Tuesday, July 31, 2012

IDFC : Short Term Reversal

After a huge up-move which started on 07th May 2012 from the lows of 110.35, culminated at the highs of 142.70, a huge gain of about 30% in less than 44 session. From the highs it has corrected approx 50% Fibo level at 126.90 and taken a U-Turn.

Coming back to Profile, it has closed above Monthly VAL at 133.10 and could target higer levels at POC and VAH in the coming days.

The Monthly Value Areas are; VAH - 142.45, POC - 137.80, VAL at 133.10

Based on the above information a swing long can be tried at CMP of 134.55, with Stoploss at 133 (on closing basis) for Targets of 137.80, 142.45

Thursday, July 26, 2012

YesBank : Correction Over

YesBank : Correction Over, Start of New Up-Move

YesBank corrected exactly 38.2% of the move from 294 to 364.25 at 337.30 and looks like a start of a new up-move. Looking at the profile chart, it has closed above the monthly VAH at 342. The stock can easily move up to 359 and to the HVN at 368.90 in the coming days. For this setup to be good, YesBank should not close below 337 on closing basis. Traders can initiate buy at CMP of 345.65, for Target of 359, 368 keeping a SL of 337.

Monthly Value Area : 342, 333, 324

Sunday, July 22, 2012

Gold & Silver : An Update

GoldM Outlook for the Week :

Value Areas : VAH-29295, POC-29246, VAL-29197

Based on the GOLDM Weekly Profile chart, the VAL of last and this week has been protected till now. Gold for the week closed just around VAH at 29285, where we see the highest concentration of Volume.

Based on the above a long can be created at 29295, with SL just below 29180 (on hourly closing basis) for Target of 29545 and above.

SilverM Outlook for the Week :

Value Areas : VAH-52903, POC-52727, VAL-52551

Based on the SILVERM Weekly Profile chart, it consolidated within the previous week's range with 2 dips coming around the Previous weeks VAL being bought into. SilverM for the week closed just below VAH at 52888.

Based on the above a long can be created at 52905, with SL just below 52725 (on hourly closing basis) for Target of 53177, 53308.

Wednesday, July 18, 2012

TataSteel : Bounce or Start of New Up-Move

TataSteel : Bounce or Start of New Up-Move

TataSteel after a huge run-up dropped 10% from the highs of 455.60 to the lows of 404.30. Today it went up and entered Monthly Values area at 405.10. Risky Traders can buy at CMP of 411, for Target of 424, 430.

Monthly Value Area : 426.40, 415.80, 405.10

Stop Loss for this setup comes just below 404 on hourly closing basis.

HDFC - A Swing Trade

A Long Trade possibility on HDFC which after a consolidation of 2 months in a range of 630-660 has broken out. Staying above 683, it can target 690, 704 in 2-3 days time.

Stop Loss for this setup comes at 677 on hourly closing basis.

Sunday, July 15, 2012

Godrej Industries : Waiting for a BIG MOVE

Godrej Industries (GODREJIND), a stock which has bucked the trend from June last week, has entered positive territory on 12th July with huge up-move with volume.

The stock is above all its monthly values (VAH - 244.70, POC - 231.30, VAL - 221.10). Staying above Developing POC at 242.90, it can target 263 and 275 in the next couple of Weeks. A swing trader can buy the stock at CMP with Stop Loss just below 242 on closing basis for a move of approx 10%.

Saturday, July 14, 2012

ABAN : A fresh perspective

Aban has been the talk of the town for its sterling performance in the last one month with a huge move of 25+%. Lets take a closer look at what in store in it for the near future.

Aban is right now staying above its Developing values for the month, but has tried twice to scale the HVN at 433 (for HVN please check-out the following link : http://marketpulse-stock.blogspot.in/p/addendum.html). A move above 433 will open gates for initial target of 449 and above that the next HVN at 478. For all this to happen Aban should not close below 421.