MY ANALYSIS

Sunday, 3 June 2012

Jsw steel – 15 min chart. Showing gann fan support with the confirmation of rsi 42. Price is at middle boundary of channel.


Jp asso – daily chart. Showing sideways move. Trade with the levels.


TATA MOTORS


see the hourly chart. Price is at lower boundary with the support of 61% price retracement. Rsi also showing support with divergence.

RELIANCE INFRA


see the 15 min chart, chances of double bottom with the trend line support in MACD. Price is near to the middle boundary of a channel. Wait for crossover of MACD with pattern formation.

IBREALSTATE


see the channel in daily chart. Price is at upper boundary of channel which strong resistance with broadening pattern forming in price. Price complete the 161% time retracement and taken the support at 38% price retracement. Price showing resistance in rsi 14.

MARUTI

showing good support in daily chart. Macd and rsi showing divergence with the confirmation of trend line support.

BANK NIFTY


forming a right shoulder in daily chart. Support is at 9100. If price break the trend line then pattern target will 1400 points. Just wait for confirmation ie. Good volume with crossover of macd.

VIP INDUSTRIES- 1. Reliance capital – hourly chart. Price, MACD and rsi 14 near to support.


Friday, 13 April 2012

JINDAL STEEL

 1. BROADENING PATTERN IN WEEKLY CHART


2. H&S PATTERN IN DAILY CHART


3. CHART IS WEAK TARGET IS 480,460,435 SL-NECKLINE


4. BUY ONLY ABOVE-522 TARGET-549,576

Wednesday, 11 April 2012

SBIN

BUY ABOVE 2171(CLOSING BASIS OF HOURLY CANDLE) TARGET- 2210,2248


SELL BELOW 2145 TARGET 2111 

Tuesday, 3 April 2012

Thursday, 29 March 2012