Learn The Tricks

Voltas Reversal

2012-02-17T07:18:00.002+05:30

Voltas has given the breakout from the inverted head and shoulder. reversal target of 150 can be given.

Havells breakout

2012-02-01T21:54:00.003+05:30

Havells have broken above 450 level with very good volume support and now the target is 525. One can buy with stoploss of 450.

L&T downward target achieved

2011-12-26T07:06:00.001+05:30

Target for the breakdown call given on 29 sept is achieved. However this does not says that the trend in L&T has turned bullish. But 900~1000 level will see good amount of support.

Gold have broken up trend

2011-12-15T21:56:00.003+05:30

Gold have broken 1600 USD and that means that it is going to cool down. Target 1400 USD must be possible.

Nifty Pull Back

2011-12-03T06:44:00.002+05:30

As given earlier the level 4700 acted crutial for NIFTY. We cannot conclude that the current rally is a reversal of Nifty. But it is surly having the target of 5400.

If nifty goes above 5400 we can clearly say that it has reversed with the tripple bottom but till then 5400 will be the level to watch.

L&T pull back

2011-12-02T22:10:00.003+05:30

Current pull back rally will take L&T to 1395 & 1460

L&T has taken support at 1150~1200 level and have pulled back with good volume. Though there is no clear trend reversal but further downside can only be established if it closes below 1150.

Nifty 4750 critical . . .

2011-11-22T21:01:00.003+05:30

Nifty is having critical support at 4750~4700 level break of 4700 level gives a bearish target of 4200~4000 level.

Raymond double bottom

2011-10-24T07:19:00.002+05:30

There is double bottom reversal in the Raymond and the breakout is with good volume support. One can buy with target of 410 and Stop of 355.

Breakdown in Larsen & Toubro

2011-09-29T11:18:00.001+05:30

L&T have come below the 1400. One can short L&T with target of 1000.

Rural Electric - request

2011-09-25T16:01:00.003+05:30

In general Rural Electric is in bearish trend. However recently there is some buying seen in this stock. There is an OBV diversion which can make this as reversal candidate. I would put it as wait and watch.

Those interested in buying must keep the strict stop loss of 159.

Tata Motors reversal

2011-09-21T07:14:00.000+05:30

As posted earlier that there are quite a few stocks showing the sign of reversal.

These are good sign for the small investors who wants to enter in the market. Now any dip can be used as a buy signal.

Torrent Power Reversing

2011-09-18T17:22:00.002+05:30

Torrent power have now given breakout to give the target of 260. One can buy with stop loss of 220

GSFC Breakout

2011-09-09T07:46:00.002+05:30

GSFC have shown breakout.

Auto stock breaking out

2011-09-07T07:13:00.000+05:30

TVS motors and M&M have given breakout over the mid term trend line.

L&T at bottom of range

2011-09-05T06:53:00.003+05:30

Larsen & Toubro is consolidating and currently has taken support at the bottom of the range. One can buy with the stop loss of 1500 level with the target of 1800. Bigger move is only expected above 1800.

"I Club" investment club

2011-09-04T20:05:00.002+05:30

Friends, I was toying with the idea of having an investment club. While I am still looking out for suitable online facilities. If any follower of this blog is interested in the active participation in such a club you can check the details by looking at this webpage.

I am looking for a member who can actively participate. In case you are just willing to check what is the performance of club's portfolio it will be made available online.

Do comment if you are interested.

Nifty 4800 achieved.

2011-08-20T22:20:00.005+05:30

As discussed earlier Nifty target of 4800 is achieved. This is not to say that the sell off will stop. Nifty closing bellow 4800 means we can see the 4000 level.

Hope that 4800 level will be sustained. . .

Hexaware buy on dips

2011-08-12T06:24:00.002+05:30

Hexaware have given breakout above 80 level with good volume. Now on the reaction it has taken support at the same level. So it is now resistance turning support here. One can buy hexaware on dips with the stoploss of 74.

