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.

TATASTEEL

TECHNICAL DESK CALL : 12 AUG 2015


Positional Strong Buy Tatasteel above 255 Stoploss 245 Target 270---275

tatasteel daily chart- Fibonacci analysis example

Remarks: Tatasteel stock on daily chart looks interesting from the point of view of some consolidation is being done here in the range of 245 to 255. the stock had been in a deep correction from past 3 months from the high of 385 to low of 245 and now after its recent quarter result better than market expection we are of the view that this stock is poised to give some technical bounce back at least upto 285. so we advise traders and investors to look out for the stock with above given recommendation...
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Sesa Sterlite Ltd

Technical Desk Call : 18 Sep 2014

Positional Call - Strong Buy above 288 Target 295+++310 Stoploss 275

Remarks: SSLT on daily chart is poised to give Flag Pattern Breakout once it surpass 295 resistance on the chart. from last one week the stock is in consolidation zone between 275-285 area and has stonge support at 273 (100DMA) which is good support for the counter in near term. RSI and MACD both the indicator suggest some momentum is expected on upside once this counter surpass its resistance level of 295. Advise traders and Investors to take position as per your risk appetite. Read our disclaimer 

Power Finance Corporation

Technical Desk Call : 08 Aug 2014

Positional Call -Strong Buy above 272.50 Stoploss 259 Target 288 

Remarks: PFC on daily chart looks pretty good for time being as it is now consolidating around 265 - 272. this counter has given healthy profit booking from its recent high of 344 to 256 low and now hovering around 270 level. if we plot retracement level on daily chart from its high level than 38% retracement level comes to 288 which we are expecting the counter to touch this level in coming days. we advise clients/traders or investors to trade after reading our disclaimer.

TATASTEEL

TECHNICAL DESK CALL: 21 Jan 2014

Positional Strong Buy TATASTEEL (FUT) CMP 383.50 Stoploss 374 Target 395

Remarks: Tatasteel on daily chart looks attractive for the time being as we draw retracement theory on daily chart from recent high of 435 to low 370.....38% retracement comes at 395 so we advise traders/investors to trade for this target with all due diligence...

HINDUNILVR

TECHNICAL DESK CALL: 20 JAN 2014

Positional Strong Buy HINDUNILVR (FUT) cmp 560 Stoploss 538 Target 580+++601

Remarks : Hindunilvr on daily charts looks attractive from the point of view of dad cat bounce as it has been from past many period it is under performing the market  and had corrected from September months high of around 685 to 538 recently mad low so from that point it is now making some consolidation before it slip any further on downside we are expecting the stock to touch 38% retracement level i.e. 594....please read our disclaimer

Karnataka Bank

Technical Desk Call : 20 Dec2013

Positional Buy KTKBANK Above 103 Stoploss 98 Target 112

Remarks: KTKBANK on daily chart had given Ascending Triangle Pattern breakout above 103 level and also has been able to give Two consecutive close above this level so we are of the view that the counter is ready to touch much higher level of atleast 112 where it can phase a stiff resistance and pause for a while...read our disclaimer first before investing. 

L&T Finance Holding

Technical Desk Call: 07 Oct 2013

Positional Buy L&TFH above 72.80 Stoploss 64 Target 85+++90

Remarks: L&TFH on daily chart had given Cup & Soccer pattern breakout with spike in volume which is above its 10D average volume and also the counter from past many days has been trying to consolidate in a narrow range and finally now it has given breakout on upper side above 72 level so we advise traders or investors to trade as per above mention level...  

L&T Finance & Holding

Technical Desk Call: 06 Sep 2013

Strong Buy L&TFH above 61 Stoploss 54 Target 72+++78

Remarks: L&TFH on daily chart has give good breakout on closing based with good spike in volume from  last one quarter so based on Volume Analysis our technical team is of the view that the counter is on a strong upmove for short term target of 78 and ultimate target of much higher level (Disclosed to Clients only) in coming days.

