tag:blogger.com,1999:blog-55677315615960573982012-01-27T11:17:21.291+05:30Indian Stocks Technical Picks, Tips and Index analysis Blogadesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.comBlogger2051100tag:blogger.com,1999:blog-5567731561596057398.post-21292337491636271272011-08-17T05:20:00.003+05:302011-08-17T05:32:38.933+05:30

Checkout the link belowUpdated PortfolioNote : Source unconfirmed.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-88352730893858942282010-05-20T00:49:00.005+05:302010-05-20T01:21:59.251+05:30

NIFTY has been moving in an upward channel since Nov 09 and has regularly zigzagged within the channel. Though it failed to reach the channel upper line and started retracing. Curiously it started the retracement when DOW was still roaring. Now with the EURO-pian woes it has continued the downward journey.It is now approaching the channel bottom support around 4830-4850 and is expected to bounce

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com16tag:blogger.com,1999:blog-5567731561596057398.post-66794250690606689712010-03-20T20:29:00.003+05:302010-03-20T21:00:55.254+05:30

SENSEX has been moving up almost in a straight line since last correction before the budget. However it now needs to cool off as the short term RSI has moved above overbought zone and it is very close to strong resistance at 17,790 and new results season round the corner. If, however, it attempts to cross the resistance in this run itself it could mean the bulls want to setup bull trap by moving

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com4tag:blogger.com,1999:blog-5567731561596057398.post-403767755613128072010-03-20T18:13:00.001+05:302010-03-20T23:21:59.886+05:30

Apollo Hospital is moving up forming very bullish rising triangle and it made 1st attempt to breakout out from it yesterday. The stock looks very bullish with rising RSI and rising volumes. Moreover it has made a steep upmove before correcting and trading at - rather - almost at all time high. It should not take long before it breaks out. The next targets are 800 and then 900 in med term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-29891903461933089022010-02-09T21:39:00.009+05:302010-02-09T22:27:35.346+05:30

SENSEX has nearly touched previous medium term high (Aug '08 and May '09) and was inches away from much publicized 200 day moving average, before arresting the correction yesterday ie 8th Feb and made a bullish long legged doji followed by firm up move with higher high today indicating that the correction could now be over. This was further confirmed by various indicators by moving up from

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com1tag:blogger.com,1999:blog-5567731561596057398.post-59552190921640821272010-01-27T23:57:00.006+05:302010-01-28T01:04:13.387+05:30

SENSEX takes strong support around 16210 and should sustain above the channel support line too. It may take a dash below 16200 briefly but should close above the support in weekly chart.NIFTY too has honoured strong support at 4810. It is showing more weakness than the SENSEX as it has breached the channel support in daily chart. However the combined volumes of both the indices  suggest that the

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-56554086945475157092010-01-11T01:03:00.004+05:302010-01-14T22:29:28.082+05:30

BOMBAY DYEING made a huge breakout from intermediate high with equally high volumes indicating very smart moves ahead, A shouting buy on every dip or consolidation for target of 590 n near term and 680 in med term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-22051115667277647562010-01-11T00:29:00.002+05:302010-01-11T00:37:15.390+05:30

Shriram Transport has been on the break out spree and is in the All Time High club. Volume are good even at these prices and looks very bullish. Should target 535-540 in short term and 600 in medium term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-29770768783142266962010-01-10T17:39:00.003+05:302010-01-10T17:43:16.962+05:30

HDIL is showing good building up of momentum and is in a steady up move. Looks good for immediate target of 420.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-82188437856629272332009-12-26T15:19:00.003+05:302009-12-26T15:29:07.673+05:30

TATASTEEL has been trading above previous med term high of 585 for past two sessions and the volume is above average showing very bullish stance in medium term. It should target 745 with resistance at 700 and fibonacci target of 722. A BUY on any dip.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com2tag:blogger.com,1999:blog-5567731561596057398.post-32642405122402909042009-12-25T13:46:00.003+05:302009-12-25T15:28:30.693+05:30

GPIL broke out from medium term high with good volumes and the chart looks very bullish.The stock has immediate target of 232 and then 300 in med term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-46168383424288767072009-12-16T22:17:00.005+05:302009-12-21T01:03:33.353+05:30

SENSEX bounced exactly from the rising trend line support and closed in green giving a good bullish signal it should now make higher lows for at least a couple of days to confirm that it would cruise along the support or knock at the upper resistance. However should the weakness persist  and if the support is broken (very unlikely) some heavy selling pressure could take the index to around 16200

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-39168992883745462222009-12-13T14:27:00.003+05:302009-12-13T14:51:16.635+05:30

