Dabur: Sliding...

DABUR Weekly NSE Stock Chart Technical Analysis:
(This is a weekly chart.  Each bar/candlestick shows 1 week of activity)


Dabur has been falling since a while.  Last week was one of the biggest falls in a single week for Dabur.

Close & CMP: 91

Market Outlook:

• The price seems headed downwards.
• If price manages to go above 93, only then there is any hope for Dabur.
• The price currently found some support at 87, but it does not seem like a strong support and the price has a strong possibility of falling further.
• डाबर का भाव गिरता चला जा रहा है.  उपरान्त हेड एंड शौलडर्स (सर व् कंधे) की बनावट भी चार्ट पर दिख रही है.  अगर भाव ९३ के ऊपर नहीं जा सका अगले २-३ दिनों में, तो फिर समझो की यह शेयर कुछ और समय के लिए तो ज़रूर फिसल गया.

Technical Indicators:

• The dreaded head and shoulders pattern has finally shown up.  We were expecting this pattern since November.
• This week's fall in price is comparable to only one other week in the entire past 3 years.
• The trading force is high.
• The stock price will try to climb back upwards but it seems unlikely that it will succeed in doing so.

All posts related to Dabur

DABUR Weekly NSE Stock Chart Technical Analysis


(analyzed for Prashant, Surat)

Financial Techno: An Upward Movement Possible

FINANCIAL TECHNO Weekly NSE Stock Chart Technical Analysis:

(This is a weekly chart, so each bar/candlestick represents 1 week of activity)

Financial Techno has been falling since April 2010.

Close & CMP: 704

Market Outlook:

• The price is expected to go sideways or make an upward correction now.  And this upward correction could be sustainable as well.
• The resistance is at 904 if this upward correction happens.
• If the price closes below 713 for a couple of more days, it could be an immediate bearish signal.
• यह शेयर अप्रैल २०१० से गिरता चला जा रहा है.  अभी इसे सुप्पोर्ट मिला है और यह साइडवेज जा सकता है या थोडा ऊपर की और भी जा सकता है.  अगर ऊपर गया तो ९०४ पर रेसिस्टेंस है.

Technical Indicators:

• This stock has retraced to 23.6% of its position, a very bearish place to be.
• The current price level seems sustainable.  
• The force is quite less compared to the massive volume.  The stock price could exhibit upward movement. 

All posts related to Financial Techno

FINANCIAL TECHNO Daily NSE Stock Chart Technical Analysis

(analyzed for Prashant, Surat)

ADSL (Allied Digital Services) In A Bearish Dive

ADSL (Allied Digital Services Ltd) Weekly NSE Stock Chart Technical Analysis:
(As this is a weekly chart, each bar/candlestick represents 1 week of activity)

ADSL had remained sideways for more than an year, before it finally made a bearish breakout in Nov 10.  Since then, the stock price has continuously fallen.

Close & CMP: 155.35

Market Outlook:

• The price could make a small upward correction but then will fall downwards again.
• The next level of support where the price should get some consolidation is at 140.
• ADSL का भाव नवम्बर से गिर रहा है.  इस वक़्त इसमें थोड़े से उपरी मुदाव की सम्भावना है, पर रुख तो नीचे की तरफ ही है.  १४० के पास इस को सुप्पोर्ट मिलना चहिये.

Technical Indicators:

• Three black crows has appeared on the weekly chart, a strong bearish signal.
• 3 important trendlines converged at 195.  The price failed to break above 195 and has remained below.  This is a double bearish signal followed by the preceding bearish breakout in November 2010.
• The price is currently trading within a price channel.
• All indicators are pointing towards the possibility of an upward correction.  So the price could go upwards and hit its resistance in the price channel between 175-155 and then fall back again.
• 140 is a good support level and some sideways movement and consolidation can be expected at this level.
• Overall, a bearish movement in ADSL.  Let's see what happens in the 140-120 price range, which is a support zone for ADSL.  

All posts related to ADSL 


ADSL (Allied Digital Services Ltd) Weekly NSE Stock Chart Technical Analysis


(analyzed for Ravichandran, Bangalore)

NIFTY: Support In Sight, Could Provide Momentary Relief

NIFTY Daily Chart Technical Analysis:

NIFTY had a big fall again on Friday, but there was strong buying near the close of the trading period which says that the bulls have not disappeared from the scene yet.

