United Spirits Breakout

United spirits have given very good breakout with volume support and the target of 3750 can be given.

Tata steel Double bottom

There is clear double bottom formation in the Tata steel.

Nifty target 6900 H&S

Nifty has formed Head and Shoulder pattern and target of 6900 can be given for this breakdown.

Wockhardt breakout

After posting good result this stock has given breakout above 1600 level and it now becomes good candidate for buying with target of 2000 and Stop of 1450

L&T at trend line support

After breakout above 1350 L&T has taken support on this trendline. This makes it a very good low risk stop loss.

SL 1500 Target 2100

ONGC Double Bottom

ONGC has given a reversal signal of double bottom. Target 365 and Stop Loss of 300 to be considered here.

Tata steel reversal

Cyclical reversal in tata steel.
SL 310 target 420 and 500 in six months.

ABB rising channel

ABB is in rising channel.Stop of 1170 and target of 1600 can be considered on this counter.

MCX flag formation

MCX is showing good flag formation. StopLoss of 1180 and Target of 1460.

L&T refueling . . .

L&T had a very good upmove. Now we see evening star formation. In case L&T trades below 1698 it will correct till 1630 levels just to refuel and fire a new rally. Target of 2100  was already given earlier.

Nifty Doji.

If Nifty opens below 8914 we can expect small correction due to doji.

Here confirmation of reversal comes only after the first few trades on next day.

Nifty Doji: Might correct in coming sessions

Doji in Nifty indicates a correction for rally which started from 8100. Correction upto 8350 expected in coming few sessions.

8500 Target achieved for Nifty. . .

Considering that target of 8500 given in March 2014 was achieved. There can be a correction or consolidation which will also be healthy for further rise. Current stop loss of 8000 to be considered. Close below 8K will bring in more selling.