RSSOFTWARE WEEKLY CHART

STRONG BUY RSSOFTWARE above 96 STOPLOSS 70 TARGET 150---200 (PURELY DELIVERY)

GRAPHICAL PRESENTATION:

TECHNICAL PRESENTATION:

Since start of the year 2015 stock has corrected from 300 level to low of 58 level in mid Jan 2016 where the counter has find some support level and from last 11 month the counter is consolidating in the price rage of 60 to 100 level. Further, the RSI Oscillator on weekly chart is indicating positive divergence from start of November month which is also coincide with MACD parameter too. So considering the above technical parameter on weekly chart we are advising our clients/Traders/Investors to but the stock after due diligence.

TVS ELECTRONICS LTD DAILY CHART

BUY TVSELECT ABOVE 176 STOPLOSS 150 TARGET 250---300 (PURELY DELIVERY )

GRAPHICAL PRESENTATION:

TECHNICAL PRESENTATION:

On daily chart, recently stock has given a sharp rally from 100 to 231 within just 14 trading session which is spectacular gain in-spite of market under performance due to demonetisation by Modi led NDA government. so if we draw an Retracement from 100 to 231 level, after touching recent new high now the stock is in profit booking mood and has taken an support at 38% retracement level which coincide at 177 on close basis. Thus we are again advising our clients to reenter if they have missed first upmove rally in this counter.

LUPIN DAILY CHART

Buy LUPIN 1480---1490  Stoploss 1420 Target 1600--1650 Duration- 4--7 Days

Graphical Presentation:

Technical specification: Lupin on daily chart had formed a double bottom in recent last three trading session from where it has given strong up move with good support of rising volume above daily average so we can expect the upmove will get extend till the price hold level of 1520 on closing basis. Also on RSI parameter it is on rising upward above 50 level in coming days so there is still lot of upside is left on daily chart. So Traders & Investors are advised to trade as per there risk appetite after consulting his Financial Advisor.

Justdial Daily Retracement Analysis EOD

JUSTDIAL LTD

Buy Justdial 465---470  Stoploss  446  Target 554---621 Duration-2Months

Remarks: Justdial on daily chart had recently made a top of 904 in may month from where it is continuously sliding to downward and forming lower low and lower high pattern and is now in this month it is trying to consolidate for sometime after making a low of 446 in august this month and now it is showing some sign of retracement on upside. so if we calculate 23% retracement from high of 904 it comes to 554 and 38% retracement comes to 621 where this stock should go on upside in coming 2 months.

SBIN Daily Chart Gann Line Analysis

Technical Desk Call : 05 May 2016

Strong Buy SBIN 179---175  Stoploss CB 165  Target 189---205  Duration: 20 Days

Justification: SBIN on daily chart looking very weak from last seven trading session where it had been cooling off from 200 level till today also it has been closed in lower side at 179.95 on close. we are expecting this counter to get strong support in coming days around 165 on close basis. On Technical parameter if we plot a study called " GANN SPEED LINE " than the stock should found support around 179 to 175 in coming trading session and also we are predicting RSI indicator should also support the chart pattern around 30 value. 

NITESHEST DAILY CHART ANALYSIS

Technical Desk Call: 27Apr2016

Buy NITESHEST 14--14.50  Stoploss 11 CB  Target 22----25 Timeframe- 2Months

Justification : The NITESHEST on daily chart today looked promising as the counter had witnessed huge buying interest with above average volume on daily chart. Also before bouncing back today the counter had exactly taken a support level at 89DMA yellow line and had faced minor resistance level at 200DMA green line, but we are of the view that in coming days the counter will easily surpassed this minor resistance of 14.50 level. RSI on daily chart is also looking positive till it maintain above 70 mark, so looking above technical setup we advised Investors/Traders to buy the stock with due diligence.

TATASTEEL DAILY CHART ANALYSIS

Technical Desk Call: 28March2016 

Future Strategy:

Sell TataSteel Fut(Apr) 311---310  Stoploss 322 CB Target 281---271 Time-frame 10---14Days

 Option Strategy :

Buy Tatasteel 280 Put (Apr) 3--4    Stoploss Rs. 1  Target 10--12

 

Justification:  The stock has seen a sharp rally in current march series from its latest double bottom range 210-220 till today's high of 218 which was almost double top formation on daily chart. At current juncture, the stock bottomed out from 210 level to sharply bounced till 318 which on retracement chart if we see than today it has faced a stiff resistance level around 320 level on closing basis and had sharply corrected as expected which suggest some profit booking to emerged till level of 280---270 where again a stock can consolidate for some time. 

At the same time, we are also observing a strong resistance and overbought indication on RSI and a negative divergence on MACD on daily chart which suggest some reversal on card. So considering current chart structure, we believe that this recent up move was mere a pull back of sharp fall in the counter of the past and thus we are again expecting some selling pressure to emerged again in this counter. Hence traders are advised to take short position as shown above.