Close & CMP: 5512

Market Outlook:

• NIFTY is near its support area which lies in the 5350 - 5590 range.  As NIFTY is just above this range, the downfall could slow down in this week, at least momentarily.
• Overall though, things are still looking negative so after some sideways movement or small correction, we could see yet another decline.  Don't get bullish yet.
• NIFTY काफी गिर चुकी है लेकिन अब अपने सुप्पोर्ट रेंज के नजदीक है.  निफ्टी की सुप्पोर्ट रेंज 5350 - 5590 के बीच में है.  अब क्यूंकि निफ्टी इस रेंज के नजदीक है, तो गिरता हुआ भाव को कुछ देर तक राहत मिलनी चाहिए.  पर इसका यह मतलब नहीं है की निफ्टी ऊपर जाएगी.  अभी भी उसका रुख तो नीचे की तरफ ही दिख रहा है.  तो लॉन्ग पोसिशन अभी लेने से रुकें. 

Technical Indicators:

• Three Black Crows candlestick formation is visible on the NIFTY daily chart.  But the last day is not a shaven bottom, which shows increased activity from the bulls.
• There is a support range close by, so the price fall should slow down and even exhibit some upward movement.
• NIFTY is deeply undersold so this sideways could see some increased momentum. 
• The market force is quite high and the candlestick patterns, moving averages etc. are all showing an overall negative trend.

All posts related to NIFTY

NIFTY Daily Chart Technical Analysis

SBI: Facing Resistance @ 200 DMA

SBI Daily NSE Stock Chart Technical Analysis:


SBI did a gap-up on 24th and remained rangebound on 25th.  The stock price has faced resistance from the 200 DMA on both these days.

Close & CMP: 2678

Market Outlook:

• The price has been in an overall bear run since November '10.  The announcement of the quarterly results on 24th Jan '11 led to a gap-up opening and rally.  However this seemed unsustainable on 25th.  Don't buy this stock yet, there may be further downside possible.
• २४ जनुअरी को रिजल्ट आने के कारण एस बी आई के भाव में काफी उछाल आया था, लेकिन २५ को फिर से भाव धीमा पड़ गया था.  अभी इस स्टॉक को न खरीदें, २-३ दिन रुक कर देखें, क्यूंकि यह अभी और नीचे भी जा सकता है.

Technical Indicators:

• The price has run into resistance from the 200 DMA at Rs 2694.  The price is trading under its 200 DMA after an entire year.
• Though there was a gap-up on 24th, it seems doubtful if that will be the beginning of a bull run.  Only if the price closes above the 200 DMA for the next couple of trading sessions and the force shows strength, we can think of it as an oncoming upswing.

SBI Daily NSE Stock Chart Technical Analysis

Cadila Healthcare: Will The Bullrun Continue?

CADILA HEALTHCARE Daily NSE Stock Chart Technical Analysis:

Cadila is on a high since a long time.  The price has constantly risen since early 2009.

Close & CMP: 840

Market Outlook:

• The price could make a downward correction this week.
• There is a chance that the price might have hit its upper limit, or might take some time to return to its upward journey again.
• If you have a long position on this stock, then be on an alert for any possible loss in value.
• If you were planning to take a long position, wait.
• In fact, there could be an opportunity to go short in this week itself.
• Cadila का भाव पिछले दो साल से बढ़ता ही चला है.  पर अभी अभी का एकदम आया हुआ उछाल संदेहशील है.  अभी एक- दो दिन देखें फिर ही खरीदें.  और अगर खरीद चुके हैं तो नज़र रखें की अगर यह शेयर नीचे जाता है तो बेच कर प्रोफिट ले सकें. 

Technical Indicators:

• The price made a Three White Soldiers candlestick formation and is now sideways since the past two days.
• This sudden spurt in price after such a long rise does not seem very promising, and it could make a tower top formation.
• The price has climbed above its upper bollinger band, and could possibly fall back.  The price has taken support on the upper bollinger band since last two days.
• There is also a chance that Cadila's bull run could be nearing an end.  Keep a close eye on this one to avoid any possible losses.