Suzlon below support

2011-08-11T22:19:00.002+05:30

I had posted earlier Suzlon was a candidate for bullish divergance. I have dropped below its long term support of 43. This indicates the stoploss have been hit and one must exit the stock

Test blog

2011-08-10T16:19:00.000+05:30

This is test blog

Nifty below 5200 not good sign . . .

2011-08-08T21:39:00.004+05:30

As can be seen on the chart there is an ongoing down trend line for Nifty. Also now that the Nifty has broken the support it took at 5200 the next target is 4800.

OBV divergence in Suzlon

2011-07-28T19:36:00.003+05:30

Suzlon counter have seen the buying and now from the chart it seems that there is good amount of smart money buying. There is bullish divergence seen here with OBV.

one can buy on dips or wait for the breakout above 56.

L&T Breakout target 1950~2000

2011-06-27T21:36:00.002+05:30

As quoted earlier 1750 was acting as the resistance in L&T. Now that L&T has broken above the 1750 mark. It is now a bullish signal in this counter and its first target is 1950~2000.

Considering the double bottom at 1480 level this is the trend changing move in L&T.

Nifty broken mid term uptrend

2011-06-22T18:42:00.002+05:30

As discussed earlier I had made some assumption that the long term uptrend is intact till the long term trend lines are intact. Now we can see that there is a break of this trend line and it has happened with some decent volume. So the assumption have been violated. Surprisingly enough NIFTY have still stayed over 5200 mark.

In broad term we must have broken various stop loss if not we must watch for the same as that is the only way to protect the capital. One of the main reasons for this breakdown is Reliance and SBI these counters have seen new lows and have dragged NIFTY and SENSEX into the new bearish zone.

DLF support 210

2011-06-10T07:03:00.002+05:30

DLF can be bought with stop loss of 204 as we can see that there is good support for it at this level.

SBI Target achieved

2011-06-10T07:01:00.002+05:30

As posted earlier SBI was project to reach 2200 and it have achieved the target.

1750 a resistance for L&T

2011-06-10T06:37:00.003+05:30

As pointed out earlier L&T have taken support at 1450 level and now it is at the crucial level of 1750 where there is resistance.

Once closes above 1750 we can see the 1900 level here.

Relook at SBI and L&T

2011-05-18T18:36:00.003+05:30

I had posted earlier about bearish outlook in these counters. Now I am re-looking at them. After the last post both L&T and SBI went down (as predicted) but now these two charts are showing different indications.

SBI after current breakdown has turned very weak and further downside of 2200 can be seen.

While L&T on other hand have taken support at about 1470 level and there is bullish divergence in the OBV. In fact L&T's chart is now a case study for the Acc/Dist and OBV are showing two different view.

Reliance getting Bearish

2011-04-28T20:23:00.003+05:30

Its now head and shoulder in Reliance. Target of 900 can be projected considering the height of the formation.

Nifty honoring the resistance at 5950 level

2011-04-06T22:14:00.003+05:30

As identified earlier nifty is having resistance at the 6000 level.

The longer term trend have now became bullish but at the current level we might have small correction up to 5700 level.

SBI and L&T might not join the party

2011-04-03T17:25:00.003+05:30

Looking at the sell offs in these counter at the higher level we can say that they will not join the bull rally for this month.

Both these stocks in past 10 days went up but final sell off have made new low on the accumulation/distribution indicator. This clearly gives the indication that the bears wore the bulls skin for the last week.

Flag in Sterlite Technologies

2011-04-03T12:02:00.003+05:30

There is a clear rise with gr8 volume in this counter. After one big move there is a consolidation in small range. With the gradual decrease in the volume while it has consolidated it becomes good candidate of flag formation on chart.

Target of about 4 can be given and the Stop loss of 56 can be given.

