Kinetic Motor: Finds Support @ 22, Could Rise

KINETIC MOTOR Daily NSE Stock Chart Technical Analysis:

• Kinetic Motor seems to have found bottom at 22.  The 13 EMA has also flattened out and the momentum has sustained during this sideways movement.
• Could be an opportunity to purchase if the price rises above 23.50.

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KINETIC MOTOR Daily NSE Stock Chart Technical Analysis

Power Grid: Remains Stuck In Price Channel

POWER GRID Daily BSE Stock Chart Technical Analysis:

• Power Grid continues to remain in its price channel and is under its resistance @ 100.  
• It has support in the 94-95 level.
• Since a few days it is trying to break above 100 but has failed to do so.  
• Refrain from buying unless it goes and stays above 100.
• Power Grid काफी समय से १०० से ऊपर नहीं जा पा रहा है. जब तक १०० के ऊपर न जाये तब तक इसे खरीदने से रुकें.

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POWER GRID Daily BSE Stock Chart Technical Analysis

Spice Jet: Possible Buy Above 44

 

SPICE JET Daily BSE Stock Chart Technical Analysis:

• Spice Jet made a rise and seems headed upwards, after staying sideways for the past couple of days.
• The resistance is at 44, so there is a possible buy above it.
• Considering the involvement of management in a probe, don't remain bullish for too long on this one as any negative news can rip off the price once again.

SPICE JET Daily BSE Stock Chart Technical Analysis

Tata Steel: Trend Triangle and Price Channel

TATA STEEL Daily NSE Stock Chart Technical Analysis:


Tata Steel rose with the overall market today but the rise was half-hearted, there were less number of investors who were interested in this rise.

• Today's rise is unconvincing and I would not take positions in Tata Steel tomorrow morning, and wait for a trend to emerge.  
• Today a marabozu candle is formed but due to lack of overall trading interest in this rise, it doesn't seem sustainable.
• The stock price is traveling within its price channel of 578-701 since 6 months, so a break out in either direction can be enthusiastically traded.
• There is an important trend triangle and the price has attempted to return within it.  This triangle completes at 638, let's see how the stock behaves when it reaches this price point.
  
• Tata Steel आज ऊपर गया लेकिन वोल्यूम कम है इस लिए लगता नहीं है की लम्बे तक जायेगा.  वैसे भी त्रिकोण पड़ रहा है और भाव इसके इर्द गिर्द ही घूम रहा है.  अभी इस में पोसिशन नहीं लेनी चहिये जब तक कोई ट्रेंड सामने नहीं आता है.  अगर ५७८ से नीचे गिरे या ७०१ के ऊपर जाये, तो यह ब्रेक आउट ट्रेड किया जा सकता है.  

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TATA STEEL Daily NSE Stock Chart Technical Analysis

Bajaj Holdings & Investments: Rises to touch resistance

BAJAJ HOLDINGS & INV Daily NSE Stock Chart Technical Analysis:

Bajaj Holdings is showing improvement.  Today it ran into a diagonal resistance and also has entered the Ichimoku cloud zone. So, this is a double resistance point for Bajaj Holdings.

If it breaks above the diagonal resistance, it can be traded but the stoploss has to remain tight until it is able to cross the cloud and is above 825.


BAJAJ HOLDINGS & INV Daily NSE Stock Chart Technical Analysis

Indian Hotel: Price Channel

INDIAN HOTEL Daily BSE Stock Chart Technical Analysis:


Indian Hotel is moving between 77 and 85 since a couple of weeks.  Though the volume is quite low, there might be an opportunity to take a short-term rise up to 84-85 if market overall remains up for a couple of more days.

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INDIAN HOTEL Daily BSE Stock Chart Technical Analysis

NIFTY Post-Budget Day

NIFTY Daily Chart Technical Analysis:

NIFTY had a soaring day.  It defied what the indicators were saying yesterday, but I would still not consider that the market is out of the woods.

It stopped at its diagonal resistance today after a lower volume high jump.  Emotions are flying in the air after the budget, so the market is showing volatility.  By the end of this week the emotions should settle down and NIFTY should show a definite direction.

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NIFTY Daily Chart Technical Analysis