RELIANCE chart has a very interesting classic symmetrical triangle pattern and the stock has been knocking at the upper line for past few weeks but unable to break it. But the chart looks quite bullish and sooner than later it should succeed. The breakout above 1111 should take it straight to immediate next level of 1265.  The symmetrical triangle breakout target will be discussed in future when

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com2tag:blogger.com,1999:blog-5567731561596057398.post-90859537880755039192009-12-12T18:43:00.002+05:302009-12-12T18:48:25.976+05:30

BASF brokeout with huge volumes in the last week and now it is consolidating. It should resume the upmove soon and is an excellent pick in this short dip. The next target is around 500 in med term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-65965556895001030032009-12-06T12:02:00.002+05:302009-12-12T16:14:22.337+05:30

SENSEX is now on the brink of entering a multiple resistances zone once again. It ran upto the first minor resistance around 17500 and retraced to gather some steam before attempting to surpass major resistance at 17735. With the results season starting only in Jan 10 and FII not likely to be active buyers from 3rd week of this month it looks difficult that it would either attempt to breakout

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com1tag:blogger.com,1999:blog-5567731561596057398.post-55243970944650193502009-12-06T01:25:00.007+05:302009-12-06T01:39:39.123+05:30

DIVIS LAB HEADED FOR 800+JPHYDRO HEADED FOR 100+ENIL HEADED FOR 275CHAMBAL FERT HEADED FOR 70+

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com4tag:blogger.com,1999:blog-5567731561596057398.post-47881069801480029862009-12-03T23:29:00.003+05:302009-12-03T23:38:33.969+05:30

BAL crossed previous high of 1665 with very high volumes yesterday and maintained the breakout today by closing above 1665 and made a higher high and higher low indicating its bullish intentions. The stock has been showing good volumes earlier also and should show some very good up-move in the days to come. The medium term target of the stock as per fibonacci calculation is around 1830/1840.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-52200646442440488082009-11-25T22:44:00.005+05:302009-12-12T18:57:28.867+05:30

Today ORCHID brokeout from previous intermediate high with reasonably high volumes and more importantly it held onto the gains even in the volatile day by closing very close to day's high. However it has to sustain this breakout in the next few trading sessions by closing above 185 to qualify for next target of 220 and then 270.N. B. :  First target 220 achieved on 08-12-09

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-33295750977041149992009-11-25T20:27:00.001+05:302009-11-25T20:30:13.698+05:30

Top performing stocks with very bullish future for medium to long term.BULL'S EYE TOP 50 PICKS. CLICK HERE TO DOWNLOAD

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com2tag:blogger.com,1999:blog-5567731561596057398.post-61543634325087210092009-11-24T22:03:00.001+05:302009-12-06T23:31:05.382+05:30

Amtek India made a smart move today to confirm that it is now out from corrective phase. The next targets are 66 and 75.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-8958555320352358032009-11-24T21:57:00.003+05:302009-11-24T22:05:00.782+05:30

Today this stock broke-out from falling bear resistance line quite emphatically with good volumes indicating its bullish intentions. It should now target 590 in little over short term and 690 in medium term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-42919978456699795002009-11-18T07:26:00.000+05:302009-11-18T07:26:00.383+05:30

ZENSAR brokeout a few days back with very high volumes and has sustained above the breakout level of 265. This stock has seen very good volume action even vefore the breakout and the momentum is also very good. The medium term target for the stock is around 360 and stop is below 260.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-75380660704531257502009-11-15T20:15:00.002+05:302009-11-15T20:18:29.299+05:30

Good breakout with very impressive volumes can push this stock up a great deal. Look for short term target of 43.50 and med term 57.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-77637012293223391392009-11-15T19:25:00.004+05:302009-11-15T19:40:32.000+05:30

PLETHICO broke out of flag pattern with very impressive volumes and looks very bullish. Looks good for around 350/360 in short term and 475 in med term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-19305376872293321382009-11-11T00:04:00.003+05:302009-11-11T00:12:27.118+05:30

EXIDE brokeout today with very high volumes and what is more heartening is that while most other stocks sulked in the volatile market and closed substantially lower than the day high, this stock maintained the breakout in the close. The medium term momentum has been very impressive. Keep a close eye for next couple of days and if it sustains above 110 then it should head for targets of 125 and

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-12866554760949686092009-11-08T14:32:00.007+05:302009-11-08T14:48:24.673+05:30

Please click on the charts to find out how small is beautiful.eClerxTARGET 467ZEE NEWSTARGET 67PIRMAL GLASSTARGET 61OIL COUNTRYTARGET 122AGRO TECHTARGET 280

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-23230194641742384312009-11-08T13:18:00.002+05:302009-11-08T13:41:35.142+05:30

