ACC..Is it a pullback buy?

ACC broke above 1140 levels few days ago. Now again it came back to same level. Can we consider it as a pull back buy from the same level?


Cheers
Chirag CM

Honda Motocorp..A nice Cup n handle

A superb cup & handle pattern formed by Hero Motocorp. One can take entry above 2230 with the tgt of 2390 and with the short term stop loss of 2186. Though the stock performance is purely based on market condition ahead.

Cheers
Chirag CM

MRF....A good move ahead?

MRF may give triangle breakout above 6800, move above it will result in 7500.
Mundra is also looking strong on charts.

Have a happy Trading.
Chirag CM

A List of stocks to watch

Below are the few stocks which may do well in upcoming days.

LUPIN: (Trading near long awaited breakout)

BHARATFORG:

DIVISLAB: (Rectangle Breakout)

BIOCON: (Traditional trend channel)

HAVELLS: (Inv. HNS)

Cheers
CHIRAG CM

Look alike charts

NSENIFTY and ICICI has formed same chart patterns. This may be the case for other index heavy-weights but these two are forming almost same pattern.



NSENIFTY:

NSENIFTY above 5170 will try to fill the huge gap but the support is indeed required from heavy weights.




ICICIBANK:

ICICIBANK above 910 may give good move but with only one condition i.e. Market's willingness to go up. :P


Have a happy trading.

Cheers
Chirag CM

Reliance....A march towards 893

Reliance will try to come out from it's resistance which is placed around 860. Cross over of this may lead the rally till 893 which is its 200 EMA.

Have a happy trading.


Cheers
Chirag CM

Dena_will try to come out from trading range

Dena bank will try to come out from a channel. We can see sudden move till 90 and then 95.



Cheers
Chirag CM

Jain Irrigation_One more try to break-out

Jain Irrigation will try to break its resistance.

Cheers
Chirag CM

Idea.. Seems like a rectangle breakout.

Idea on the verge of rectangle breakout. A close above 100 will give 10 rs. move.

Cheers
Chirag CM

Breakout Candidate_Jain Irrigation

One more Break-out candidate. May give good returns if :
1.Closes above 180 and sustains
2. Get some support from the market.

Cheers
Chirag CM

Bajaj Auto.. Breakout Buy

Bajaj Auto has given a breakout couple of days back. Staying above 1500 may lead to 1600-1650 in a very short time.

Cheers
Chirag CM

Gujarat flouroGujarat flouro

Seems interesting on charts may rally upto 3% from the current levels.




Cheers Chirag CM

GSFC_leading to 420.

GSFC looking good on charts and staying above 387 levels will lead to 420. SL can be placed 5% down from the current market price.



Cheers
Chirag CM

Gitanjali.... A double bottom + Breakout Buy

Gitanjali is looking good on charts with forming double bottom and pattern near to breakout. It is all set to make new high after Dec-10. Stochastic is also showing buy signals. If market supports it may show a spark in upcoming trading sessions and rally may reach upto 350 bucks in few days. Gitanjali was recently added into the futures markets too. All things are looking positive but still we dont know what Mr. Market thinks.

Cheers
Chirag CM

NSENIFTY view...I m not getting anything

Room partner had tried something on NSENIFTY charts but I am not getting anything. He told me not to remove the trend-lines from the chart. He is still able to derive some logic from the graph but I am not. So not writing anything right now about NIFTY.


BTW experiments were done by PRATIK MANIYAR.


Cheers
Chirag CM

Ready for Upmove:Tech Mahindra

Tech Mahindra is about to break above 760. If it manages to close above 760 in today's session then it can move 50 more bucks from these levels in next couple of days. Trade should be initiated only above mentioned levels and with the same stop loss.


Cheers
Chirag CM

A superb Symmetrical triangle... Areva

A superb Symmetrical triangle pattern was made in Areva EOD chart. This is also referred as book pattern. A close above 263 may lead the rally to at least 10% up from the current levels.

Cheers

Chirag CM

KPIT...On the verge of Breakout

Came across the interesting chart of KPIT while hovering around other blog. Seems on the verge of the breakout but should be backed by market as market is more driven by global cues.


