Nifty & BN in buy mode

3/5 EMA crossed over to buy mode for both NIFTY & Bank Nifty yesterday.

Prices are above 10 D EMA as well.

Nifty & BN in sell mode

Bank Nifty is in sell mode as per 3/5 EMA crossover. It was  in Buy mode since 15600 levels for a long time giving a profit of 2900 points. Nifty is in sell mode since yesterday.

10 d EMA for Bank Nifty is at 18435 & for Nifty at 8502.

Nifty Bounced yesterday from 8360 levels

Till this hour Nifty is taking support at 8360, the lower trendline. Breaking 8360 can lead tomore correction.

 Bank Nifty has already broken the trendline, and falling in a narrow channel. Breaking the channel on lower side can only add momentum to this fall, else it will be a shallow one.

Bank Nifty Flag

BN forming a flag like pattern. Break below 17200 will be a sell, and break above 17400 will be a buy for higher levels.
It may face resistance at 17400 levels and come back to 17200 levels.
12.15:  Book profit once and can be shorted again below 17180 SL 17220.

EMA 3 & 5 Crossover

SAR Nifty Sell 8035 8080 Bank Nifty Sell 16035 16114

MACD & 13/5 EMA signals

All sell calls means the market has topped out for the time being.

Some Breakouts & MACD signals of the day

Breakout & Macd-13/5 EMA

Breakouts & MACD signals of today

Some Range Breakouts & MACD Buy Signals

Some MACD Buy Signals

Some Range Breakouts for today

Note: These are for study, information purpose only. Do your own study before taking any action.

Range Breakouts for today

Note: These are for study, information purpose only. Do your own study before taking any action.

Some Recent MACD & 13/5 EMA Buy signals

Some MACD Buy Signals

After 3/4 months of correction many stocks have started generating MACD buy signals. A small list of buy signals generated on 22/08 on basis of MACD & 13/5 EMA.

R Capital Trendline Breakout

A falling trendline breakout. If sustains above 571 (SL 550), it can target 590, 620.
It was a sell 2 days back due to range breakdown. It has swiftly come up. Can be a good bet above 571.
SL can be placed at 560.

Some Range breakouts of 21/08/14

Some Range Breakouts of the day

The above is only for purpose of study. These are not recommendation to BUY/SELL. Do your own study before taking any action.

TataSteel, Rel Capital

Tata Steel seems to have bottomed out. Buy with SL of  530. Target 600+.
Rel Capital can also be bought. Sl day's Low.
Time period 3-4 months.

Similar opportunities are possible in SBI, Hindalco, IDFC, Jain Irrigation, Torrent Power and host of other stocks. 

LT +WW

Another +WW on LT hourly charts. Target around 1700+. SL 1470.

Sintex +WW

Sintex +WW formed. Target around 110+. SL 80.

TataSteel Trendline Breakout

Bought TS at 555 on Trendline Breakout.
2.50 P.M. Took profit @559

BN, Hindalco double top

BNF & Hindalco made double tops and could not sustain above the previous highs. Shorted below failure to sustain candles (BN 15350) and took profit at resistance near 15220.

Hindalco Aug Future 5 min Chart

Today BNF trade stopped out due to tight stop loss.
Missed earlier oppertunity to short Hindalco at 188 on IR(initial range)  BOF(breakout failure).
Bought at BPB @187.25, and took profit early at 190.5 at closing hours.
Decision to buy was prompted due to size of candles during correction from days' high of 189.30 to 186. The candles were small. The correction took more time than value. It was bouncing from a 61.8% level of previous rise from 184.3 to 189.3.

BNF Aug

BN Aug Future 5 min chart. Bought on greeen candle close above pivot at 15296.
Initial SL at 15210, revised to 15240, then trailed to 15280.
Took profit at 15360. Gain 64 points gross.
Went above the green line. Now waiting to short below this line @15360. 

1.20 P.M.: Revised trigger for short to 15390. 
1.55 P.M.: Took Profit  @15310

Total Profit for the day 64+80=144 points.



 

Radico, L&TFin on a breakout

Radico Khaitan on a breakout above 117. LTfin is a breakout above 80.

Torrent Power

Targets for JP Ass, Monnet Ispat, Torrent Power achieved.

Monnet Ispat can be a hold. Above 165, it can target 250-300 in 6 months.

TorrentPower

Torrent Power can be bought at 125-127 again for a target of 160-165. SL 120.

M&M Fin

Torrent Power, Jp Ass, Monnet Ispat, Wipro, Delta Corp

All seem to have given breakouts.
Idfc seems to have completed its correction. Anyway it can be bought even on dips. In worst case scenario it can go to 103. It is for long term. Targets at 140, 165.

Monnet Ispat

Monnet has given a breakout now.

JP Assoc.

JP Ass. after a steep fall has done a 1-2 at 37, then a small i & ii seems to have completed at 52 region. Can be bought with a s/l at 50. Target of 70-75.