Recently NOMURA published a research report on Indian top fundamental picks. Their picks are........... TickerTargetFull nameUNITECH112UNITECHHCC157HINDUSTAN CONSTRUCTIONUNIPHOS190UNIPHOSNAGARCONST197NAGARJUNA CONSTRN.GLENMARK300GLENMARKZEEL292ZEE ENTERTAINMENTIBREALEST339INDIABULLS REAL ESTHCLTECH397HCLTECHGAIL410GAILTATASTEEL591TATASTEELM&M1232MAHINDRA &

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-84477723686175172272009-11-05T22:13:00.003+05:302009-11-05T22:24:28.624+05:30

MCDOWELL made an early breakout from rising triangle while the broader market is still hasitant even to cover the shorts fully and that probably explains poor volumes when this stock brokeout today. Now this stock has to sustain above 1075 to qualify investment for medium term triangle breakout target of 1300+. The chart looks very bullish and should see good upside.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-29560091480984150572009-11-03T01:44:00.004+05:302009-11-03T02:13:10.927+05:30

As indicated by us in our earlier analysis the index did correct but what appeared to be a mild correction initially turned into a strong correction last week helped by weak international cues and a long weekend ahead and bears had a field day after a long wait. However, now the index is very close to a very strong support at 15,580 and is not likely to breach this level. And if the global cues

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com2tag:blogger.com,1999:blog-5567731561596057398.post-60348650222110358932009-10-25T13:58:00.003+05:302009-10-25T14:10:30.148+05:30

CUB has been moving in a steep channel in the weekly chart and it has consolidated around the resistance at 31 for almost 4 weeks. It is now almost at the bottom of the channel and the volumes are on the rise. This gives an excellent risk reward opportunity as the stock should now make its next attempt at crossing the resistance zone with volumes supporting it should achieve it if the markets

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-38226724052523502062009-10-24T07:05:00.001+05:302009-10-24T07:05:00.420+05:30

SENSEXNIFTYFor a change we have analysed both the sensex and nifty charts for better clarity. Pl click on the charts to view full details. But broadly it seems the markets are not likely to sustain the steep momentum we have seen thus far and a flatter momentum is likely in medium term. For short term though in the weekly chart the nifty has still not broken the momentum support but the sensex

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-72046110938403472972009-10-05T07:41:00.000+05:302009-10-05T07:41:00.536+05:30

HUGE BREAKOUT IN WEEKLY CHARTS AND REPEATED BREAKOUTS IN DAILY CHART INDICATE VERY BULLISH FUTURE.RESISTANCE AT 179

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-36884712183591185222009-10-02T15:43:00.004+05:302009-10-02T15:52:23.325+05:30

IDFCIMPRESSIVE BREAKOUTTARGET = 180AXIS BANKHUGE DECISIVE BREAKOUTTARGET 1 = 1075TARGET 2 = 1200TARGET 3 = 1300

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-36642622349071753542009-09-29T06:18:00.002+05:302009-10-02T00:47:08.067+05:30

Pl click on the chart to view details.01-10-09PS. : This being a truncated week this stock contd to consolidate and now it is exactly at the support. Any move below this triggers stop.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-11530428407797074342009-09-29T01:55:00.002+05:302009-09-29T02:05:09.530+05:30

TATACHEM has finally given a clear weekly and daily breakout. The stock has consolidated for a good while and should now see some pick up in the momementum and looks good for next target of 310 and thereafter 360.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-85270027672500872282009-09-24T08:55:00.002+05:302009-09-24T16:56:02.310+05:30

Sensex is once again caught up in the '000 syndrome and any attempt to touch 17000 is likely to face strong resistance and some volatility can be expected. Technically its trading range is likely to be between 16450 to 17000 for some time. Please click on the chart to view more details. Any move below this range, though very unlikely, only can trigger heavy selling pressure. But a convincing

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-31774061568097659072009-09-23T20:18:00.002+05:302009-09-23T20:27:22.953+05:30

Amongst many banks moving up today FEDBANK was one of the few private sector banks to make smart move. It has been showing some momentum and today it managed to breakout of triangle. It is likely to continue the momentum and taget medium term high at 270. The triangle breakout target works out to 290 but it should slide up to psychological target of 300 to 320.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-28908315705515238672009-09-23T00:09:00.002+05:302009-09-23T00:20:17.999+05:30

Nice little breakout and volumes picking up. Target 1 = 1365Target 2 = 1550-75Stop = 1145

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-84698259612143812792009-09-22T22:00:00.001+05:302009-10-02T00:44:52.649+05:30

Very imressive breakout.Target = 20001-10-09PS.: Today SRF hit the target of 200 and then retraced.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-45629686982417707492009-09-19T19:25:00.003+05:302009-09-19T20:04:47.610+05:30

