Saturday, April 13, 2013

Weekly Review - 15.04.2013

Dear All,

>>> NIFTY <<<
>Click the chart to see on full screen<

Last friday Nifty missed a Meaningful break out on chart above 5604-08. But even though Infy fell down madly due to lower than expected guidance, though Nifty still looks hopefully to come up as a relief rally.

>>> BANK NIFTY <<<


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Bank Nifty gave a Clear Break Out from its falling wedge, +ve Div on MACD give more hope for a good Upmove next Week.

>>> SBIN <<<


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SBI too moving like Bank Nifty - Break out from falling wedge with +ve div on MACD gives more hope.

>>> TATA MOTORS - Weekly <<<



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Tata Motors Weekly gave a Clear Support on Lower end of the Channel and managed to close above 50 Week MA showns some Revival.

>>> TATA MOTORS - Hourly <<<

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Tata Motors Hourly Suggest Resistance for the stock at 280, should be crossed for further upmove.

>>> RCOM <<<


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Above chart posted on 10th April on Face book, gave a possible IHS break out on chart.


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Rcom as per IHS zoomed up and even crossed Resistance 76, above 76 stock should touch 83. Lets See.

>>> Mc-Dowell <<<


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McDowell - We are following for Last week also, able to book some part profit, did not fell down as expected. Now the stock seems to be making a corrective upmove for sub wave (ii) and a Strong Resistance at 1950 which is 78.6% of previous fall. If crosses the upmove shall continue, else fall or even a big fall not ruled out. Lets See.

>> PERFORMANCE <<


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