Cheers
Chirag CM

Dabur....A pullback buy

Dabur was facing resistance around 109 but after crossing that it made a high around 123. Now again it has come back to test its breakout levels which is a good buying opportunity. One can initiate trade at current levels with the strict stoploss of 5% down from 109. Target can be placed around 120.


Have a happy trading.
Cheers
Chirag CM

HDFC Bank..One more blue chip

One more Blue-chip candidate waiting for breakout. HDFC is firmly moving towards its resistance level of 2420-25. Sustained close above those may lead to quick move till 2500 levels. Market factor should not be ignored here.

Have a happy trading.

Cheers

Chirag CM

Breakout Candidates

LT:

Larsen & Toubro is trading around 1740 levels and closing above that will lead to major upmove. Rally might lead upto 1900 levels. Trade should be initiated above 1740 with the strict SL of the same looking at the market situations.

Naukri:

Info Edge LT also managed to touch its resistance line. The great back-power here is awesome bars in volume areas. Closing above 747 will lead to the up-move of 70 more bucks.

Cheers

Chirag CM

Random Stocks

Here are the few charts which looks Technically strong.

IPCA Lab.

Alok Textiles:

Tata Steel.

Cheers
Chirag CM

LIC Housing Finance. Inv HNS

LIC Housing finance has broke out from its triangle pattern and Inv HNS. The possible target now will be placed around 260. The trade can be initiate with the immediate stop of 3% from the current levels. The only worry for the stock is low volumes.
P.S. Stock has also cross its 200 DMA levels significantly.

Cheers
Chirag CM

A stock to watch... Maharashtra seamless

M

Just a random watch on Maharashtra Seamless. Many tops created near 365 levels and a break above that will give sharp move upwards.


Cheers
Chirag CM

ICICI

ICICI can give a good move of 60 odd bucks above 1130 but it should be bought only above 1130.


Cheers
Chirag CM

Bharti Airtel... Waiting for Breakout

Bharti Airtel seems on the verge of Breakout. It was trading in the range of 310-360. Closing above 380 would give an immediate run to 430.


Cheers Chirag CM

Petronet..... A breakout Buy

As suggested by Mr.Pratik, Petronet looks awesome on Charts. It has tried to break 130 levels two-three times in the past but now has finally managed it. One can enter the trade with the stop of 130 and tgt of 145+ in couple of weeks from now

Sincere thanks to Mr. PratikM

Cheers
Chirag CM

HDFC LTD.. A superb Inv HnS

 A superb Invert HnS was formed by HDFC Ltd few days back and now it has again came to test its neckline. Seems a good opportunity of buying with the immediate stop loss of its neckline price i.e 685. 1st target for the same is around 740. Achieving that will open the doors for 765 and 780.

Have a happy trading.....

Chirag CM

This is called Hammering.......

Infosys was hammered on last trading days due to poor performance over street expectations. IT giant was screwed with woppie 10 times of its avg daily volume..

Cheers
Chirag CM

SBIN... Badi bank Back in Action

SBIN is hovering around 2780 which has proven as a good support as well as resistance level in past. 200 DMA is also around 2795. If it manages to close above 2790 target would be 100 bucks more from the current levels.

Cheers 
Chirag CM

IRB infra. Quick View

IRB is trying to break its Trend line. If it manages to break it the tgt falls near to its 200 DMA 239.

Cheers
Chirag CM

ITC... Update

ITC has crossed its upper trend line with a superb volume. It is also at 52 week high. It shows target of 195 with the stop of 180.5

Chart is beauty here.

Chirag CM

ITC... Entry into Range trading

ITC has entered the old trading range again and break above 180 will lead to further upmove.

Cheers
Chirag CM

Axis Bank... Breakout

A superb breakout given by Axis bank on last trading day. It has also given comprehensive close on its 200 DMA. One can enter the scrip with the tgt of 1447 with the immediate stop of 1335.

Cheers 
Chirag CM

Bank Of Baroda is at 200 SMA and it has acted as a good support to it holding above it will lead it to short term move till 860. Trade can be initiate withe the time horizon of couple of week and strict SL of 817. Bank of Baroda is the only Public sector bank recommended as buy by Goldman in its recent research report on Indian finance. Target given for the bank was 1110.


Cheers
Chirag CM

PETRONET....... A superb Breakout

Cheers

Chirag CM

Sensex @ a crucial Support

Cheers
Chirag CM