Nifty range for April 2011

2011-03-28T07:17:00.002+05:30

Check the chart for the range which can be fixed between 5300 and 6000

Ashok Leyland, Raymonds turning bullish

2011-03-27T19:13:00.002+05:30

With current buying seen in Indian market there are many counters turning bullish some of them are here:

Reliance bucking the downtrend

2011-03-16T07:14:00.002+05:30

Reliance have made good double bottom and now have move out of triangle with a good volume support. One can buy with SL of 980 at every dip. There is clear up trend seen in this counter.

Havells HNS reversal

2011-03-03T07:12:00.002+05:30

There is a good breakout in Havells and the inverted head and shoulder formation is seen. Can be bought with target of 390 and stop loss of 315.

Support at 200EMA

2011-02-15T05:52:00.003+05:30

Tata motors have taken support at 200 EMA which is very good sign. Many of the fund managers prefer to buy at 200EMA level. Tata motors have also made double bottom at the 1050 level. Which makes the target of 1350 possible in very short term.

Hexaware is another stock taking support at the 200 EMA

Siting in loss .. ..

2011-02-10T07:15:00.002+05:30

I am a big advocate of stoploss but due to not being deciplined this time i am sitting on more than 20% loss in moser baer.

Refer:
Moser baer post

Stoploss post

5050~5100 must be tough to break. . . .

2011-02-08T22:09:00.004+05:30

I like to draw lines and then make some inferences I am not good at Elliot count and any other advance indicators. So here is my idea about the Nifty using such lines.

Looking at the lines on the all time Nifty we can say there is Big bull run started in the mid of 2003 which had 2 minor landing on the black trendline and 1 major correction landing on the green trendline.

Now that the major correction got completed in 2009 end the next phase of the Big bull run have started and it is expected to have 2~3 minor corrections which will land on the black line. Current correction is the first of the lot and this will take Nifty to 5050~5100 level as can be seen on the 3yr chart below.

By above I expect that Nifty below 5000 is highly unlikely and if it do go below 5000 my all stops would have hit and I will be in 100% cash

ITC reversal with multiple tops.

2011-02-07T07:16:00.002+05:30

ITC have made mutlitple tops at 180 and now have broken the trendline. Reversal target of 145 can be placed.

Punj Lloyd & IVRCL on another friend's Request

2011-02-07T06:59:00.003+05:30

Punj lloyd is in down trend as can be seen in the chart. But for short term might take support at 88 level. One may be able to exit on the bounce up to 104 level. Clear up trend is expected only if it closes able 118 level.

IVRCL have fallen with lot of volume support and is likely to stay bearish. One must exit at any available opportunity.

Moser Baer double bottom

2011-02-01T07:33:00.001+05:30

Many stocks have reached their bottoms during this bull run. They might start reversing from those levels. Moser Baer have made double bottom at 50 which is its 52week low too. One can buy at current level with stop loss of 49.

TATA Steel trendline support 630

2011-01-24T22:38:00.003+05:30

As pointed earlier TATA Steel had made new high. Since the stoploss of 675 could not be sustained I was following it to check for sign to enter. Currently it has taken support at the trendline and one can buy it with the stop loss of 625.

TATA STEEL made new high . .

2011-01-06T22:11:00.002+05:30

Tata steel made a new high with good volume. One can buy with stoploss of 675.

Answering the request

2011-01-06T07:22:00.003+05:30

I got the request to check out these 3 charts from one of the follower of my charts

TCS Resistance becoming support

2011-01-02T13:06:00.002+05:30

Over and above long term strong uptrend. TCS have shown the resistance becoming support. Can be bought with stoploss of 1100.

Raymonds reacted till 330

2011-01-02T13:03:00.001+05:30

After heavy buying interest there is reaction in Raymonds. With double bottom at 330 level
it makes good support.

Wockhardt in reaction complete

2011-01-02T12:57:00.001+05:30

Can be purchased with stoploss of 350.

TVS motors a wide trading channel

2010-12-07T17:58:00.002+05:30

At 76 this counter is very much at the bottom of the trading channel.

One can buy with Stop Loss of 74 and target of 85.