All posts related to Cadila Healthcare

  

CADILA HEALTHCARE Daily NSE Stock Chart Technical Analysis

STC: Resting on Support at 281

STC STATE TRADING CORP Monthly NSE Stock Chart Technical Analysis:

(This is the monthly chart and each bar/candle represents 1 month of activity, the last one is updated until 25th Jan)

STC has lost value for an entire year now, it has been falling since Feb 2010.
Current close & CMP: 284

Market Outlook:

• The stock price is really low and has found support.  There is a chance that the downfall might finally stop. 
• But I would not take any positions on STC right now, there are no trade signals yet.
• If you already have a position, hope that this support line sustains.  
• STC पिछले १२ महीनो से गिर रहा है.  आखिर में उसे अभी सुप्पोर्ट लाइन ने सहारा दिया है.  हो सकता है की अब आखिर में यह गिरना बांध करे और कुछ समय तक इसी भाव के आस पास चले.  

Technical Indicators:

• The price has reached its support at 284.  If this support sustains, the price will finally move upwards.
• If this support breaks, then the stock could fall to 215-225 levels.
• The price is at the level where it has consolidated in the past, so we might see a sideways movement again.
• The price has hit the oversold levels and so a correction could happen soon.
• The force index is also showing weakness, indicating that there is a possibility the market could stop falling further.
• For short term, if the price rises above 295, STC can be purchased and sold as soon as the price turns downwards again.
• If NIFTY takes a big hit, then STC might not be able to sustain and fall even further.

All posts related to STC

STC STATE TRADING CORP Monthly NSE Stock Chart Technical Analysis

NIFTY Update: Fails to Break Resistance Today

NIFTY Daily Chart Technical Analysis:

• NIFTY opened at its resistance today at 5763 and rallied upwards in the first half, but finally succumbed and could not break its resistance.  The index finally closed at 5687.  So NIFTY continues its sideward journey.
  
• Let's see where it goes tomorrow.  The market seems readying to make a good move in either direction and breakthrough either resistance or support.  The only question is when the market will make this big move.
  
• निफ्टी आज अपने रेसिस्टांस लाइन पर ही खुला और दिन की शुरुआत में ऊपर की ओर रुख किया, पर वापिस नीचे आ गया और रेसिस्टांस के नीचे ही बांध हुआ.  देखते हैं कल क्या होता है. 

All posts related to NIFTY


NIFTY Daily Chart Technical Analysis

Lakshmi EFL: Not Giving Any "Lakshmi" To Investors Yet...

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis:

Lakshmi EFL fell slightly today but it was an overall sideways movement.

Close & CMP: 58.75

Market Outlook:

• The price has remained sideways after falling to its lowest price in 3 years.
• There is a chance that the price could maybe fall a bit more but then try to move upwards and rise towards its original support at 70.

Technical Indicators:

• There is a diagonal line of support which helped the price from falling further a couple of days ago.
• The current price is the lowest in the last 3 years.
• The hope that is visible is that the price is deeply oversold, and additionally the force index has fallen below zero as well.  So there are chances that this price could go up soon, as there are not many takers at this low a price.

All posts related to Lakshmi EFL

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis

Reliance Industries: Could Rise Tomorrow

RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis:


Reliance Industries has been falling since 2 weeks.  It fell today as well, but it seems like the price is headed upwards again.

Close & CMP: 970

Market Outlook:

• The price seems to have completed its fall and there is a strong possibility that it will move upward again.
• Rising above 999 is a bullish signal.
• रिलाअनस industries का भाव अब वापिस ऊपर जाने के लिए तैयार है.  ९९९ के ऊपर अगर भाव जाता है तो यह शेयर खरीदा जा सकता है.  

Technical Indicators:

• Finally, some hope for Reliance Industries.
• The price made a hammer candlestick today after a long fall and there was huge interest in trading this stock amongst traders.
• Yesterday, the price had fallen below its support line, but today's increased buying shows that the market may be interested in driving this price above its support line @999 again.
• Buy above 999 and wait for reversal signals.

