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Showing posts from February, 2016

Saregama India

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SAREGAMA  ( now time is  10.45 A.M. and now trading at 211 after made low 185.10) - 
Posted on 15th Jan 2016 as "Hope and support 330-300
But trade and stays below that 
Ultimate Downside Target 192--182"

After this post, it broken the support of  330-300 on the posted date itself (that is on 15th Jan) that day it closed at 291.05 and after that it gave pull back and went up to 317 on 01st Feb. ,from their, fall started and  today , intra day it made low 185.10 and now trading at 211. so target attacked precisely.

***

now what next ? 


If hold 192--182
then the pull back target 
250--265 & 300--330



***
Below chart explain even better
Click the chart to get the zoom view


HSIL

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HSIL (228) - Below 235 weak only
Hope and support 220-240

But below that 
Down side Target 157--137




Garware Wall Ropes Limited

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GARWALLROP (288) - Already posted on 03rd Nov. and this is reminder only.


SUPPORT 260--230

TARGET  480-500



Indiabulls Housing Finance

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IBULHSGFIN (583) - Support 584-572
 and last hope & support 553-543
But below that down side target 425-410






Hindustan Petroleum Corporation

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HINDPETRO (677) Any pull back,  face resistance 745--765
down side support exists at 565--545



Hero MotoCorp

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HEROMOTOCO (2702) Last post was on 23rd Nov. 2015 and said down side target 2385-2365 , as posted it came down up to 2377 in Jan 2016 and now trading at 2702.

In the last 10 months, consolidation is going on and now any time, it may going to come out of this consolidation.


Resistance 2735-2835

 above that  3250-3350
But above that 
ULTIMATE UPSIDE TARGET 4250-4350




Amara Raja Batteries

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AMARAJABAT (890) -  Tweeted on 02nd Nov. 2015.  the following is that embed : 

AMARAJABAT (892) - Hope & Support 890--870 But below that down side target 795-775 & 705-685 pic.twitter.com/F4OqTmAkkZ — Murugavel (@murugavell) November 2, 2015


After this tweet, it broken 890-870 in Nov. 2015 itself and in Jan 2016 it came down to the mentioned down side target of 795-775 (low was 774 on 18th Jan 2016), not only that, from their it bounce backed and now  trading at 890.


now what next ? 

Face Resistance 900-920
But above that upside Target 1035--1065

***
Already mentioned support of  775 remain same
But stays below 785-765 
ULTIMATE DOWN SIDE TARGET 435--415




Info Edge (India)

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NAUKRI (730) -  The company name may be INFO EDGE ,but now,  it is trading at lower edge of  15 months consolidation.

So Last hope and Support 710--690
If hold , 
then the upside target 880--910
  &  980 --1020
***
But below 710--690
take it down to  505---455




NIFTY IT INDEX

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Nifty IT (10769) -  This month showed its weakness in macro point of view.

Last hope and support 10700--10600

Either one monthly or two continuous weekly or  six continuous daily close below that gives confirmation for a big down fall 
that take it down to 8650--8450





NIFTY

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DOUBLE DIGIT PERCENTAGE MOVE  since 1998.


Motherson Sumi Systems

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MOTHERSUMI (227) -  SUPPORT 217--197
But below that 
next support 130--110




Tata Communications

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TATACOMM (352.75) - Last hope and Support 350--330
But below that 
Ultimate Downside Target  209--197
with in between support at 260--250





Tata Global Beverages

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TATAGLOBAL (102.65) - Posted on 25th Aug. 2015 as "Last hope and support 112-108
But below that 
ULTIMATE DOWN SIDE TARGET 67-65
with in between support at  81-79"



After this post,. on the posted date itself, it took support at the mentioned support level of 112-108 (that day low was 108.55,) from their it went up to 149.80 on 06th Jan., and correction started and in the last four days it traded and closed below that mentioned last hope and support of 112-108.

***
Now what is in ? 

Resistance 108--112 
below that 
ULTIMATE DOWN SIDE TARGET 67-65
with in between support at  81-79

***

NIIT Limited

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NIITLTD (71.20)  (click the chart to get the zoom view)




MRF

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MRF (31811) - Last Macro Uptrend started from 1470 on March 2009, from their, in this move, it made high 46399 in Aug. 2015.  (that means it moved up by 31 X in 6 years)
**
This month already it gave signal for the macro down trend.

any way now Hope and Support 31400- 30000
But stays below that downtrend get more strength 
that take it down to 24400-24000
In case if NOT hold this level and stays below that 
then the 
ULTIMATE DOWN SIDE TARGET 16400-16000





Just Dial

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JUSTDIAL (415.35) - Posted on 01st Feb. as "Now last hope  590-570
but below that 

next in down side 400-380"



After this post, on 01st Feb . it went up to 623.85, from their, on the same day itself, crashed up to 536 and closed at 567.45,  so closed below 570, that means break down close and  after that almost 4 days repeatedly made high 590 and yesterday it attacked the mentioned down side target ,made low 375.70 and closed at 415.35 
that means from the break down point of 570 to  down target point of 380 (Rs.190  or  33% ) happened in 10 trading session. 

***


What next ? 



Now support exists at 410-380


NIFTY - non-traded GAP filled after sixteen months.

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Srikalahasthi Pipes

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SRIPIPES (218.70)  (click the chart to get the zoom view)





Relaxo Footwears

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RELAXO (417.70)  (click the chart to get the zoom view)








Lupin

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LUPIN (1906) - Posted on 30th July 2015 as "BOTTOMED OUT AT 1620-1580"
On the posted date, it came down to 1621, from their it went up and resisted at 2129 on 06th Oct 2015, from their, fall started and once again took support at the mentioned support level of 1620-1580, this time it made low 1603 on 05th Feb., with in three days, yesterday it made high 1912.

***
what next ? 
Now going to resist at 1950--1980

But in case trade and stays above that 
Going to TOP OUT  2120-2220

****
Below chart explain even better. (click the chart to get the zoom view)





Dabur India

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DABUR (251) -  Resistance 250--260
If not move beyond, 
can expect Down side  210-205  & 189--179




Vedanta

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VEDL (73.90) -  Posted on 31st Aug 2015 as "face resist at 116-121
and support once again at 82-78
but below that 
down move continue to 62-58"


After this post, it went up to the mentioned resistance of 116-121 (it made high 119.10 on 12th Oct.2015) from their, fall started and came down the mentioned down side target of 62-58 (it made low 60.35 on 03rd Feb 2016) and last Friday closed at  73.90.


***


Now what is in ? 

Down side support remain same at 62--58
above that upside target 85--95
   &  once again top out 116--126