View on Tilaknagar and Escort!

Escort

Stock is trading at 70.30.
Is trading between a range of trendline.
MACD is sideways and has cross upside a bit.
RSI is crossing downside.
If holding for a medium stoploss of 65-66 on closing basis
and for long term SL of 60-61.


 Tilaknagar.

Trading at 75.95.
Is trading between at triangle.
Breakout of triangle will give a clear picture of trend.
Keep and eye on breakout and trade with the trend.
Resistance at 76-77 and Support at 72.


Regards

This is my personal view. Please consult your adviser before investing.

Gold looks bullish!!!!

As i posted in my earlier post the two possible movement in gold.

Gold alternative count!

Gold came down as expected

Now gold have came down and touched the low of 1635$.
Wave A = Wave C.
Price have retraced 61.8% of may 2012 to oct 2012 rally.
Strong multiple support can be seen at the lower level
This will be end of Wave 4. Wave 5 have started and from here we can see a up move in the price of gold.
CCI is making higher low.
RSI is moving upside.
MACD is narrowing.

Technical View of Stocks!!

Below are the stock which are changing their trend and good movement of price can be seen.

Crompton Greaves

 Trading at Ascending Trendline.
Support at 110-110 level
Histogram level in MACD is decreasing indicating change in trend.
RSI moving sideways.
upside resistance 117-122

 Hindalco

 Completed Head & Shoulder pattern by crossing the neckline.
MACD is indicating upside.
RSI crossing downside.
Support of neckline at 126-127 level.
Upside resistance133-140.

Karnataka Bank

Trading at Ascending trendline.
MACD is narrowing from  0 level.
RSI is also turing upside.
Volume is not supporting the change in trend so keep an eye on this stock.

 ONGC

Stock took support at 256 twice.
MACD is moving up from the current level.
RSI crossed upside.
Volume is also supporting the current level.
Upside resistance at 265-272.

Sterlite

Trading at 115 for past 2 -3  days.
MACD crossed downside but moving sideways now.
RSI  as well crossed the signal line downside.
Breaking of this level can bring the stock to 108-98.



Regards

This is my personal view, please consult your adviser before investing.

Nifty strong support at 5840 for short term!!

Strong support at 5480 for short term.
Closing below this level can see downfall this 5800-5810.
Resistance at 5950

Medium term
Medium is still positive as support lies at 5840-5686
If sustain the resistance is 5950-6080.

Divergence in MACD and RSI in daily chart.
Both the indicator have crossed the signal line downside.
But if market moves side was then this indicatorcan turn up in coming days.


Please consult your adviser before investing.

Regards

Company which can give good profit!!!

These are the three stock which are at the resistance level or at support level.

Keep a eye for a breakout!

 Amtek auto is now are the resistance level of descending trendline.
Volume is also increasing.

 GTL price is forming a triangle.
Upside can be seen from here.

Value industries is at a resistance level as well.
Volume is not that supportive but after breakout we can see good volume support.


"ONE CAN EARN A GOOD MONEY JUST WITH THE HELP OF RULER"

Please consult your adviser before investing!

Regards

DS Kulkarni Keep An Eye!!!!

DS Kulkarni is trading at (86.15)  the resistance of the horizontal line.
If stock close above 86-87 with volume then there can be a uptrend in the stock.

 Let have a closer look at the chart.
RSI has crossed down.
MACD is above the signal line but sideways.
Volume was good for past 5 days but failing to sustain.
Currently the stock is trading at 84.80 which was an engulfing candlestick pattern till now (bearish).
Let see what happens till the closing time

 Please consult your adviser before investing.

Educomp Looks positive

Educomp price has formed a triangle on the chart.
Price is now trading at the ascending trendline.
support at this line can be seen.
RSI have turned upside.
Volume is not that positive so one must be cautious before trading.


Please consult your adviser before trading.

Hindalco Technical View

Hindalco

Head & shoulder pattern can be seen in Hindalco chart.
MACD is on the verge of crossing down the signal line.
RSI have crossed the line downside.
Resistance at descending trendline from April 2012.
Overall Sentiment bearish.

If stock closes above 125.50 with good volume that this all indicators can go wrong.

Keep and eye on this stock. Good movement can be seen in this stock..

Please consult your adviser before investing!

Regards

Stock to watch!!!

This stock are at the verge of resistance and support. one can keep eye and hold the position for 3-4 trading days!!

JSW energy :CMP : 64.30 SL : 63 TGT : 70
Hindalco CMP : 124.20 Buy Above 125.50 SL : 120 (on closing basis) TGT 132-140.
Amtek Auto CMP : 69.45 SL 68.50 TGT 76-80.

Trade with stoploss to trade for success!!!

Always trade in one stock with 10-20% of your capital. Never put all the capital in one stock.
FOR Eg: If you have 10000 to trade, trade in 3-4 stocks. This will help you to sustain in market.

Please consult your adviser before investing!

Regards
Rinkesh Jain

USD/INR!!!

USD/INR came down as it was seen and same was posted in my previous post.
Divergence in USD/INR.

Now what lies ahead???
Support at 38.20% retracement level.
Momentum turned up.
MACD is narrowing
RSI is moving side ways.

Seems like USDINR will start moving upside. SL of 54-53.90 on closing basis.

This is my personal view and one should consult their adviser before trading.

Regards.

Nifty Under Pressure!!!

Nifty is sliding sideways for the past few days....!
is trend seems to be changing!!!! Let try to evaluate the chart!!!

Divergence is indicated by MACD & RSI. Nifty made higher high, MACD ia making Lower High & same seen as per RSI indicator. Same divergence was seen in june to sept month but market turned positive after small correction. As we always have seen divergence as a indication of change in trend and now again we can expect a correction in market from current level. But till what level????
First support can be seen on the ascending trendline.
Second at 55 days EMA.
Be cautious in the market now for medium term.

This is hourly chart and same situation have arise here but market if take support at the level of ascending trendline which lies at 5870-5880 then we can see some support so wait and watch for this level before going long for short term.

This is  my personal view and i am not recommending for any trade. Please consult your adviser before trading.

Regards

Gold Elliott Wave Count

This is what i am expecting further in gold.
Momentum have turned upside.
MACD is changing the direction upside.
There are two alternative count.
One in blue is a count for upside where wave II have completed with a expanded flat and Wave 3 is on its way.
Second in red shows a possibility of further correction in gold and can reverse from 1714-1722$.
Let price itself make the decision and wait n watch.
I am bullish on gold looking at MACD and momentum chart.

This is for education purpose please consult your adviser before investing.

Regards
Rinkesh jain