Industries Ltd – On the verge of breakout.
Grasim
Industries Ltd on a daily chart stock price is making higher high and higher
low pattern with increase in volumes, indicate positive outlook for the stock
price. Technically on daily chart stock price at Rs. 843 has touch the downward
sloping trend line any trade or closed above the same stock price can rally
towards previous high swing. Momentum Oscillator MACD has also given positive
crossover, which add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs. 848 for the target of Rs. 1036 levels, with Rs. 800
stop loss on closing basis.
Friday, 23 December 2016
Maruti Suzuki India Ltd – Downward Sloping Trend Line
Maruti
Suzuki India Ltd on a daily chart stock price is making higher high pattern
also stock price is trading above the 20 DMA, indicate positive outlook for the
stock price. Technically on daily chart stock price at Rs. 5193 has given the
breakout of downward sloping trend line at Rs, 5096 level, indicate stock price
can rally towards previous high swing, which look most likely.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 5190 for the target of Rs. 5535 levels, with Rs.
5033 stop loss on closing basis.
Thursday, 22 December 2016
BEML Ltd – Rounding Pattern Breakout
BEML
Ltd on a daily chart stock price is making higher high and higher low pattern
also stock price is trading above the 20 DMA, indicate positive outlook for the
stock price. Technically on daily chart stock price at Rs. 968 has given the
breakout of rounding pattern at Rs, 938 level, indicate stock price can rally
towards previous high swing, which look most likely.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 968 for the target of Rs. 1100 levels, with Rs. 892 stop
loss on closing basis.
Tuesday, 13 December 2016
HCL Technologies Ltd – Symmetrical Triangle Breakout.
HCL Technologies Ltd on a daily
chart price is making higher high pattern also trading above 20 DMA. Technically
on chart stock price at Rs. 801 has given the breakout above the upper trend
line of symmetrical triangle or continuation pattern at Rs.798, with sharp
increase in volumes, indicate rally will continue for the multi month towards
Rs. 847 level.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 801 for the target of Rs. 847 levels, with Rs.778 stop
loss on closing basis.
Thursday, 8 December 2016
Bajaj Auto Ltd– Downward Sloping Trend-line.
Bajaj Auto Ltd on a daily chart stock price is
making higher high and higher low pattern with increase in volumes. indicate rally
will continue towards north. On chart, we witnessed stock price Rs. 2780 has
given the breakout of downward sloping trend line at Rs. 2730 level, show stock
price can rally towards previous high swing. Momentum Oscillator RSI has more
room left on upside, which further add bullishness into stock price.
Friday, 2 December 2016
Eicher Motors Ltd– Closed above 20DMA and 50 DMA
Eicher Motors Ltd on a daily chart stock price is
making higher high and higher low pattern with increase in volumes. indicate rally
will continue towards north. On a chart, we witnessed stock price was trading below
20 DMA and 50 DMA from last 15 trading session but on Friday index has closed
above the same, indicate stock price has find the support level. Momentum
Oscillator MACD has given the positive crossover, which further add bullishness
into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.22760 for the target of Rs. 24000/25300 levels, with
Rs. 22200 stop loss on closing basis.
Tuesday, 29 November 2016
Idea Cellular Ltd– Trend Line Breakout.
Idea cellular Ltd on a daily chart stock price at
Rs. 79.50 has given the breakout of long downward sloping trend line at Rs.
76.50, indicate rally will continue towards Rs. 100 level. Likewise, stock
price is making higher high pattern with increase in volumes. Momentum
Oscillator MACD is heading north to, which further add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.79 for the target of Rs. 100 levels, with Rs. 68 stop
loss on closing basis.
Monday, 28 November 2016
Adani Ports Ltd– Parallel Channel.
Adani ports and special economic zone Ltd on a daily
chart stock price at Rs. 273.40 is on the verge of breakout of parallel channel
at Rs. 274 level any closed above the same, rally will continue towards Rs. 310
level. Likewise, stock price is making higher high pattern with increase in
volumes. Momentum Oscillator MACD is heading north to give positive crossover, which
further add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs. 274 for the target of Rs. 310 levels, with Rs. 262
stop loss on closing basis.
Friday, 25 November 2016
Larsen & Toubro Ltd– Parallel Channel
Larsen & Toubro Ltd on a daily chart stock price
at Rs. 1366 is on the verge of breakout of parallel channel at Rs. 1366 level
any closed above the same, rally will continue towards 1483 level. Likewise,
stock price is making higher high pattern with increase in volumes. Momentum Oscillator
MACD is on the verge to give positive crossover, which further add bullishness
into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.1366 for the target of Rs.1483 levels, with Rs.1318
stop loss on closing basis.
Wednesday, 23 November 2016
Berger Paints India Ltd– Downward Sloping Trend Line.
Berger Paints India Ltd on an intraday 60-minute
chart stock price at Rs.199 has given the breakout of downward sloping trend
line at Rs,190 level, indicate rally will continue towards 243 level. Likewise,
stock price is making higher high and higher low pattern with increase in
volumes. We also witnessed stock is forming a rounding pattern, any break above
Rs.205 price can touch the previous high swing, which look most likely.
Monday, 21 November 2016
Yes Bank Ltd– Lower Low pattern.
