31Jul18 - Stocks Analysis

This analysis is for my study purpose (I am not SEBI registered). No recommendation to buy or sell by any chance. Decision to invest is totally yours. Even I don't invest on my ideas, so be careful :)

1. Jindal Steel & Power

Very interesting graph. Pattern is of rounding bottom which is kind of bullish, and it did jump from a good support level. Certainly one to keep in watchlist. 

CMP 205.45, Move above 229 will show us 247/261/273/290. Move below 187 will show us 174/158/128.. lets see where it goes..

2. Venkys

It did 100% retracement from top of 4300+ till 1935 and bounced from this level. Notable thing is after 25th Apr 2018, for the first time it has closed above 20 sma. RSI is about to enter into bullish territory. SHOULD be on the watchlist and can enter in small quantities with stop of 1930 for long term.

Level matters... and how..

On twitter I have been following a person named Amit Jeswani. He runs a whatsapp group or email group with a handle "Level Matters", when I saw the BF investment chart today, remembered his name instantly

Technical analysis, it seems, is all about entry and exit at right levels. Support and resistances are the basics of this discipline and one needs to learn to identify these levels with some accuracy.

One of the reasons I love technical analysis...so much to learn..

30Jul2018 - Stocks Analysis

This analysis is for my study purpose. No recommendation to buy or sell by any chance. Decision to invest is totally yours. Even I don't invest on my ideas, so be careful :)

1. BEML

Nice jump from long term support of 775. CMP 897.1, StopLoss 860, Target 970/1030/1100.

2. GSFC

CMP 118.3 , StopLoss 114, Target 124/130

3. M&M

CMP 933, StopLoss 316, Target 1004

Sun pharma - Consolidation

Sun Pharma - In consolidation from May 2017 in a range from 440 to 600. 200sma is turning direction slowly. 

Price pattern within the range looks like head and shoulder, however not confirmed yet. Should be a good buy if sustains above 604. 

Canara Bank - Nice consolidation

Nice consolidation on daily chart. Supply zone between 284 to 288. Demand zone between 225 to 217.

ADX & RSI has turned bullish making it very much probable to move above 288 and beyond. If it moves above 288, the immediate resistance would be 200sma i.e. 304 to 306 range.