TVS Motors Ltd seems bearish

TVS Motors Daily Chart Technical Analysis

TVS Motors is sideways since Aug-15 and is currently trading at Rs. 230.

The price has completed AB leg of the fall from 321 to 207 (Jan-May 2015).  The CD leg seems to be developing with 272 as the possible C coordinate.

At AB = 61.8% CD, the support is at 207.50.
At AB = CD, the support is at 167.30.

RSI is at 40, if it falls below 40 and remains stuck in the oversold range for a while, these downsides may get achieved.



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TVS Motors Daily Chart Technical Analysis

Karur Vysya: Be Prepared

KARUR VYSYA Daily NSE Stock Chart Technical Analysis:

After taking support of the 100-DMA, the price rose to get back above its 520 support line and has stayed there for the last 5 days.  A sideways week until now for Karur Vysya.

Market Outlook:

• Watch out for the 520 level.  The price must stay above this for any quick future rise.  

Technical Indicators:

• Keep an eye on Karur Vysya to make money, an opportunity soon.
• The stock is all set to gain speed ... but this could be either upwards or downwards.  Get ready for both opportunities - to buy or to short.   
• If it jumps up, 639 is a good target.  If it crashes, support is available at 444.
• There's a group of tweezers formed, the market is undecided and preparing to make a head in a single direction soon.

KARUR VYSYA Daily NSE Stock Chart Technical Analysis

Airtel Weekly: 25 to 29 Oct 2010: Bearish Candlestick

The market remained indecisive about the Airtel stock price on NSE.  After 4 weeks of sharp fall, the price has found resistance and has moved sideways this week.  The next week does not look very positive, but the sideways could continue and a further fall could remain curbed.  The price should be able to remain supported  and not fall below 310-320.  Even if it does, it will quickly retrace upwards.  If the price goes and remains lower than this price level, alarm bells are ringing!

• Airtel Weekly stock price chart on NSE shows a bearish candlestick.  This is the 5th consecutive week that has ended with a bearish candlestick.
• However, this week's high and low are very similar to the last week's high and low.
• The price has found support just above the Fibonacci 50% level, which is an important support point.
• Coincidently, the current price level is also supported by the 40 week moving average (not shown on this chart).  The moving averages have come close to each other, and the price could enjoy another upswing soon.
• The volume is average compared to other weeks.
• The stock price this week is closing in to its over sold levels, though its not completely oversold yet.  One more week and the stock may hit the bottom and start rising again.  Keep an eye on the oversold levels and a buy signal when it turns.  The daily chart (not shown here) has suggested that the market will try to return upwards on Monday opening.

Cera Sanitaryware Sideways taking Fibonacci Support

Cera Sanitaryware is sideways after a quick rise in late July. 

Currently, its trading using the Fibonacci support levels.  Today's intraday low took support of the 61.8% Fibonacci and closed very near to yesterday's close.  Today's candle shows that the day ended with heavy selling pressure but relatively low volume.  

No clear signs of where the market is headed after its sideways journey.  Intra day price volatility is also very high, making it a good stock for intraday.  As I don't usually trade intraday, I'm steering clear of this choppy stock right now and will wait for clear signals to go long/short.

Laxmi Vilas Bank Setup for Big Move Soon

Lakshmi Vilas Bank is sideways since 2 months and the volume has constantly lowered.  Coupled with other indicators, there are signs of a big move soon.  

All increase in volumes have been during spike-up in price of Lakshmi Vilas, as is visible in the above chart.  So if volume suddenly goes up, the swing could be upwards.  

Lakshmi Vilas can be purchased on 25 Oct 2010 around 130 price levels, with a target of 140 - 145 and stop loss at 124.  Alternately, the stock can be buy n hold with proactive trailing of stop.

Ingersoll Rand Continues Sideways

Ingersoll-Rand is sideways but is approaching a trend triangle.

The indicators suggest that the sideways could crack soon and a move can happen.  As of now, it can't be said which way the move will be.  

Many dojis and negative candles.  Today's EOD suggests bearish control.  The stock might continue sideways until triangle endpoint.

Not all periods can be traded.  This is one such period where IR is wait and watch to take a position.  And if already in a position, stay put.

Chart Sources: www.moneycontrol.com, in.reuters.com

Procter and Gamble (P&G) stock on NSE has been sideways and choppy since mid-July!  It has been falling since the last 5 days and might make a small correction within this week.

But soon, it seems set to make a strong move, mostly downwards.  Don't trade this stock for now, no clear trade signals, and a possibility of a fall.  Get set to go short if this falls!


Chart Source: www.moneycontrol.com