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Month: March 2014

HINDALCO – TECHNICAL CHART STUDY

buy HINDALCO above 126-127 range sl 120 target 134-142 technical chart study with chart we can see that hindalco is having a good resistance in a range of 126-127 so if price able to sustain above 126 for 15-30 min one can take position and add more above 127 if price not sustain then dont […]

MERCK – TECHNICAL CHART STUDY

buy MERCK above 616 sl 590 target 645-675 technical chart study stock has made “RISING WEDGE” on chart now, price made new recent high, but rsi still down, some sign of “BULLISH NEGATIVE DIVERGENCE” on chart. so if price able to cross 616 and able to sustain above 616 for 15-30 min. then only one […]

ING VYSYA BANK – TECHNICAL CHART STUDY

buy INGVYSYABANK above 610 sl 550 on closing basis target 685-750-825 holding period 2-3 months technical chart study as per technical chart we can see that stock is able to touch its 3 months high now. there is a development of “SYMMETRIC TRIANGLE” on chart now, having a width of this triangle of rs. 225, […]

ARVIND LTD – TECHNCIAL CHART STUDY

buy ARVINDLTD above 168 sl 160 target 178-185-197 technical chart study as we can see that stock is in uptrend from past 6 months. recently it has taken support on trendline with “POSITIVE DIVERGENCE” and able to move till new 52 week high. today it has given a “BULLISH NEGATIVE DIVERGENCE” breakout at 160 level […]

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