Update

BHEL looks good. Wait for targets. 

Indian overseas bank And BHEL

Hi investors,

Two stocks both Indian Overseas bank and Bhel.

Indian Overseas Bank:

It is near resistance and after it breaks it can go high. 200 day average is also near for breach. So buy it after 53 and more after 200 day average breach.
Target: 60
SL: 49

BHEL:
Bhel also on breakout. And acc. to RSI looks like BHEL have some juice remaining.

Target: 205
SL: 165

Updates

Market may move down further to stabilize at support. Many stocks are showing breakout but let them cool down at support. 

Keep an eye on raymond.

Nifty may go down tomorrow!

Nifty may go down tomorrow! Keep out of longs!

Raymond and ITC

Hi investors/traders,

I am back after a week long break. Nifty is acting on support and resistances. Ranbaxy jumped as I predicted in last posts.

Some new stocks to lookout for future:

ITC: ITC is on edge for quite a few time now. Looks like it can go down if it breaks 310 with good volumes.

Target: 295

After break keep SL of 313

Raymond:

Raymond showed good volumes and looks ripe for good "cup and handle" breakout! It may take time to break out above 295. Considering clothes industry is doing good taking Bangla conditions. It can jump considerably till 320. Keep tight target of 310 after break out. And SL: 387.

Ranbaxy as predicted

Ranbaxy was predicted that it will reach 440 levels. And it touched 440 today. Congrats. check the old chart below.

sintex hindalco

Check out for hindalco and sintex(again). They may shoot up if market shoots up. Sintex is on trendline.

Bajaj corp, hindalco, nifty

Hi investors/traders,

Nifty has gone down considerably and is near support as shown below. So buy if it rebounds tomorrow. But it is highly unlikely considering weak inflation data. So it can also go down till 6156. Below 6156, 5940 is next stop. For up 6300 is the target for now. So trade after 10 15 - 10 30 only.

BajajCorp:

Bajajcorp is near support. So if it goes up tomorrow then buy till target of 240. If nifty too goes up then it is even more strong signal.
SL:210

Some stocks to look at for near term

Hi investors/Traders,

Nifty and market jumping to BJP's victory but that is just a momentary change. Market is still not good in fundamentals so be wary of going long term on market but be stock specific.

Lets look at a few stocks which can breakout or show a better trend for short term.

Ranbaxy:
Looks like it is finding support at trendline and also at RSI. So would advise to buy for a small target of 440 if it jumps.
SL: 416-413

Hindalco:
Hindalco is showing bull signals of all kinds but I am still wary because it is on verge of resistance it can also go down but RSI suggest it can break its resistance and also a hammer is getting formed which shows buyer bias.
Second view: If it goes down it can go down till 116 or till trendline as shown in figure.

Target: 134
SL: 120 (if it opens positive without any gapups or hammers at the end of day)

Updates

Nifty jumped due to exit polls. Monday jump can also be expected.
LnT call not triggered because it not went negative. So no trade on this one.
For monday we can look at tata motors which is looking bearish. Monday it can jump or go down but on tuesday it looks it will certainly go down due to selling pressure.

Happy hunting!

LnT temporary bearish

Hi investors,

I come today with greetings and trend on LnT. I forgot to check on LnT clearly yesterday and missed one move but we may have one more move in our hand before it touches its support of  1014. So be bearish yesterday on LnT if it goes down further.

Target: 1020
SL: 1050.

Catch this trade early yesterday or it may touch target fast if market goes down or will become useless if trend goes otherwise.

Dish TV rocked

Hi investors,

Dish TV was recommended  yesterday. Then it jumped 4.6%. Touched a high of 61.4. It worked too good. Touched first main target in one day. Cheers!

Sintex didn't work as aspected. False breakout detected. Sold holdings below 33.

But DishTV profits eclipsed losses of Sintex for me.

Dish TV

Dish TV:

This one seems to be on a CUP and Handle but not quite right pattern. So I would advise to keep this stock on short leash but can reap good short term benefits for small risk.

Buy @ current levels or 57,56
Target: 61, 63
SL: 55,54

Sintex analysis

Dear investors,

Sintex reached 35.40 high intraday. Good for profits. But now it is going towards a bearish reversal pattern(evening star pattern). So if it goes down tomorrow below today's low(on closing) then this stock is good for exit as the bullish reversal is complete.

Sintex Industries may go ballastic

Hi Investors/Traders,

General trend on nifty is positive but 6223-6240 is resistance zone which is not breached today. So we can expect some reversal tomorrow. If you want to take risk can go for 6200 or 6000 Nifty december Put.

Following is trend on sintex Industries:

Sintex:
Sintex is looking positive acc. to its technical indications. Cup and Handle and Head shoulders(partial) trend is clearly visible. After 34 intraday consolidation one can buy this stock in cash. Option call is also good but nifty may backtrack tomorrow or day after so can take option call down with it. So be careful while trading in Options but Cash looks awesome on this.

Buy above 34 Intraday.
First Target: 38
SL: 32, 31(on closing on cash)