Technical Analysis: 2014

Sunday, December 14, 2014

Jai Corp

Buy Jai Corp at CMP 76.15 Target 100 and 120 SL 66

1. Stock is testing earlier break outs and resistances
2. Stock is oversold on weekly charts

Weekly Chart:

Very Good opportunity to enter Fortis Healthcare:

1. Stock is at trendline support
2. Stock has formed a doji on Friday on daily charts
3. Stock is oversold

Can be entered if gaps up on Monday. Target 125 SL 93 (RR ratio - 1:2)

Saturday, November 29, 2014

HBL Power Systems

A very good opportunity to buy HBL Power systems at CMP 27 Target 45 & 65 in 6 months to 1 year. Keep SL 20

Saturday, November 22, 2014

TV18 Broadcast

TV18 Broadcast has given breakout with huge volumes on Friday, 21st Nov 2014. Buy at CMP 31 for a target of 34 & 37, SL 29.

Monday, September 29, 2014

Glenmark Pharma - Buy at CMP

Glenmark Pharma is a good buy at CMP. Target 740, 780 SL 700

Stock has retested the break out and has gone up
Reacted from 50 DEMA
Volumes have picked up consistently over the past few days
Stochastic & RSI are reversed from oversold area
CNX (Pharma) has given a break out

Sunday, September 28, 2014

Jai Corp - Good Buy at CMP

Jai Corp is a good buy at the current levels.

Reacting from 200 DEMA
Stock is at previous support and resistance levels on weekly charts
Stochastic Crossover

Saturday, September 27, 2014

Coal India - Good Buy at Current Levels

Coal India is giving a very good opportunity to Buy.

Stock reacted from earlier resistance
Stock reacted from earlier break out resistance
Stock reacted at 50% Fib retracements (Range - 238 to 424)
Taken support at 200 EMA

Sunday, September 21, 2014

Bajaj Electricals

Buy Bajaj Electricals above 290 for a target of 350 SL 270.

(Risk Reward Ratio 1:3)

Sunday, September 7, 2014

Oriental Hotels - Buy

Oriental Hotels has given multiple break outs with good volumes.

Crossed 200 Weekly EMA
Stochastic has given a Crossover
RSI is moving up

Buy at CMP 26.80 Target 34 & 42 in 3 months SL 23.

Sunday, August 17, 2014

Buy IDFC

I had given a sell call on IDFC on 17th July at 165. Refer the below link.

http://trade-with-knowledge.blogspot.in/2014/07/idfc.html

As I have mentioned in that reco, stock closed exactly at 144 on 13th August. Now the stock is moving up and offering a buy opportunity.

Stock has taken trend line support and has moved up
Reacted from 55 DEMA
Stochastic is oversold
RSI is oversold

Buy at current levels for a possible target of 180. SL 140

Zee Entertainment

Zee Entertainment is a buy at current levels.

Moving up from support
RSI is in oversold area
Stochastic is in oversold area
CNX Media is retesting its earlier break out

Sunday, August 10, 2014

CIPLA - Buy

Cipla is a good buy at this level of Rs 437.

Reasons:

reacted from previous resistance
taken 50 DEMA support
Stochastic crossover below 20

Thursday, July 24, 2014

Axis bank

Sell Axis Bank at CMP (Rs 1997) Target 1900 SL 2020.

Stock is at long term trend line resistance on weekly chart
Slow stochastic (14,5) has a bearish cross over
RSI negative divergence

Tuesday, July 22, 2014

WIPRO

Buy Wipro above 561.

Stock has closed above its trend line resistance
Convergence of Moving averages indicating bullish move
Positive Stochastic crossover
Target 570 & 590, SL 554

Sunday, July 20, 2014

Bajaj Auto

Buy Bajaj Auto at CMP 2081 Target 2200 SL 2052

Thursday, July 17, 2014

IDFC

After a quick upmove, IDFC has touched the resistance today at 165 and

has started its downward journey. Sell IDFC at CMP (Rs 160) for target of 144

and 132 (23.6% and 38.2% Fibonacci Retracements repectively). SL 165.

Tuesday, July 15, 2014

Bajaj Auto

A very good opportunity to enter Bajaj Auto at CMP 2156 Target 2200 and 2300

Analysis:
1. Stock is reacting from 50% Fibonacci retracement levels.
2. Stock has reversed at 50 DEMA
3. Previous resistance acting as support.
4. Stock has reversed with high volume.

Monday, July 14, 2014

Tata Steel

Tata Steel is giving a good opportunity to enter at current levels (CMP 513).

1. Stock has
- taken support at 50 DEMA
- reversed at trend line support.
- retested its earlier resistance and moved up.
- reversing at 23.8% Fibonacci retracement
- shown a probability of giving a target of 723 based on Elliott Wave Analysis.

Sunday, July 13, 2014

Jindal Steel and Power

Jindal Steel is a fantastic Buy above 285. Stock is at 50% Fibonacci Retracement and also at 200 DEMA support. Target 310, 320 and 330 within next 15 days.

Tuesday, June 24, 2014

BANK OF INDIA

Bank of India is giving a good opportunity to Buy. It has taken trend line

support and is at important 50 EMA. Buy at CMP (Rs 285) Target 306 and 330

SL 280.

Monday, June 23, 2014

ORIENTAL BANK OF COMMERCE

Oriental Bank of Commerce has reversed at its trendline support and has gone up today. Buy at CMP (Rs 312) Target 330 & 370 SL 300 (50 EMA support)

Saturday, June 21, 2014

RELIANCE INDUSTRIES

Reliance Industries is at 50% Fibonacci Retracement levels from the lows of 5th May. Buy at CMP (Rs 1037) and add at every dip for a target of 1100 and 1040 SL 990.