All posts related to Reliance Industries

RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis:

Reliance Communications: Upward Journey Begins

RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:

Reliance Communications rose today and climbed back above its support line.

Close & CMP: 133.4

Market Outlook:

• The price seems to be headed upwards again.  There is an opportunity to buy.

Technical Indicators:

• A marabozu candle formed today
• The price climbed back above its support line at 132.50.
• A lot of people participated in rallying the price above its support line, almost twice as much trading happened today as compared to yesterday.
• The price is deeply oversold.
• There was a gap-down 4 days ago.  This seems like an exhaustion gap and the price could be ready to move up again.
• Rising above 137.5 will be a good signal.

All posts related to Reliance Communications

RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis

Granules India: Finally Showing Hope

GRANULES INDIA Daily NSE Stock Chart Technical Analysis:

Granules India continued its upward journey for the 5th trading session today, which is a good sign in this otherwise falling market.

Close & CMP: 93.60

Market Outlook:

• Granules India has crossed over its resistance today, which was at 93.  This is a very positive signal and if it remains above 93 for the next day or two, it might give a buy signal.

Technical Indicators:

• After falling below the support, the price came back above its support today.  This is a positive indicator.
• The volume for today is also good compared to the past few trading sessions.
• The price made a spinning top candlestick today.  This is the only point of concern in an otherwise positive looking chart.  The spinning top on such a day means the bears are not inactive on Granules India yet, and there could be an attempt to pull the stock price down again.
• The next couple of days should give us a final idea of where GI is headed, and if we should take a long position on it.

All posts related to Granules India

GRANULES INDIA Daily NSE Stock Chart Technical Analysis

Neyveli Lignite: Near Support, Hoping It Will Sustain

2 year view of Neyveli Lignite's stock chart

Neyveli Lignite Daily NSE Stock Chart Technical Analysis:

Neyveli Lignite fell again today but remained sideways overall.

Close & CMP: 120.75

Market Outlook:

• An upward correction is possible soon, unless the price closes below 118.
• If it makes an upward move, there might be a chance to make short term gains by going long.
• Otherwise personally, I wouldn't be bullish on this stock as of now.

Technical Indicators:

• The market has started moving sideways since it reached its support level and the trading volume has also fallen much below average.
• The stock price is deeply oversold.
• The monthly chart is showing a tower top formation, which is a strong negative signal for Neyveli Lignite in 2011.  However, both the monthly and weekly charts are showing an oversold price level in the momentum.  This is a slightly confusing signal, and the real picture will only emerge in a week or two. 
• Watch out for breakouts below 118, it could be dangerous.

All posts related to Neyveli Lignite

Neyveli Lignite Daily NSE Stock Chart Technical Analysis

(analysed for M R, Puducherry)

NIFTY: Tomorrow's Resistance & Support

NIFTY Daily Chart Technical Analysis:

NIFTY fell again today after showing a rise yesterday.  

Close & CMP: 5691

Market Outlook:

• It seems like NIFTY is about to do something big in either direction.  Be prepared to go long or short when it does so.
• Going above 5765 is a good sign, and falling below 5627 is a negative signal.

Technical Indicators:

• The index made a bearish dark cloud cover candlestick pattern today.
• There was increased purchase as the price fell to its intraday low.
• The current support level is at 5627.  If this support is broken, the next support is only available at 5475-5500 levels.

All posts related to NIFTY

NIFTY Daily Chart Technical Analysis

Sterlite Techno: Bungee Jumping

STERLITE TECHNO Weekly NSE Stock Chart Technical Analysis:
(This is a weekly chart so each bar/candlestick represents one week of activity)

Sterlite Techno fell another day today.  Close & CMP: 63.45

Market Outlook:

• The stock price has continuously fallen since July 2010.  And it is not showing any major recovery signs as of yet.
• It should make an upward correction on hitting Rs 58 price levels.
• After hitting 58 and going upwards again, it will try to head for 72.  If it rises above 72, then there is hope for this stock.

