Monday, May 14, 2012

Technical View!!!!

JSW steel
Result of JSW steel was showed increase in sales and decrease in profit due to rise in cost of  raw material.
The stock is in a negative trend.
It can go up to 625-28 and can reverse down again from that level.
trend will be changed only if the stock close abv  670 in coming days which seems to be unexpected.

JP Associate
The price bounced to 63 form the level of 60 as divergence was seen,
and turned down again it is yet in a down trend.
Tomrrow price can be seen rise till 62.50 and if that break upside can be seen.
The view till now is negative.

Castrol
THe stock have bounced back from 480 to 522
Resistance can be seen at 530-35.
change in trend in ROC indicated a downside possibilities.
and it seem like the stock and fall from that level,

Aurobindo pharma
The stock have been falling from price of 141 and the trend in yet negative.
Since a trendline support is seen at 100 a side ways movement can be seen in the stock.
If the stock sustained the level of 100 then a change in trend can be seen.
Have a watch in this stock.

ICICI Bank
THis stock generally moves with nifty.
the stock is now trading at 800 and one can see support at this level,
Resistance at 825-830.
Reversal from resistance can be seen again.

Gold (USD)
The metal is in a negative movement and breaking of 1560 can take the price to 1520-25$!!!!

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