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Charts and analysis for stocks trading on NSE

STOCK CHARTS

HUL APRIL 2010
GAIL MAY 2010
SBI
Voltas
Hero Moto
BHARTI SHIP OCT 2010
Sintex
L&T
JINDAL STEEL NOV 2010
BAJA AUTO JAN 2011
TCS APRIL 2011
PRAJ JUL 2011
JUBILANT FOODS
Tata Motors
IDFC
TTKPRESTIGE ~ DEC 2011
ASIAN PAINTS
SAIL & HUL
RANBAXY
ACC
RIL

 

ANALYSIS OF STOCKS TRADING ON NATIONAL STOCK EXCHANGE [INDIAN STOCK MARKET]


HINDUSTAN UNILEVER ~ Soups to Soaps Sat Apr 10 2010 11:53:29
Interesting to look at Hindustan Unilever long term charts. LINE CHART [WHITE] =  5 years support trendline has been breached [dotted white]. CANDLE CHART - 6 years support trendline [BLUE] may lend support around 215 zones. March candle does indicate a possibility of short term reversal. Noting the tendency of HUL to bounce sharply from this trendline indicated by the long lower shadows on the monthly candles, covering shorts and adding some contra longs (CMP 221.35-215) looks prudent for targets of 240-250+. Stops for longs could be 209.95 on weekly closing basis. Can short below 209.95 if breached on weekly basis for 190-185-165 zones with stops above 218.10 on weekly closing basis.
Follow Up HUL moved as expected.  Made a high of 274.35 on 24/06/2010

GAIL Sat May 22 2010 13:20:45
[REFER CHART HERE]
Classical symmetrical triangle breakout. Making life highs in weak markets. Can Target 490-500 areas in short-medium term. Bargain entries possible. Weak if closes below 428 now.
Follow Up - GAIL moved as expected. Made a high of 516.70 on 25/06/2010

BHARTI SHIPYARD Tue Oct 12 2010 18:50
[REFER CHART HERE]
Clearer Skies, good weather to sail north !Strong if able to have a weekly close above 255. Minor resistance @ 264, above which 280-300+ possible. Medium term +ve outlook maintained above 220.
Follow Up - Bharti Shipyard moved as expected. Gave an opportunity to buy at sub 230 levels.  High of 293.80 on 28/10/2010

JINDAL STEEL
Fri Nov 12 2010 18:47
[REFER CHART HERE]
Jindal Steel has been sideways for more that a year in 600-750 range. Weak below 675 for 600 in short to medium term. Strong above 675 for 750 in short to medium term. Bearish below 600 for minimum price objective of 450 in medium to long term. Above 755 is bullish and can achieve 830-900 areas in medium to long term.
Follow Up - Jindal Steel cracks below 600 to 450.25 (26/08/2011) and achieves med-long term price objective.

BAJAJ AUTO
Wed Jan 05 2011 19:01
[REFER CHART HERE]
Head & Shoulders reversal, Multi Month support Trendline breached. 20-50 EMA crossover first sell signal after been in buy for almost 2 years. Expect further weakness below 200 EMA or at best sideways action.
Support areas 1260-1200-1110-1060-1000, Resistance areas 1430-1485-1565-1620-1665
.
Follow Up - Bajaj Auto was analyzed @ 1374.50 on 05/01/2011, tested  1165.65  on 31/01/2011.

TCS Sat Apr 23 2011 18:26
[REFER CHART HERE]
Noted ~ Weekly Reversal Signals ~ Shooting Star Candle & Rickshawman Doji with identical tops (1246-1247)
Noted ~ Dark Cloud cover on daily charts with heavy volumes. RSI & MACD in sell mode.
Though TCS remains in long term term uptrend above 1055, caution advised for short term.
Fresh longs advisable only on break above 1247, can target 1385 areas above that.
Fresh shorts advisable only on break below 1140, support exits at 1103-1093-1055.
Follow Up - Made a low of 902 on 22/08/2011