L&T channel support

2010-12-07T17:55:00.002+05:30

Current bounce of L&T from 1900 level validates
the channel in the counter

One can buy L&T with the Stop Loss of 1900 and target of about 2300.

Reliance heading for 1150 resistance

2010-11-10T07:08:00.002+05:30

1150 is a long time identified resistance in my earlier post

Might break the support this time but lets wait and watch.

Double bottom in Bharti Airtel

2010-11-09T22:56:00.003+05:30

Double bottom is identified in Bharti Airtel.
This makes 318 as tough support for this stock.

If it closes above 345 this stock will confirm the reversal.

Moser Baer breakout

2010-09-22T18:45:00.003+05:30

There is good buying in Moser Baer. You can see the
breakout from the down trend. short term target 76
will be achieved very fast.

Nifty target 6350 . . .

2010-09-21T07:52:00.002+05:30

Considering the breakout with good volume support target of nifty can be considered as 6350.

Nifty 5550 acted as resistance

2010-08-27T06:51:00.002+05:30

As given in last post Nifty have reacted from 5550 level. Now there is chances of support at 5450 level else Nifty will slide upto 4900.

Nifty at near the roof of the channel

2010-07-24T07:08:00.003+05:30

As posted in my last views on Nifty there is a channel in nifty on the yearly chart. So projecting the same channel you can have the 5550~5650 level acting as the resistance to the Nifty.

TATA Steel reversal

2010-07-22T07:14:00.002+05:30

There is inverted head and shoulder pattern identified in TATA Steel.
With this pattern target of 570 can be projected.

Rajesh Exports reversing . .

2010-07-18T19:33:00.004+05:30

Rajesh exports is showing sign of reversal.
with the inverted head and shoulder seen
in this counter.

Reaction in May was with very low volume.

IOCL reacted and buying opportunity

2010-07-18T19:21:00.002+05:30

As identified earlier there was an up trend
in IOCL. After some amount of heat this counter
have reacted with low volume. This shows on
On Balance Volume (OBV).

IOC and can be bought with stop loss of 355 level.

United spirit reaction complete

2010-07-14T22:57:00.004+05:30

As suggested earlier in April this stock went into down trend
now currently it has completed this reaction.

If this stock can break and close above the current resistance of 1325 level
it can move up to 1500 level in next 2 months.

Maruti breaking the downtrend

2010-06-28T17:29:00.004+05:30

As opposed to RNRL Maruti have dogged the falling trend. As can
be seen from the chart Maruti have broken the roof of the
falling trendline. This is done with more than avg volume hence
one can say that the down trend is over in this counter.

Merk showing bullish trend

2010-06-28T17:21:00.002+05:30

One can see that Merk is trading above its long term resistance and have

done this with convincing volume. One buy with stop loss at 700 level

RNRL at the resistance

2010-06-28T17:16:00.002+05:30

At current level of 70 RNRL is at the long term resistance. We can

become bullish only if it breaks this resistnace line.

L&T breakout

2010-06-27T17:55:00.002+05:30

As said earlier most of the heavyweights are trading bellow
their long term resistance. However you can see from the
chart that L&T have broken above 1750.

This makes 1900 and 2100 as next traget.

Movement in IOCL

2010-05-30T19:54:00.004+05:30

IOCL have started moving up and there is good trend indication
of channel formation in this counter.

Can be bought with stoploss bellow the bottom of channel. (currently 325)

Reaction turning support in Fed Bank

2010-05-30T19:48:00.002+05:30

There is good bullish indication in Fed bank. Resistance have
turned out to be resistance and there is good volume during up
move.
Can be bought with stop loss of 300.

Ballarpur reaction complete

2010-05-30T19:33:00.004+05:30

As posted earlier Ballarpur had moved dramatically after breakout.
After the up-move it reacted with low volume (good sign). Now there
are signals of completion of the said reaction.

One can buy with stoploss of 29.5

ABG Shipyard at bottom of channel.

2010-05-19T18:06:00.004+05:30

Poised at the bottom of the channel is giving
good risk to return ratio.