Yes Bank Ltd on a daily chart stock price is making lower
low pattern, also it has closed below the 150 SMA, indicate stock price has
lost the support level. Through Retracement stock price has closed below 38.2%
of retracement, now its heading towards Rs.1038 level, which is the 50%
retracement, indicate fall will continue into the market. Momentum oscillator
MACD is heading towards southward direction, which add more bearishness for the
stock price
Trader can sell at Rs.
1115 for the target of Rs. 1038 levels, with Rs 1138 stop loss on closing
basis.
Thursday, 3 November 2016
Infibeam Incorporation Ltd– Ascending Triangle Pattern.
Infibeam Incorporation Ltd on a daily chart stock
price is making higher high pattern, with increase in volumes. Also, we
witnessed stock price is trading above the 20 DMA, indicate stock is well
placed above the support level. On intraday 60-minutes chart price has given
the breakout of ascending triangle pattern at Rs. 970, indicate stock price can
rally towards previous high swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 974 for the target of Rs. 1080 levels, with Rs 930 stop
loss on closing basis.
Tuesday, 1 November 2016
Coal India Ltd– Rounding Pattern Breakout.
Coal India Ltd on an intraday 60-minutes chart stock
price is making higher high pattern, with increase in volumes. Also, we
witnessed stock price is trading above the 20 DMA, indicate stock is well
placed above the support level. On chart stock price, has given the breakout of
rounding pattern at Rs. 328, indicate stock price can rally towards previous
swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.330 for the target of Rs. 348 levels, with Rs 321 stop
loss on closing basis.
Friday, 7 October 2016
Inox Leisure Ltd – Symmetrical Triangle Breakout.
Inox Leisure ltd on a daily chart stock price is
making higher high, also its trading above 20 DMA & 50 DMA, indicate stock
is well placed above the support level. On a daily chart stock price at Rs. 272.20
has given the breakout of symmetrical triangle pattern at Rs. 268, indicate rally
will continue towards north, which will take it towards the previous high swing.
Momentum oscillator MACD on daily chart is on the verge to give positive
breakout, which add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 272 for the target of Rs. 292/310 levels, with Rs.259
stop loss on closing basis.
Thursday, 6 October 2016
Gail (India) Ltd – Rounding Pattern Breakout.
Gail (India) ltd on a daily chart stock price is
making higher high and higher low, also its trading above 20 DMA & 50 DMA,
indicate stock is well placed above the support level. On a weekly chart stock price
at Rs. 416.60 has given the breakout of rounding pattern at Rs. 403, if today
stock price closed above the same then coming week rally will continue towards
north, which will take it towards the previous high swing. Momentum oscillator MACD
on weekly chart is on the verge to give positive breakout, which add more
bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 414 for the target of Rs. 464/480 levels, with Rs.391
stop loss on closing basis.
Tuesday, 4 October 2016
Union Bank of India – Closed near breakout
Union Bank of India on a daily chart stock price is
trading above 20 DMA & 50 DMA, indicate stock is well placed above the
support level. On a daily chart stock has formed the ascending triangle pattern
and its closed near the breakout, any trade above Rs. 154 level stock price can
rally more than 30 percent, indicate rally will continue towards north. Momentum
oscillator MACD on a daily chart is on the verge of positive breakout, which add
more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs. 154 for the target of Rs. 177/185 levels, with
Rs.143 stop loss on closing basis.
Thursday, 29 September 2016
BASF India Ltd – Closed above the breakout
BASF India Ltd on a weekly & monthly chart stock
price is making higher highs and high lows pattern with increase in volume,
indicate positive outlook for the stock price. On a daily chart we witnessed stock
price has given the breakout of cup and handle pattern few days back at Rs.
1177, yesterday stock price has closed above the same, indicate rally will
continue towards north. Momentum oscillator MACD uptrend is intact, which add
more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 1190 for the target of Rs. 1310/1363 levels, with
Rs.1115 stop loss on closing basis.
Tuesday, 27 September 2016
Tata Global Beverages Ltd – Ascending Triangle Breakout
Tata Global Beverages Ltd on a daily & weekly chart
stock price is making higher highs and high lows pattern with increase in
volume, indicate positive outlook for the stock price. On a daily chart stock
price has given the breakout at Rs.144 of ascending triangle pattern and its
closed above the same, indicate ongoing rally will continue towards north.
Momentum oscillator MACD has given the positive crossover, which add more
bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 145 for the target of Rs. 158/166 levels, with Rs.138
stop loss on closing basis.
Monday, 26 September 2016
Indian Oil Corporation Ltd – Ascending Triangle Breakout (Entry Price: 592)
Indian Oil Corporation Ltd or IOC on a daily, weekly & monthly chart stock
price is making higher highs and high lows pattern with increase in volume,
indicate positive outlook for the stock price. On a daily chart stock price has
given the breakout at Rs. 582 of ascending triangle pattern and its closed
above the same, indicate ongoing rally will continue towards north. Momentum oscillator
MACD has given the positive crossover, which add more bullishness for the stock
price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 593 for the target of Rs. 635/648 levels, with Rs.576
stop loss on closing basis.
Friday, 23 September 2016
The Ramco Cements Ltd – Parallel Channel (Entry Price: 618)
Ramco Industries Ltd on a daily, weekly & monthly
chart stock price is making higher high and high low pattern with increase in
volume, indicate positive outlook. On a weekly chart stock price is trading in
a perfect parallel channel, in the channel stock price has bounce back from the
lower channel now its heading towards north to touch the upper channel, which
add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 618 for the target of Rs. 648/664 levels, with Rs.590
stop loss on closing basis.
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