Technical Indicators:

• The price has been continuously falling since 7 months within a steep downward price channel. Currently, the price is headed towards its expected support level at 58.
• We can make a trade decision based on how it behaves near 58.
• The weekly chart has created the Three Black Crows formation (though this week is only 2 days old and there are still 4 more days for the weekly candle to change this formation).
• The stock price is deeply oversold since a long time, and hence a correction might be due anytime soon.
• The volume has also dipped, another sign that an upward correction could take place very soon.

All posts related to Sterlite Techno


STERLITE TECHNO Daily NSE Stock Chart Technical Analysis


(analyzed for Alok, Noida)

HDIL: Finally Finds Support

HDIL Daily NSE Stock Chart Technical Analysis:


HDIL Close and CMP: 155

Market Outlook:

• HDIL has touched support today, there is a good chance that it will bounce upwards again and not fall below 151.  
• If it opens higher on Wednesday, one may take a long position.

Technical Indicators:

• There is a 3 year old long-term support line which is right now providing support to the falling HDIL stock price.
• Today, the price fall stopped after hitting support and some increased buying also happened at this level. 
• The resistance is at 192. 
• The price is deeply oversold.
• Overall, there is a good chance that this support level at 151 will sustain and the price will move upwards for the time being.  

All posts related to HDIL 


HDIL Daily NSE Stock Chart Technical Analysis

(analyzed for D Murthy, Namakkal)

Reliance Industries: Near Support, But Will It Fall Lower?

RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis:


Reliance Industries fell sharply this week.  It ate up all the growth it had taken in the past 5 months.

Current close & CMP: 1505

Market Outlook:

• Something big is about to happen in Reliance Industries, a good move in either direction.  Be prepared!
• Reliance Industries fell through out in the last week and is currently near support.
• The current support is at 995.
• If the stock falls below 995, then one can go short with expected target at 913.

Technical Indicators:

• Reliance Industries has been sideways since May 2009.
• Watch out for a breakout below 874.  If that breakout happens, go short expecting a very good amount of profit.

All posts related to Reliance Industries

RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis

Kinetic Motors: Finally, Support @26.50

KINETIC MOTORS Daily NSE Stock Chart Technical Analysis:

Kinetic Motors remained unmoved on a day even when the stock market fell sharply.

Close & CMP: 27.65

Market Outlook:

• The price has the potential to rise again from the level of 26.50.
• Can be purchased as it rises above 28.50.

Technical Indicators:

• The price formed a Doji Candlestick at its support level of 26.50.
• This support seems strong and should be able to hold fort.
• The price didn't fall even though the market crashed, indicating further strength at this support level.
• The momentum is also low and should start rising very soon.
• In nutshell, seems like a good time to look at Kinetic Motors as a buy.

All posts related to Kinetic Motors

KINETIC MOTORS Daily NSE Stock Chart Technical Analysis

SBI on Support Line @2574

STATE BANK OF INDIA Daily NSE Stock Chart Technical Analysis:


SBI began its fall in early November 2010, and has been continuously falling since (except for a small correction a few days back).

Close & CMP: 2600

Market Outlook:

• The price broke through 2 levels of support since the beginning of 2011.
• The price has found support at 2574.
• Next week, it seems like the price will go up again or remain sideways, after reaching this support level.
• But overall, I am not bullish on SBI anymore for the coming few weeks.

Technical Indicators:

• Today the price movement formed a spinning top candlestick and also made an intraday low on its support line.  Both of these indicate that this support is showing strength and could prevent further downfall of the SBI stock price.
• The price made 2 bearish breakouts in the last 4 days.  The price fell through its one-year old diagonal support line.
• The stock is deeply underbought, indicating that there could be a rise or atleast the further fall could be stopped for a few days.
• Only if the price goes above 2770, one can look at SBI positively again for purchase.

All posts related to SBI


STATE BANK OF INDIA Daily NSE Stock Chart Technical Analysis

Reliance Industries: Stuck in the Price Channel

RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis:


Reliance Industries is still continuing the sideways journey it began in May 2009.  The price has remained stagnant within a Rs 260 range (Rs 1175 - Rs 915) since the last 18 months.

Close and CMP: 1065.

Market Outlook:

• No big move is expected in the coming week, the price will again remain range bound, and could reach an intra-week high of 1110 before closing below it.

