December 2016

Thursday, 29 December 2016

Grasim Industries Ltd – On the verge of breakout.

Gupta Ghanshyam 02:48:00 Short Term Momentum Call No comments :

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.

Tuesday, 27 December 2016

ITC Ltd – Double Bottom Pattern

Gupta Ghanshyam 03:33:00 No comments :

ITC 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. 234.50 has given the breakout of descending triangle pattern, also we witnessed a double bottom pattern, indicate stock price can rally towards previous high swing, which look most likely. 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. 234 for the target of Rs. 258 levels, with Rs. 222 stop loss on closing basis.

Monday, 26 December 2016

Emami Ltd – Downward Sloping Trend Line

Gupta Ghanshyam 03:19:00 No comments :

Emami 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. 989 is on the verge of breakout of downward sloping trend line at Rs, 990 level, any trade or closed above the same 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 above at Rs. 990 for the target of Rs. 1100 levels, with Rs. 930 stop loss on closing basis.

Friday, 23 December 2016

Maruti Suzuki India Ltd – Downward Sloping Trend Line

Gupta Ghanshyam 02:40:00 Short Term Momentum Call No comments :

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

Gupta Ghanshyam 02:47:00 Short Term Momentum Call No comments :

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.

Wednesday, 21 December 2016

Mahindra & Mahindra Ltd – Downward Sloping Trend Line

Gupta Ghanshyam 02:39:00 No comments :

Mahindra & Mahindra 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 chart stock price at Rs. 1185.10 is given the breakout of downward sloping trend line pattern at Rs, 1168 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. 1185 for the target of Rs. 1300 levels, with Rs. 1140 stop loss on closing basis.

Monday, 19 December 2016

Tata Chemicals Ltd – On the verge of Breakout

Gupta Ghanshyam 03:05:00 No comments :

Tata Chemicals Ltd on a daily chart 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 chart stock price at Rs. 489 is trading near the breakout of downward sloping trend line, any trade or closed above Rs. 491, 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 above at Rs. 491 for the target of Rs. 553 levels, with Rs. 468 stop loss on closing basis.

Friday, 16 December 2016

Glenmark Ltd – Symmetrical Triangle Breakout

Gupta Ghanshyam 02:56:00 1 comment :

Glenmark Pharmaceuticals Ltd on a daily chart 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 intraday 60-minutes chart stock price at Rs. 930 has given the breakout above the upper trend line of symmetrical triangle or continuation pattern at Rs.914, with sharp increase in volumes, indicate rally will continue towards previous high swing.

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. 930 for the target of Rs. 990 levels, with Rs. 896 stop loss on closing basis.

Wednesday, 14 December 2016

Axis Bank Ltd – Downward Sloping Trend Line

Gupta Ghanshyam 02:36:00 No comments :

Axis Bank Ltd on a daily chart price is making higher high and higher low pattern also stock price was trading below 20 DMA from last 3 months, yesterday price has breached the level, and closed above the same. Technically on chart stock price at Rs. 466.55 has given the breakout of the downward sloping trend line with sharp increase in volumes, indicate rally will continue for the multi month towards Rs. 554 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. 466 for the target of Rs. 512/554 levels, with Rs. 442 stop loss on closing basis.

Tuesday, 13 December 2016

Larsen & Toubro (L&T) - Technical Recommendation

Gupta Ghanshyam 03:55:00 No comments :

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector. This firm is likely to show better price performance in near term supported by good fundamentals and technical breakout.

On chart, stock prices are volatile. The stock hit 52-weeks’ high of Rs. 1615 in July 2016, then price revered low of Rs. 1295.10, in the month of November 2016, down by 19.80 percent from its 52-weeks’ high. Currently, stock price is trading at Rs. 1375.20. The stock price witnessed 6.22 percent rise in last month from the initial low. We feel that there is more room left on upside and the rally is likely to continue.

On chart, we witnessed stock price was trading below 20 DMA from last 28 trading sessions but yesterday price has breached the 20 DMA and closed above the same, indicate stock price has find the support level. If today once again price respect the 20 DMA, then most likely it will move towards previous high swing

Technically on a different time scale of daily & weekly chart stock price is making higher tops and higher bottoms pattern. Tracking Bollinger Band front price of. Rs. 1375.20 trading above the mid-band of BB, which will take stock price towards ‘Upper Bollinger Band’ and the bands are widening, indicate ongoing positivity will continue in the stock price.

On a daily chart stock price at Rs. 1375.20 has given the breakout above the upper trend line of symmetrical triangle or continuation pattern at Rs.1369, with sharp increase in volumes, indicate rally will continue for the multi month towards Rs. 1520 level.

