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Showing posts from February 8, 2016

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.


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Now what is in ? 

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

Tech Mahindra

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TECHM (475) - Hope and Support 470--450
If hold , then the upside target 563--583.

But below that,  next down trend going to start.
That take it down to 335--315





Steel Authority of India

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SAIL (40.85) - In Aug.2013 , Lowest low was 37.60, from their, it moved up and topped out at 112.95 in June 2014 and this month, retested the 2013 low ,this time low 37.90 and last Friday closed at 40.85.
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Now what is in ?
If not close below 37,  expect the uptrend target 56  &  69
in case close below 37,  then next in down side  28  & 15+