Technical Indicators:

• The past two weeks have ended in Doji candlesticks, showing an indecisive trend where the market is trading Reliance Industries in both directions at the same time.
• The weekly volume doubled but the price closed near the last week's close.
• The resistance is at 1116 and the support is at 990.  If the price closes above 1116 or below 990, consider that the price will run quickly in the direction of the breakout.  If the breakout happens, be ready to trade it, is sure to result into a lot of profit.

All posts related to Reliance Industries


RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis

Asian Paints: @ 50% Retracement

Asian Paints has been rising since beginning of 2009 within a price channel

ASIAN PAINTS Daily NSE Stock Chart Technical Analysis:

Asian Paints is moving within a price channel since early 2009.  The stock price hit its resistance on 23 Dec'10 and is now falling.

Close & CMP: 2776

Sentiment: Bearish

Market Outlook:

• The sudden single day fall is due to the big fall in NIFTY on the same day, otherwise the fall would have been smaller.
• The price has found support at 2756.  But there is likelihood that the price will fall further to find support at 2698.  
• Closing below the diagonal support line could mean that the stock is losing its bull trend and might fall or turn sideways.

Technical Indicators:

• There are long term lines of support and resistance, forming a price channel for Asian Paints' bull run since early 2009.
• Currently, the price has retraced to its 50% Fibonacci levels and found support there.
• The 61.8% Fibonacci retracement crosses the support at 2698, making this number an important support point.
• The stock is priced quite high and is up by about 450% in 20 months.  Not a very good time to take a long-term position in Asian Paints, I doubt if it will continue rising at this pace in 2011, or will be able to rise much at all.

All posts related to Asian Paints

ASIAN PAINTS Daily NSE Stock Chart Technical Analysis

Educomp Solutions: Seeking Support

EDUCOMP Daily NSE Stock Chart Technical Analysis:


Educomp lost in a single day what it had gained in 10 preceding days.

Close & CMP:  511.50

Sentiment: Bearish

Market Outlook:

• The price has made a big single day fall and is currently resting on support.
• There is a possibility that the price may make an upward correction, but there is also a possibility that it may fall below the current support.
• The next level of support is available at 490.  
• If Educomp hits 490 and NIFTY improves, then we should have a buy opportunity on this one at that time, as the stock price could start climbing upwards again after hitting 490 if market is overall performing well.
• Falling below 490 could be dangerous for everyone in a long position on this stock.

Technical Indicators:

• The price had a big single day fall forming a marabozu candlestick, but the trading volume is not too high.
• The price managed to close at its available support level, which is a good sign.
• The momentum is falling and is mid-way, so not much of a signal available from there; but there are chances of further fall due to this falling momentum.

All posts related to Educomp

EDUCOMP Daily NSE Stock Chart Technical Analysis

Persistent Systems: Facing Resistance

PERSISTENT SYSTEMS Weekly NSE Stock Chart Technical Analysis:
(This is a weekly chart, each bar/candlestick represents one week of activity)


Persistent Systems is a 2010 IPO which started trading on 6 Apr 2010.  After an initial uprise, the price fell between July-Nov, and it has started clawing upwards again since the last 1.5 months.

Current close and CMP:  430

Market Outlook:

• The price is facing stiff resistance at 439.  Unless it breaks upwards from this price level, it will turn bearish again.
• Buy only above 439.
• If holding this stock, put your stoploss just below 423.

Technical Indicators:

• There is a diagonal line of resistance and the price has stopped rising last week after touching this line.
• The current resistance also co-incides with the 50% Fibonacci level.
• The last week ended with a Shooting Star candlestick pattern
• This is a double resistance at 439.  If the price breaks above 439, it will shoot upwards like a bullet.  But if it falls below 423, it will began another downward swing.

All posts pertaining to Persistent Systems

PERSISTENT SYSTEMS Weekly NSE Stock Chart Technical Analysis

Thangamayil Jewellery: Negative Signals

THANGAMAYIL JEWELLERY Weekly NSE Stock Chart Technical Analysis:

(This is a weekly chart, so each bar/candlestick represents 1 week of activity)

Thangamayil Jewellery is a 2010 IPO which started trading on 19th February 2010.  It enjoyed a bullish run for the first 6 months.  Since then, for the last 5 months, it has been moving sideways.

