Friday, July 15, 2016

WEEKLY TECHNICAL ANALYSIS OF MARUTI FOR 18 JULY

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: ZEEL ALMOST HIT TGT 472 MADE HIGH OF 471.45
LOT SIZE: 300
DAILY TOTAL PROFIT: 21000 IN JUST TWO LOT
LAST WEELY RECOMMENDATION:
IN BULLISH MOMENTUM: YESBANK HIT ALL TGT 1145 MADE HIGH OF 1183.45
LOT SIZE: 700
DAILY TOTAL PROFIT: 28000 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>
“BUY MARUTI ABOVE 4500 TGT 4525/4550”
“SELL MARUTI BELOW 4420 TGT 4390/4350”
DAILY CHART FOR MARUTI:
Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 4500 ; as the stock is managing to trade above its 50 and 200 days moving averages with the RSI of 70, one may expect the targets of 1520  in the stock if it manages to sustain above the immediate support level of 4400. The stock is in bull run and is forming a reversal pattern also in short term charts, it is likely to show correction with the breach of the support level of 4420, where one may initiate the short position in it for the targets of 4300, while stop loss can be placed at 4500.Today,Sensex ended with a loss of 106 points at
27,836.50. The Sensex opened at 27,966 touched an intra-day high of 28,048 and low of 27,736.The Nifty closed with a loss of 24 points at 8,541. The Nifty opened at 8,565 hitting a high of 8,594.80 and low of 8,510.
TOP GAINERS: Tata Steel, Bharti Airtel, Idea Cellular, HDFC, HDFC Bank, Bosch
TOP LOSERS: Infosys, TCS, Tech Mahindra, Wipro, Aurobindo Pharma, HCL Tech, NTPC

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