Buy with stoploss of 239.

Reliance has trendline support

2010-05-17T20:29:00.002+05:30

Reliance had taken support at the long term trendline on the good news from court's decision.
As noted earlier 1150 is still the roof which needs to be broken.

This makes Reliance a gr8 trading candidate with the stoploss of 960 and target of 1150.

TATA Motors breakout

2010-04-30T22:31:00.005+05:30

Earlier pointed out that some of the heavy weights were at resistance
Tata Motors has broken that resistance. This makes it bullish.
Tata motors have made new yearly high with decent volume. It had crossed the
resistance line.

Breakout in SBI

2010-04-24T16:14:00.002+05:30

There is clear breakout in SBI counter and target of 2500 can

be easily achieved. StopLoss is around 2100 level.

View on NIFTY

2010-04-18T11:31:00.003+05:30

On quartery basis if we look at the trend in Nifty
it can take some support at 5225 level.

However on the half yearly basis if we see Nifty has
hit the major resistance at 5375 level

Quartly range of 5375 to 4800 can be expected unless NIFTY
closes above 5400 convincingly.

United spirit at long term support

2010-04-15T20:54:00.002+05:30

As identified in sept 09 united spirit took support on the trendline. Stock was still trading above the same trendline in March 10. However today's fall have brought the stock to the same trendline.

Further fall in this stock clearly means the stoploss have been broken.

Reliance 1150 critical resistance

2010-04-11T19:50:00.002+05:30

Earlier Posted that there are many heavyweights are at resistance
Reliance on the longer term charts says 1150 is also a critical
resistance.

BHEL showing bullish signal

2010-04-11T19:33:00.004+05:30

Most of the heavy weights are at there resistance as posted earlier.
BHEL is making new high. With the Resistance making Support its good bullish sign.

Proposed stoploss levels are 2450 & 2350. Considering overall market
heavyweights have not moved and given breakout BHEL can go either
way.

Ballarpur in triangle

2010-04-04T16:38:00.002+05:30

A good triangle consolidation is seen in
Ballarpur close above 28 will give target of
32.

ABG Shipyard at support

2010-04-04T16:35:00.002+05:30

After strong buying and reacting this counter
is at support. Currently at 260 and Stop Loss
of 250 gives good risk to reward proposition.

TVS motors Breakout

2010-04-03T18:59:00.003+05:30

As posted earlier Nifty along with heavyweights
are at their resistance. BUT
Currently trading above 80 TVS motors have
given good breakout with decent volume.

Stoploss of 80 is must since if there is correction in market
this stock might also suffer.

Heavy weights at major resistance

2010-03-31T09:35:00.005+05:30

Along with nifty there are many heavy weights
which are at their long term resistance. If they closes
convincingly above these resistance they can give
another bull run.

Larsen & Toubro : 1750 is resistance as posted earlier.

Reliance have heavy resistance at 1125~1150 level
unless it closes above this level bull run will die in
this counter.

ACC resistance at 1025 level

Tata Motors 825 resistance

the big question is
WHERE IS THE MONEY?
to take theme above these levels.

L&T tough resistance of 1750

2010-03-30T22:05:00.006+05:30

As suggested earlier there was weakness spotted in L&T. But with
sentiment this stock has come up to its long term resistance level
of 1750. Any new bull run is only expected if it closes above 1750.

StopLoss of 1600 is suggested.

NIFTY 5300 is back.

2010-03-27T16:54:00.003+05:30

Nifty has this level very critical.

Above 5300 its next bull run but it
will be tough for nifty to break it.

It has come from this level down last time
in jan 2010

IFB Industries consolidating

2010-03-21T18:58:00.002+05:30

There is good amount of buying happening
in this counter. One can buy at stop loss
of 80.

Trend line in Fed Bank

2010-03-19T21:33:00.003+05:30

There is a good buying interest in Federal bank. You can see there is a trendline and also good increase in OBV.