Market Outlook:

• The price seems to have stagnated, and unless it breaks above 190, there is no chance it will revive its bull run.  For now, there is a high chance that this price will start moving downwards soon.
• The levels of support are 159 and 149 respectively.
• Don't enter this stock right now, and get ready to sell your existing Thangamayil if the price continues downwards.
• If Price Falling below 159 --> exit any long positions.  
• If Price Falling below 149--> Take short positions and enjoy the bear run.

Technical Indicators:

• A pattern resembling the head and shoulders has emerged.  It cant be exactly called HnS pattern but has a close resemblance.
• The price has fallen below its long term diagonal support line today

All posts related to Thangamayil Jewellery

THANGAMAYIL JEWELLERY Weekly NSE Stock Chart Technical Analysis

Talwalkar Fitness: Rising from Support Line

TALWALKAR FITNESS Weekly NSE Stock Chart Technical Analysis
(This is a weekly chart, hence each bar/candlestick represents one week of activity)


Talwalkar Fitness (IPO) began trading on 10th May 2010.  Since then the stock price has climbed steadily within an upward price channel.

Market Outlook:

• The price is headed upwards
• Target1: 290  Target 2: 325  SL: 256
• The only point of concern is that the week has ended with heavy selling pressure.  This means that there could be initial fall in price when the markets open on Jan 3rd.  So use good judgement before making the actual trade.

Technical Indicators:

• The price is moving within a price channel, between its lines of support and resistance, as visible on the chart.
• There is strong support at 256 and 218.  Coincidently, there are the exact points where the price touches the support trendline as well.  This shows a very co-ordinated price movement, which makes it easier to trade using technical charts.

All posts related to Talwalkar Fitness


TALWALKAR FITNESS Weekly NSE Stock Chart Technical Analysis

Jaiprakash Associates: Rising, Finally

JAIPRAKASH ASSOCIATES Weekly NSE Stock Chart Technical Analysis:

Jaiprakash Associates (previously JayPee Cements) rose this week after 2 months of falling.  

Close & CMP:  105.85

(This is a weekly chart so each bar / candlestick denotes price movement of 1 week)

Sentiment: Bullish

Market Outlook:

• The price seems headed upwards.
• There is an opportunity to buy / go long with a target of 125, stop loss 96.50
• But if NIFTY underperforms, liquidate around 117.
• There is strong support between 97 and 101.

Technical Indicators:

• The price fall slowed down as soon as it hit its support at 101, as visible from the small candlestick bodies.
• The support at 101 seems strong and so the price has started moving up again.
• There is a resistance line around 125, sell when the price reaches near this point.
• The price is deeply undersold, which also indicates that the price is ready for upward movement.

All posts about JP Associates 

JAIPRAKASH ASSOCIATES Weekly NSE Stock Chart Technical Analysis

(analyzed for Kiran, Mangalagiri)

SCI: Upward Correction Expected

SHIPPING CORPORATION OF INDIA (SCI) Weekly NSE Stock Chart Technical Analysis:


SCI has continuously lost value after peaking in October.  This sudden fall has ripped through the portfolios of many investors.  Pl note that this is the weekly chart and each bar (candle) represents one week of activity.

Close & CMP on 31 Dec: Rs 130.7

Market Outlook:

• The price is consolidating after the fall, and is currently not expected to continue falling in the next couple of weeks.
• The price is becoming ready for an upward correction and so we should hopefully see the price moving upwards in January
• If it moves upwards, atleast 10-15% correction in price can be expected.  After that, the price may continue to rise or fall back again.
• So, get ready to get into a long position on SCI, though not immediately.  You should be able to spot a rise soon.

Technical Indicators:

• The stock price is deeply oversold.
• The trading price range has reduced considerably inspite of high trading volumes.
• The fall in price has been vertical and so an upward correction is very high probability.

All previous posts related to SCI


SHIPPING CORPORATION OF INDIA (SCI) Weekly NSE Stock Chart Technical Analysis


(analysed for Kanniappan, Bangalore)