Torrent Power is moving well.

Wipro is in its last leg of downfall. Seems to be in iii of  C5.

MCX is showing bounce from the level of 78.6% of its last rise. It can now easily cross 610-620 level and move towards 820.  A small resistance at 700 level.

Monnet Ispat

Monnet Ispat seems to have completed its correction. Can be a buy here. S/L 77.5, Ist Target 120-130. Long term if it holds above 60, can double.
 Fundamentals are also too strong. EPS of Rs.32.3 , book value of Rs.392. (Source Moneycontrol)

BankNifty

Bank Nifty Future stuck in a tight range. Wait for a breakout.

TorrentPower

Looking for a upside of 30-40%. Add on dips.

Hindalco Revised Chart

Hindalco completes its correction

It seems to have completed its correction and now has started to move up.

BN 10dema broken on downside

Bank Nifty is in sell mode now, after a long upmove.
10.50: SL hit . Buy mode again.

Voltas, Crompton falling from channel top

Sell Voltas SL 158.
Sell Crompton SL 162. Target 8-10 on downside.

Wipro

Buy Wipro. SL 540. Target 575,585.   Correction seems to be complete.
a-b-c correction looks complete.

Adani Ent, Tata Steel, DLF

Breakouts expected in Tata Steel, DLF, Adani Ent., Dish TV.    
Corrections seem to be over in the above stocks.

Wipro, TCS

Wipro, TCS likely had a correction. Buy with a SL.
Wipro SL 555, TCS SL 2140.

Scrips to watch

Watch Idea, R Capital, R Com, SBI for next upmove. Wait for breakouts to buy.

Hindalco gave a good breakout today.

Dish TV gave a good breakout

Hindalco

Hindalco seems to have completed its correction and has started to look up. Buy with a stop loss of 2 Rs.

Petronet LNG has completed its correction and is going strong. 

Delta Corp, Dish Tv

Dish Tv, Delta has also similar patters as BOB, SBI etc.. Wave 5 up has started in Delta. Dish TV is in Wave 3. Decent 30-50% upmove can be expected.
MCX : Wave 3(3) seems to have started.  Looking for a target of 700-750+ in 3-6 months.

BOB, Yes Bank

Both the banks are showing similar chart patterns. An a-b-c correction seems to have ended in daily  charts. Macd has also started to look up. 3-6 months target should be a decent 30-50% return.
Many other banks including SBI may be showing similar patterns.

Tata Steel, Crompton, Voltas having similar patterns are moving up well.

Hindalco

Hindalco can be a good bet from here on upside. SL 97.5.
12.35: Exit Hindalco. Not showing enough strength.

Crompton

Crompton 3(ii) looks complete. Buy for the larger upmove now.

Tata Steel

Tata Steel: Correction seems to have ended at 360 (target price given earlier). Wave 5(3) up has started.
 SL 360. Target 400+.

Arvind

Arvind looks to have done a 5 wave up from 65 to 156. Correction has just begun.
23.6% at 134.7 & 38.2% at 121.36.
Wave wise A= 156 to 138
B= 138 to 153.7
C has begun. SL 152.

Maruti

Maruti Booked profit.
LIC Housing Target :190-185, SL 204.
1.45 P.M.:   Took profit in Tata Steel.
                    Short Ongc. SL 280. Target 270.
3.10 P.M. : Book Profit Ongc, Lic, Nifty, BN.

TATA STEEL, MARUTI

Revise SL Tata Steel 380, Maruti 1670.

Tata, Maruti

Tata steel is in favor. SL 387.
Maruti Leg down has started. SL 1690.

Tata Steel

Tata Steel seems to have completed a 5 wave upmove at 392, made a double top and has started falling.
Seems to be in wave c2 down. Likely targets around 360.

PROFIT BOOKING

Crompton doing well.Took profit in F&O. Holding deliveries.
Booked profit in Bhel.
Tata Steel is looking up now.

Bhel

Bhel crossed its 10d EMA yesterday. And today also after a dip, it is again showing strength. SL at todays low.

Maruti Suzuki -

It seems one more down move will complete the correction here.

Crompton update

Crompton is up 5% today morning.
Tata steel SL hit.

MCX is holding the 458 low of Jan20, even in this downturn. If the lows are hold it will show upsides soon.

Tata Steel

Tata Steel correction looks complete. SL 355. Target 380-400.

Crompton seems to have completed its correction

Prices have almost reached  C = A X 2.618.  If it does not break 80 region, can show an upmove towards 150-70 range. Short term it can move another 2-5 points down.

WISH   YOU   ALL  A VERY   HAPPY NEW YEAR   2014

The last week lacked volumes due to holiday mood of FIIs. Nifty has been hovering around 6250-6300 and BN is hovering around its 10D EMA.

Hope soon the volumes will return and the range will be broken.