techtrends

 Adani Ports After giving a strong break out on 5th Dec 23 - the stock has been in the rising trend yet confined to ranges as shown in the image below. 1295 / 1286 forms a good support level and the last CMP being 1304 - is near to the support zone - reduces the downside risk %. On the upside stock can face resistance at 1342 - which 2.8% from the CMP. A closing above 1340 in the coming few trading sessions can lead the stock prices higher   Disclaimer: This is only for education purpose. Any investment calls made based on the above information will be solely responsibility of the investor.  

Reliance Industries: The stock is trading strongly near to its support line 2360. One can invest in this for a short term time frame with a stop loss of 2367 and resistance as 2435/2500 SBI Life:   The stock has corrected from level of 1165 and has given a bounce back after forming a strong support at 890. One can look at resistance level of 937/980 Disclaimer: This post is only for educational purpose

After making an all time high of 8180, Nifty has been on negative rally. It has broken the upward sloping channel pattern. It is said correction in market are good for a long term bull rally. Considering the outcome of the upcoming election results (in Maharashtra and Chennai) it is advisable to stay cautious till market shows a specific direction. MACD has not showed any trend reversal pattern, RSI has been in 30% range. Changes in the macro economic factors like inflation and earnings growth will also play an important role in setting a new direction for the market w.r.t Short – Medium term movement. Even though Medium to Long term trend is positive, but at current level one can look at sector specific stocks and should have a cautious approach towards market.  Disclaimer: -  The views expressed in this article/blog are completely personal. This blog or article should not be considered as an investment advice or recommendation to invest. This article/blog is solely...

A strong upward trend is been noticed/seen in HDFC Bank. One can consider buying the same for a Short Tenure. R1 - 689 R2 - 706 R3 - 724 S1 - 673 S2 - 650

After falling 19% since closing of Jan 3'2011 (6158) markets still don't show any signs of revival....Have BULLS lost hope??Or they gave up????. Markets are trading well below 100 day EMA Low of  5348.  Nifty has bounced back after making a low of 4720 in past few trading sessions (I would say a 5% recovery) but still charts looks confusing.(sideways). Nifty will see a stronger momentum on the upside if it breaches 5239 and trades strong above the same......For coming few trading sessions I will maintain a cautious approach as the downside is more and the risk return tradeoff may turn unfavorable....  Near Term Support and Resistance R1 - 5128 R2 - 5335 S1 - 4932 S2 - 4709