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Showing posts from May 22, 2014

Mahindra & Mahindra Financial Services

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M&MFIN (284) - Posted on 17th April "Last hope and support 232-227" 
After this post, it made low and took support at 229.25 on 17th April itself. and from there upward journey started and till yesterday it made high 289
**
Now what next ? 
Support 284-279
and last resistance 294-297
But above that, ready for big up move 
Upside  Targets  332-336 & 355-360
***
But above that ready for mega up move, if it happen, will post the mega upside target.








JK Tyre & Industries

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JKTYRE (227) - Posted on 24th March "Now face resistance 182-185, But trade and stays above that upside target 222-232 And above 222-232 mega break out going to pan out, If it happen, will post the mega upside target. "

After this post, it broken and closed above 182-185 on 07th April  and mentioned target attacked on 22nd April itself (that day made high 226.60), from there corrected up to 186.20 (that is the support level only) on 13th May, from there, up move started, once again, and this time, it made high 239 in the last  two days (20th and 21st May)  and unable to close above the 222-232 level.

**
Now what next ? 
Target and Resistance 222-232 &  250-260

But trade and stays above that, then 260-250 become support   and  strong support  215-205 and above that

ULTIMATE UPSIDE TARGET 370-385










Jain Irrigation Systems

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JISJALEQS (109) - Posted on 25th April "Resistance 74--76. But trade and stays above that upside target 92-94"
After this post, it broken the mentioned resistance of 75-76  on 28th April  and attacked the mentioned upside target of 92-94 on 12th May it self (that day it made high 93.55) and corrected up to 85.40, from there, once again up move started, it moved up, non stop, up to 115.75 on 20th May  (that move was not posted here, due to time constraint) 
**

Now what next ? 
Resistance 108--112
But trade and stays above that  next upside target and resistance 121--124

But trade and stays above 124-121,  then  ready for big up move 


ULTIMATE UPSIDE TARGET 195-200

with in between resist at 180-185







Indraprastha Gas

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IGL (331) - Support 331-326
and Strong support at 317-312
Above that 
ULTIMATE UPSIDE TARGET 422--442




IFCI Limited

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IFCI (36.90) - Posted on 31st March, "Resistance 27.40-28.40 But trade and stays above that  next upside target 36.90-37.90"


After this post, it went up to 27.95 on 02nd April and once again 28.15 on 29th April , from there, corrected up to 24.50 and on 14th May, only, it broken and closed above the mentioned resistance of 27.40-28.40 (closed at 29.45) and yesterday it attacked the mentioned upside target of 36.90-37.90 (made high 37.40).
**
Now what next ? 
Resistance 36.90-37.90 

But trade and strays above that  next Target and Strong Hurdle  49--51

with in between resist at 40--43









Indiabulls Real Estate

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Hindustan Zinc

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HINDZINC (145) - Support 144-138
and now face Last Hurdle 155-161
But trade and stays above that,. then 161-155 become support and for this 

ULTIMATE UPSIDE TARGET  210--220



Hindalco Industries

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HINDALCO (159) - Posted on 10th March, when it was trading at 124 as "If trade above 127-130 next upside 137-140, afterwards 165-170"


After this post, it closed above 127-130 on 28th March only, from there it moved up to 147 on 22nd April, from there corrected and once again took support exactly at 130 on 05th May, from there, upward movement started and as on yesterday almost it near the mentioned upside target of 165-170 (made high 163.65)
**
Now what next ? 

Upside target and resistance of 165-175

But in case trade and stays above that ,  then 165-175 become support and ready for big up move 

ULTIMATE UPSIDE TARGET  245-255 .