Tuesday, October 03, 2006

Bharti Airtel Ltd

Bharti Airtel Ltd is in uprend. After crossing pre-crash high, it is now in pullback mode since 4 days. The chart shows higher high, higher lows, wide range bars.
Worth to keep it in the watchlist, as it offers a low risk trade opportunity.


Satyam Computers

Satyam Computers is in uptrend. The stock is facing pullback since 7 days. Also it has formed low volatility. The trend line had acted as a support in past. This offers a low risk trade opportunity in this stock. Worth to add it to the watchlist.




Thursday, September 21, 2006

HLL

HLL was featured in MyMktWatch. Today, it broke the resistance of 250 with wide range bar. Apparently, the resistance was 61.8% fib level of retrancement since May fall. Worth to keep watch on this counter.

Bajaj Auto Ltd

Bajaj Auto Ltd had been appeared on Mktwatch. The weekly chart was showing stiff resistance. Apparently, the resistance was hovering at 61.8% of retrancement of the fall from the top on 17th May to bottom on 13th June.

Have a look at the chart below. The resistance is taken out with wide range bar accompanied with good volume. Worth to keep watch on this counter.



Monday, September 18, 2006

HLL

Hindustan Lever Ltd (HLL) has stiff resistance at 250 Rs.
Keep watch on this counter.

Will it break out above 250?
OR
Will it reverse to 230 - 220?



Friday, September 15, 2006

Resistance

Have a look at charts of Bajaj Auto Ltd and VSNL. Both charts are weekly charts and currently facing resistance.

Bajaj Auto Ltd:



VSNL


Wednesday, September 13, 2006

Bank Of India

Bank of India has formed an Interesting chart. Today almost all banking stocks surged.
Today it has surged 6% to close at 149.75 Rs with a convincing volume.
Bank of India had formed a bullish flag. Underlying trend is bullish. So this strock gives a buy signal.

But it is also interesting to note that there lies a stiff resistance at 155 Rs. People who are holding the stock may try to book profit.

Worth to watch it on this counter whether it takes out resistance successfully or starts a southward journey.


S/R levels

Some important S/R levels worth to watch. Have a look at these chart. These charts show S/R levels.
Action:
- If the support is broken, one can go short.

- If the stock is once again supported at the support, one can have low risk buying opportunity.
- If the resistance is taken out, its a breakout and one can go long.

Tata Motors Ltd.

BHEL

Sunday, September 10, 2006

Orient Bank of Commerce

Orient Bank of Commerce is forming higher highs and higher lows. Last 2 weeks it was trading ranged between 192 - 201. The stock had gapped up with failry good volume and closed at 208.55 Rs.
Worth to add it to the watchlist.

Friday, September 08, 2006

REL

Since 3 months, Reliance Energy Limited (REL) is trading in range. By looking at the volume, onc could easily infer that there seems to be interest building up on this counter.

This is a perfect example, where one can visualise the fact that this stock was being accumulated and now is ready to explode. Worth to add to the watchlist.






BHEL

BHEL had appeared in MyMktWatch, dated 03/08/2006.
After having a successful ascending triangle breakout, the stock went into narrow consolidation range for about 2 weeks.
It seems to have come out of the consolidating range. Worth to add it to the watchlist, as this stock provides a low risk trading opportunity.