Up trend in United Spirit

2010-03-19T21:26:00.002+05:30

There are 2 trend lines in making in united spirit counter. Short term Stop Loss is at 1350 level. Long term trendline gives 1250 as support.

KLG 120 chance of double bottom

2010-03-17T21:53:00.003+05:30

KLG is providing a good risk to return proposition. Current price is 124 and Stop Loss at 120 means risking @4%.

Chance of reaching 150 are good. Also close above 150 will mean trend reversal in this counter.

Double top in Tata Motors

2010-03-14T17:01:00.002+05:30

Tata motors have shown double top pattern
giving 850 as a tough resistance.

Reliance OBV dropping

2010-03-14T16:40:00.003+05:30

Reliance could not break above 1200 (2400 pre split)
as pointed out earlier .

Currently stock is making higher bottoms but the
OBV (On Balance Volume) is dropping.

This drop in OBV means that stock might not sustain the current
900 levels.

Tata Steel showing weakness

2010-02-09T06:56:00.003+05:30

Tata Steel have broken the support and there is also
a volume increase on the break of 540 level.

L&T broken crutial support line

2010-01-22T07:55:00.004+05:30

You can see the support line not broken in more than 6 months
have been broken with very heavy volume

1300 and 1100 can be considered as next possible support

ACC having bull run.

2010-01-18T07:13:00.003+05:30

There is good buying interest in ACC
as seen from the chart there is a good
formation of channel and all the volume
peaks are seen on the day when the stock
have good rise (ie white candle).

one can buy for 2~3 months for good returns.

Nifty 5180 tough to pass

2009-12-19T13:11:00.000+05:30

As you can clearly see there are multiple tops in nifty at 5180 making it dificult to pass above it.

Reliance Long term resistance

2009-11-22T15:41:00.002+05:30

Check following chart of reliance which shows that

there is long term resistance line which gives

resistance at 2250 level.

It should take support nr 1800 level.

L&T showing weakness

2009-10-25T13:34:00.003+05:30

L&T has fallen with good volume support this is clear sign of weakness on the
counter. Next 3 months can show 1400 levels

Mc Dowell at trendline support

2009-09-11T17:28:00.004+05:30

As per my last post the McDowell (United spirits) have now landed

at support one can buy with Stop Loss of 860

Rolta & United spirits : Channel & Buying interest

2009-08-30T09:49:00.004+05:30

Bellow are charts of Rolta and United Sprit.

While Rolta is near the top of channel and United spirit is near the bottom of the channel.

By this we can see that United spirit provides better risk to return ratio as comparred
to Rolta. While both are in the up trend. We can keep watch on both of them

Budget sell off is serious . . .

2009-07-07T21:15:00.002+05:30

One can see that the budget day selloff was with handsome volume.

Next day reaction was just technical. It is advisable to keep tighter stop losses and sell in case the stop losses are hit.

Reliance 2400 resistance

2009-06-12T23:01:00.003+05:30

As discussed earlier 1800 level was the target which was achieved. With the election day's euphoria Reliance did make a very critical high just bellow 2400.

Also the next day -off was with heavy volume this confirms that the 2400 is THE resistance.

Also it can be seen that it never managed to close above 2400 for about 1 month now.

One can be bullish on reliance only if it close above 2400

Reliance might be party to breakout. . .

2009-03-29T17:12:00.001+05:30

Its above the resistance at 1450 level.

New target could be 1750~1800 level

Nifty Breakout . . !

2009-03-28T17:18:00.003+05:30

Seems true . .

Nifty have given good indication of breakout I am
still waiting for it to close above 3147 (7th Jan 09 high).
If Nifty manages to close above 3150 we have chance of
good rally upto 3600.

I am now searching for the stocks which would have a breakout pattern.

Bulls might have some good time. Cheers

L&T Trying the top of the down channel

2009-03-28T17:06:00.002+05:30

It seems clear that L&T will hit the top of

the channel. More uptrend is possible only with

the break of the top of this channel.

Present target on this channel is @715 level.