Friday, March 16, 2018

ARVIND IS IN SHORT TERM DOWNTREND


"SELL ARVIND BELOW 395 TGT 390/380 SL 406"

FOR NEXT UPDATE KEEP READING 

TECHNICAL VIEW:  Arvind Limited is a textile company. The Company's principal products/services are finished fabrics and garments.ARVIND is forming a bearish pattern in short-term charts, the Primary trend of the ARVIND is bearish. Strong Support level is seen on the daily chart at 392. , it is likely to show correction with the breach of the support level of 392, where one may initiate the short position in it for the targets of 380, while stop loss can be placed at 406.  as the stock is managing to trade BELOW its 22& 55 &200 days moving averages with the RSI of 42.  on the other hand After the breakout, the resistance level of 406 One may get the targets of 412/420 in the stock with the stop loss of 395.
DAILY CHART FOR ARVIND:




Thursday, March 15, 2018

STAR SHINES AS PREDICTED ON 12 MARCH POST



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"BUY mcx ABOVE 817 TGT 838/850 SL 780"



Primary trend of the MCX  is bullish for now and  After showing correction from the higher level of 1249, now stock is trading in short term recovery phase, 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 817; as the stock is managing to trade above its 22 &55 moving averages with the RSI of 62, one may expect the targets of 838/860 in the stock if it manages to sustain above the immediate strong support level of 800. 876 level is seen as a strong resistance.
DAILY CHART FOR MCX

Tuesday, March 13, 2018

KEEP AN EYE ON TCS ; 14 MARCH 2018


BUY TCS ABOVE 2950 TGT 3000/3050 SL 2900
SELL TCS BELOW 2900 TGT 2850/2800 SL 2950

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Primary trend of the TCS is bearish and after giving breakout of its range-bound movement, it is forming continuation pattern in short-term, medium term and long term charts, it is likely to continue the negative movement with the breakout of the pattern at the levels of 2900 level. as the stock is managing to trade below its 22& 55 days moving averages with the RSI of 40, one may expect the targets of 2850/2800/2800/2750 in the stock if it manages to sustain below the immediate resistance level of 2950. above 2950 one may expect the target of 3000/3050.
DAILY CHART FOR TCS:

Monday, March 12, 2018

TECHNICAL VIEW ABOUT STAR FOR 13 MAR 2018


BUY STAR ABOVE 677 TGT 690/720 SL 644

Primary trend of the STAR  is bearish . and  After showing correction from the higher level, now stock is trading in short-term recovery phase, 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 677 ; right now the stock is  trading below  its 22& 55 AND 200 days moving averages with the RSI of 40, one may expect the targets of 690/710 in the stock if it manages to sustain above the immediate strong support level of 644 level . 700 and 744 is seen as a strong resistance at 22 & 55 EMA.

DAILY CHART FOR STAR