Random Watch--Dish TV

Dish TV given a break-out above its trendline of 65-66. It can be a good buy above it.

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

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

Tata Steel.... A confusion.

        Tata Still has formed a Descending Triangle which is very bearish in Technicals. It has also made a strong base around 585 odd levels on weekly and monthly basis. Even RSI and MACD also showing divergence. So not going with pattern one can still enter Tata Still with a strict stop of 585.

Be Invested.
Cheers
Chirag CM