PRAJ INDUSTRIES Sun Jul 24 2011 17:23
[REFER CHART HERE]
Interesting stock to follow on charts. Lets look at the past before we look for future anticipation ! From life time highs of 272.95 it made in Dec 2007 it collapsed to 49.55 in Oct 2008 along with most other stocks which got hammered in the mighty bear market of 2008. Markets bottomed out in Oct 2008 but Praj made a lower low of 45.05 in March 2009 ! Praj caught up strongly in next few months, outperforming the markets and made a high of 122.70 in June 2009. Since June 2009 Praj was again in downtrend with series of lower tops and bottoms, Praj tested key supports around 61 in Feb 2011. Praj Industries since Feb 2011 has been consistently making higher tops and bottoms. On 22nd July 2011 Praj saw massive price and volume expansion. Praj gave a breakout from a symmetrical triangle on life time high volumes. In the process it also took out resistance from a true supply line and also from an unconfirmed one. Praj now has made a strong bottom around 61 and now in confirmed uptrend. Short term indicators are overbought, any consolidation could be opportunity to buy for targets zones of 112-122. Immediate resistance expected around 98, immediate support expected in 89-85 zones. Best case scenario for Praj would be a breakout above 123 for targets of 140 and beyond in medium-long term. Close below 77 would negate the bullish stance on Praj in short term.
Follow Up - Closed below 77

JUBILANT FOODWORKS ~ from Weekly Newsletter #3
[REFER CHART HERE]
Domino's Pizza - khushiyon ki home delivery ! But wait for lower levels to take delivery of the stock !!
Jubilant Foodworks, incorporated in 1995, offers a menu of quality Pizzas and side dishes to their customers. Jubilant offered shares @ 145 via IPO, on listing day (08/02/2010) it closed at 229.10
In span of 20 months Jubilant Foods has rallied 700%+. Medium to long term the trend is still up but the short term picture looks dicey. Weekly RSI divergences, Weekly Engulfing patterns on relative higher volumes, does advice caution on long side. 972-1022 areas may now offer very stiff resistance. Short term traders can look to short in rallies with appropriate stops.  Below 900, test of 23.6% Fibonacci retracement areas of entire uptrend possible(Approx 820 areas) in next 2-4 Weeks. Medium Term Trendline, 40 Week Moving Average, 38.20% Fibonacci Retracement & chart patterns does give a very strong confluence support area around 700(+-30). Medium to Long Term Investors can start to accumulate gradually below 700 areas. 500-465 looks a very long term floor for Jubilant Foods (best bargains & worst case scenario for long term (12-24 months)

Follow Up - 633.95 on 04/10/2011

TTK PRESTIGE
Sat Dec 17 2011 15:37
[REFER CHART HERE]
TTK Prestige Limited is part of TTK Group, over the past five decades it has emerged as India’s largest kitchen appliances company catering to the needs of home makers in the country. On the bourses too, the stock has had a dream run, one of the strongest bull rally of past few years. The dream run started from 86 on 30/03/2009, it made a high of 3175 on 22/07/2011. Stock has been a multibagger, multiplying more than 36 times in span of 29 months !  It has been one of the top performer in 2011, up 60%+ till date.
Typical of consumption story stocks, the vertical rises in the stocks are often followed by healthy time & price correction when the market participants realize that they have priced in too much of growth in the stock.
Smart gradual distribution noted in form of evolving descending triangle pattern (confirmed on move below 2340). Usually descending triangles are continuation patterns but they can also signal a long term top and reversal. Stock is testing 200 day moving averages often now.  Breach below 2340 would be confirmation of descending triangle breakdown well below key support trendline and 200 day moving average giving long term downside targets of 1500. From CMP of around 2600 if had to anticipate on next 600 rs move, bias would be to expect 2000 (38.2% retracement) rather than 3200(new life time high). Move above 2905 would require revisit to the charts and review of the bearish stance.
Follow Up - 2161 on 16/01/2012, 3230 on 10/02/2012

ASIAN PAINTS
Tuesday 5 June 2012 9:27
[REFER CHART HERE]
Asian Paints shot up on huge volumes on expiry day and now has had an equally sharp correction on follow up day. Uptrend looks overextended and stock now looks due for some correction. Weekly Gravestone Doji is a powerful reversal signal. Areas close to 4191 may offer stiff resistance now. Investors can look to book at-least partial profits in all rallies with intention of buying it back in 3400-3100 range in next few months.
Follow Up - Dipped to 3450 in late July 2012. 

TALE OF TWO STOCKS  Tuesday 17 December 2012 14:56
Bullish inverted head and shoulders reversals in SAIL for target of 91
Bearish inverted head and shoulders reversals in HUL for target of 440
Follow Up - SAIL hit targets and tested 101.75 on 7/1/2013.
Follow Up - HUL hit target 440 on 28/02/2013.

Ranbaxy hit targets, made a low of 301.50 on 25/06/2013