HATHWAY CABLE

Technical Desk Call:23Aug2013

Strong Buy HATHWAY above 272 Stoploss 262 Target 285+++290

Remarks: Hathway cable on daily chart has given good jump from 235 to 275 in week and from last 5 days it is in a consolidation mode before it gave good breakout above 272 on today's trading session with below average volume but we are on the view that above these level the counter will definitely generate buying momentum upto 290. Read our disclaimer 

HINDZINC

Technical Desk Call - 08Aug2013

Strong Buy HINDZINC above 102 Stoploss 97 Target 112

Remark: Hindzinc on daily chart looks good and we are anticipating this counter to form 'W' pattern and also it has given good breakout from its sloping downtrend trend-line and the counter is sustaing above this trend-line so our research team is of the view that it should easily cross our target zone area of 110-112 in coming days. 

SKSMICRO

Technical Desk Call - 26July2013

Strong Buy SKSMICRO above 110 Stoploss 102 Target 119 +++ 126

Remarks: SKSMICRO on daily chart looks good and we are anticipating the counter to bottomed out around 102 to 105 level which it is holding since last quarter and today the counter has given good breakout on upside with huge volume and had also delivered good quarter result so we are of the view that on coming days we are expecting the stock price to go 125 to 140 level in a month time period. Read our disclaimer.

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HDIL

Technical Desk Call : 15July2013

Strong Buy HDIL above 41 Stoploss 39 Target 46

Remarks: HDIL on daily chart is poised to give Triangle Pattern breakout above 41 which can lead counter to much higher level in coming days also RSI momentum is on positive side so we advised our Readers,Followers or Investors to take position as per your risk appetite. Please read our disclaimer.

RPOWER

Technical Desk Call-08July2013

Strong Buy RPOWER above 71.50 Stoploss 66 Target 79

Remarks: Today on daily chart rpower has given good breakout with spike in volume and also RSI is in positive zone so we advise readers/traders/investors to buy this counter with above mention level.Read our disclaimers

News Delhi Television Ltd

Technical Desk Call - 18June2013

Strong Buy NDTV above 91 Stoploss 84 Target 97 - 99

Remarks : The counter has given good decisive breakout on daily chart with huge volume which is almost four times of its last 10D average volume on daily chart so based on Volume indicator we are of the view that stock should easily move above 91 level with target price in range of 97 to 99 where it may find some resistance level to give sustain movement for higher upside in longer time period. 

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SKS Microfinance Ltd

Technical Desk Call - 03 June 2013

Strong Buy SKSMicro above 112.40 Stoploss 102 Target 124 + 129 + 134

Remarks :  The stock has given good healthier correction on recent past from 170 to 95 within period of three month so based on Fibonacci Retracement analysis we are of the view that now for time period stock has formed near term bottom around 95 level and the counter is ready for sharp pullback till 38 % retracement level which come around 125. Please read our disclaimer.

HDIL

Housing Development & Infra. Ltd - (HDIL)

Technical Desk Call- 08May2013

Strong Buy HDIL above 56.50 Stoploss 52 Target 65+++69

Remarks: After analyzing above chart of HDIL on Daily chart is forming a Technical
Patter called "Cup & Soccer Pattern" which is a bullish candlestick pattern so we advised our traders or Investors or Blog Viewers to trade in this counter once it break its neckline above Rs. 56.50 with due diligence. Please read our disclaimer at http://stockmarkettrivia.blogspot.in/p/disclaimer.html

Shree Ganesh Jewel-(SGJHL)

Technical Call Desk-07Nov2012

Strong Buy  SGJHL Above 125 Stoploss 115 Target 140+++145

Remarks: Based on above chart of SGJHL. it it clearly visible that stock has many time tried to cross above multi month high of 125 but it didn't able to give sustain closed above that which has happened today with decent support of volume, so we advised Tarders or Investors to trade with own due diligence.

NILKAMAL

Technical Desk Call-18Oct2012

Strong Buy NILKAMAL above  251 StopLoss 238 Target 275

Remarks: Based on Price -Volume Pattern  on daily chart it is visible that NILKAMAL stock is on verge to breakout above its multi-month resistance of 250 with the support of spike in volume also so we advise Investors/Traders to follow above level with due diligence.

CMAHENDRA

Technical Desk Call-18Oct2012

Strong Buy CMAHENDRA above 101 StopLoss 99 Target 115-120

Remark: Based on Price-Volume Pattern analysis we are of the view that CMAHENDRA can easily sustain this rally up to a price of 120 before it pause its momentum for much deeper consolidation in long run. Also other supportive indicators like RSI and MACD is also improving which indicate much upside is still left in this counter, so we advise Investors/Traders to trade this counter with due diligence.