The positive crossover spotted in moving average convergence divergence or MACD (a momentum and trend indicator) also suggest the formation of the next big move up in the stock over the next few months. RSI, which indicates inherent strength, it has more room upside, which adds further positivity to the index. Most of the oscillator based indicators also point towards the bullish view of the stock price.

Looking towards the chart pattern and study i.e. Bollinger Band, RSI and MACD, we believe stock price may extend its rally towards Rs. 1520 levels, whereas Rs.1304 will act as a strong support level, which would be on closing basis.

HCL Technologies Ltd – Symmetrical Triangle Breakout.

Gupta Ghanshyam 03:53:00 Short Term Momentum Call No comments :

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.

Monday, 12 December 2016

TCS Ltd– Downward Sloping Trendline.

Gupta Ghanshyam 03:23:00 No comments :

TCS Ltd on a daily chart stock price is making higher high pattern with increase in volumes. indicate rally will continue towards north. On chart, we witnessed stock price Rs. 2210 is trading near downward sloping trend line any trade or closed above Rs. 2216 stock price can rally towards previous high swing. Momentum Oscillator RSI has more room left on upside, 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. 2216 for the target of Rs. 2430 levels, with Rs. 2163 stop loss on closing basis.

Friday, 9 December 2016

ACC Ltd– Downward Sloping Trendline.

Gupta Ghanshyam 03:03:00 No comments :

ACC 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. 1379.15 has given the breakout of downward sloping trend line at Rs. 1342 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.

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. 1379 for the target of Rs. 1497 levels, with Rs. 1335 stop loss on closing basis.

Thursday, 8 December 2016

Bajaj Auto Ltd– Downward Sloping Trend-line.

Gupta Ghanshyam 02:43:00 Short Term Momentum Call No comments :

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.

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. 2780 for the target of Rs. 2920/3018 levels, with Rs. 2720 stop loss on closing basis.

Wednesday, 7 December 2016

Godrej Industries Ltd– Range Breakout

Gupta Ghanshyam 02:52:00 No comments :

Godrej Industries 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 an intraday 60-minutes chart, we witnessed stock price was trading in a rangebound, but yesterday price has breached the level on upside, 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.

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. 400 for the target of Rs. 430 levels, with Rs. 384 stop loss on closing basis.

Tuesday, 6 December 2016

ONGC - Technical Breakout

Gupta Ghanshyam 03:31:00 No comments :

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun. It is a Public-Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. Company is specializing in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. The Group's other activities include deep sea explorations on the east and west coasts of India, and the exploration of coal bed methane. ONGC is likely to show better price performance in near term supported by good fundamentals and technical breakout.

On chart, yesterday stock price has hit 52 weeks of Rs. 299.75, also stock price is up by 20% in last 1 month, looks stock is in spectral uptrend, thus we feel that there is still some more left and the rally is likely to continue. On a different time, scale at daily, weekly & monthly chart, stock price is making higher tops and higher lows pattern and trading above 20DMA (280), 50DMA (275) and 100DMA (255) respectively, suggesting it has potential up move in upcoming trading sessions, indicate positive outlook for the stock price.

Technically on daily chart, stock price at. Rs. 298.75 has given a breakout of rounding pattern at Rs. 297.70 level, and it’s moving towards northward direction, indicate ongoing bullish rally in the stock price, which will take stock price towards Rs. 328, which is 10 percent on upside. Applying other indicator on the chart like Bollinger Band (BB) we find stock price at Rs. 298.75 is ridding the ‘Upper Bollinger Band’ and the bands are widening, thus indicating positive momentum.

Momentum Oscillator, MACD (Moving Average Convergence & Divergence) on higher chart has given a positive crossover art, favouring the bullish view, which could witness the ONGC marching higher.

RSI (Relative Strength Index) 14-week on a weekly and monthly chart are in rising mode and not yet overbought, which has more room left on upside. The 14-week RSI also trade above its 9-week EMA, which is positive signal, indicate better perform in the weeks to come.

If one were to go by the volume data, then more up move seen on the stock price.

Looking towards the chart pattern and study i.e. Bollinger Band, RSI and MACD, we believe stock price may extend its rally towards Rs. 328/348 levels, whereas Rs.285 will act as a strong support level on a closing basis.

Bharti Airtel Ltd– On the verge of breakout.

Gupta Ghanshyam 03:20:00 No comments :

Bharti Airtel 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 is trading near the breakout of rounding pattern, any trade or closed above Rs. 330 level, stock price can rally towards previous high swing level. Momentum Oscillator RSI has more room left on upside, 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 at Rs. 330 for the target of Rs. 359 levels, with Rs. 314 stop loss on closing basis.

Friday, 2 December 2016

Eicher Motors Ltd– Closed above 20DMA and 50 DMA

Gupta Ghanshyam 21:35:00 Short Term Momentum Call No comments :

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.

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