- 22 Jul 1607:33 AMBUY ASHOK LEYLAND: The stock surpassed its falling supply trend line with strong buying interest and is moving after taking support at it 50 weekly moving average.07:24 AM8330 remains a significant level to track as 'Spinning Top' formation near the resistance re-confirms the significance of the level.
- 21 Jul 1608:19 AMThe stock surpassed the hurdle of Rs 1327 levels after the consolidation of last 13 trading sessions and gave a price volume breakout. It has been continuously taking support at its 13 EMA and trading well above its 50 and 200 DMA.
- 20 Jul 1608:34 AMBUY ASHOK LEYLAND: The stock has taken support at its rising support trend line and is giving the signs of bottoming out at its 50 weekly moving average.06:00 AMStop-loss long positions at 18,850. Stop-loss short positions at 19,100. Big moves could go till 19,300, 18,650. Slightly bearish trend.
- 19 Jul 1608:26 AMWeekly channel pattern indicates a target up to 8700 while a breach above the same could extend the momentum. Nifty is yet to witness any exhaustion of the ongoing bullish trend.08:18 AMThe stock formed a “flag and pole pattern&" on daily chart which has bullish implication. It gave a breakout from the consolidation phase of last 9 trading sessions and surpassed its hurdle of Rs 193 levels.06:00 AMStop-long positions at 18,820. Stop-short positions at 19,030. Big moves could go till 18,600, 19,250. Trend slightly bearish.
- 18 Jul 1608:39 AMBUY IDEA: The stock surpassed the resistance of 108 zones and gave a consolidation breakout. It turned from the lower levels after forming a strong support base in the previous month and now holding above its 50 DMA.08:33 AMMarket closed weekly in positive territory. It has achieved my short term targets levels near recent high as expected last week. It made a high of 8571.40 levels.
- 15 Jul 1608:25 AMThe stock surpassed the immediate falling trend line with increase in volumes after taking multiple supports around Rs 980 zones and respecting to its 13 EMA.08:00 AMNifty is expected to continue its run towards 8700. Follow up momentum if any could amplify only above 8700 which could extend the rally.06:00 AMStop-loss short positions at 8,650. Stop-loss long positions at 8,520. Big moves could go till 8,720, 8,455. Uptrend dependent on Bank of England newsflow.
- 14 Jul 1608:12 AMThe stock is moving after taking multiple supports and snapped most of the losses made in previous week. It has been taking support at its 50 weekly moving average and turning from lower levels of its recent trading range.
- 13 Jul 1608:13 AMThe stock surpassed its falling supply trend line and registered a price volume breakout on daily and weekly chart. It has been making higher highs – higher lows from last two sessions and took support at its 50 DMA.
- 12 Jul 1608:25 AMNifty post consolidating in the tight band of 8450-8250, gave a breakout on upper side. The momentum indicator RSI is yet to register an overbought situation thus ideal for uptrend to continue.08:15 AMThe stock gave a breakout and surpassed its multiple hurdle of Rs 520 levels with rising volumes. It has been making higher top – higher bottom formation and supports are gradually shifting on higher side.06:00 AMStop-loss long positions at 18,375. Stop-short positions at 18,600. Big moves could go till 18,800, 18,200. Sentiment looks strong.
- 11 Jul 1608:05 AMMarket closed weekly marginally in negative territory. It consolidated in thin range for the entire week. It traded in narrow range for whole week. It made a high of 8398 levels. It still trades in channel as per daily chart.08:00 AMThe stock been making higher top – higher bottom formation and supports are gradually shifting on higher side. It has taken immediate support at Rs 495 - Rs 497 zones and heading towards its life time high territory.