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

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 above that  pull back target 570-590  &  908-938. *** But  trade and stays below 410--380 Down side target 220--200 and below that   Ultimate Downside Target  135--115 *** Below chart explain even better (click the chart to get the zoom view

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 But now in case close below 62--58, then the next in down side 41--39 *** Below chart explain even better. (click the chart to see the zoom view)