P&F charts - Update

Date: 17th November 2015


Grasim did 3555. Mind Tree is trading around 1450, stop can be trailed to 1490. Stop loss triggered for TVS Motor as it closed above 290.

- Prashant Shah, CMT, CFTe

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F - Resistances in downtrend

Date: 8th November 2015

Grasim ( LTP 3689.05)

Price is trading near previous supply zone. Column reversal will provide trading opportunity. 3550 possible. 

Mindtree (LTP 1498.45)

Negative divergence. And follow through to High pole make the picture negative. Short with stop placed at 1540 for target around 1380. 

TVS Motor (LTP 283.30)

Supports at Anchor point worked. Will the resistance work? Opportunity to short with stop around 290 on closing basis. 268 likely. 

- Prashant Shah, CMT, CFTe

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Update

Date: 6th November 2015



Bajaj auto achieved 2420. Dr Reddy witnessed sharp fall after column reversal and saw 3615. 

- Prashant Shah, CMT, CFTe

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts: Bajaj auto & Dr Reddy

Date: 1st November 2015

Bajaj auto (LTP: 2550.45)

Price has witnessed column reversal from previous supply zones. Expect it to come to anchor point of current move at least which is place around 2420. Stop is to be placed at 2590.

Dr Reddy (LTP: 4279.90)

Price at supply zone but need confirmation of column reversal. Upside not crossing 4355 is an opportunity for bears. Expect it around 3900 soon if failed to cross that level. 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - update

Date: 25th August 2015

To mark things in diary, Relinfra traded below 300 and saw 281. Rcom went below 50 rather marked low at 45.50 as of now. Yes bank achieved lower count of 625 and marked low at 595. Stoploss for Jain irrigation long triggered. Bank Nifty future witnessed strong trend and saw 16650 after that tight consolidation.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Relinfra, Rcom

Date: 18th August 2015

Relinfra: 352.60

Relinfra is possible to trade below 300. Stoploss to be placed at 368.

Rcom: 60.25

Rcom may trade below 50. Stoploss to be placed at 63.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F chart - Yes bank

Date: 20th August 2015

LTP: 720.05

Yes bank has broken lower levels after long price consolidation and much attempted upside breakout. 625 looks possible. Stoploss to be placed at 760 on closing basis.

=

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.