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