This story is about the Bull, the Bear and for a change the wolf. Normally the markets are associated with the two terms ie BULLs and BEARs but in certain technical setups a third player .....the WOLF makes guest appearance. Please click on the chart to see the WOLF WAVE setup. If the wolf wave theory is to be believed, with such a perfect wolf wave setup the index should have crashed last week

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-10278491175973644672009-09-17T22:30:00.003+05:302009-09-17T22:42:12.689+05:30

LIC HSG FIN made a huge breakout from a long (10 week) flag/retracement/consolidation with huge volumes. It looks extremly bullish for meduim and long term. It had a steep unrelenting first upmove and it refused to retrace to full 38%. The targets based on flag breakout are, immediate target of 806 and long term(flag pole based) target of whopping 1185. The fibo targets areTARGET 1 = 826TARGET 2

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-4070532034156563662009-09-17T18:37:00.007+05:302009-09-17T19:27:34.413+05:30

HDFC made a quiet  12 week long triangle breakout making its intentions clear. This heavy weight is still in very poor momentum with unimpressive volumes. It should pick up both the momentum and volumes once it crosses resistance at 2619 and head for triangle breakout target of around 3025 which also happens to be the first fibo target. Long term investors can pick up this rock steady heavy

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-91811999692949628032009-09-16T07:30:00.004+05:302009-09-16T18:03:43.460+05:30

TARGET 1 = 280TARGET 2 = 325STOP = 21016-09-09 1800hrsN.B. : From today (ie 16-09) the stock trades post split of 5:1 and therefore the targets change accordingly. The targets workout toTarget 1 = 56Target 2 = 65 Today it has already hit the first target......

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-14863326486537923782009-09-15T23:48:00.005+05:302009-09-16T03:01:39.186+05:30

Bulls upped the ante and made a feast of the so called 'SUPPLY ZONE' exactly as we had mentioned in our 'MEDIUM TERM VIEW' post, proving wrong all the theories making rounds in the technical circles that SENSEX is likely to correct from rising triangle. There is no let up by the bulls and what is more important is that in absence of any 'trigger' it is cruising up. It is well imaginable what the

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-45977495287169978282009-09-13T20:02:00.001+05:302009-09-13T20:07:36.935+05:30

Nice breakout, good momentum and increasing volumes make this stock very interesting in short and medium term. Target 1 = 118Target 2 = 135Target 3 = 200(Med. Term)

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-71568385717664359042009-09-10T18:45:00.001+05:302009-10-02T16:38:35.865+05:30

RALLY IN THIS STOCK IS LIKELY TO CONTINUE AS THE PAST VOLUME ACTION IS VERY IMPRESSIVE.  TARGET 1 = 190TARGET 2 = 225STOP = BELOW 15219-09-09PS : PSL HIT 189 AND HAS STARTED RETRACING. ONCE IT RESUMES THE UPMOVE IT SHOULD HEAD FOR 225.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-68611509229782114102009-09-08T06:45:00.004+05:302009-09-08T06:45:00.122+05:30

TARGET 1 = 128TARGET 2 = 150TARGET 3 = 180(MED. TERM)CHECKOUT THE CHART BY CLICKING ON IT.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com1tag:blogger.com,1999:blog-5567731561596057398.post-9558256022370255812009-09-08T06:29:00.000+05:302009-09-08T06:29:00.537+05:30

TARGET 1 = 460TARGET 2 = 540TARGET 3 = 650

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-16882685488763049212009-09-07T06:22:00.000+05:302009-09-07T06:22:00.197+05:30

TARGET 1 = 132TARGET 2 = 150TARGET 3 = 185+Please click on the chart for more details.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-49263317269620497432009-09-07T04:50:00.000+05:302009-09-07T04:50:00.279+05:30

uAs we had mentioned in our medium term outlook that the index should cruise in the rising wedge in a zigzag fashion it bounced exactly from the trendline support. This move was keenly watched internationally. A short covering rally in largecap is likely continue and may move again closer to 16k. Any move beyond that would need a good trigger.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-33909199688365383882009-09-03T06:40:00.001+05:302009-09-03T06:40:00.619+05:30

PHOENIX MILL looks very bullish for medium term. The stock has given a decent breakout and sustained it. During recent basket selling it tried to make further move with good volumes and retraced making a flag pattern. Its good buy around current level of 151-155 forTARGET 1 = 180TARGET 2 = 218STOPLOSS = 143

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-80501152461508208022009-09-01T20:57:00.006+05:302009-09-01T21:35:12.060+05:30

IDBI brokeout from triangle pattern yesterday with matching volumes. It should now pick up some momentum and see higher levels. The stock can be bought around 100-104 and the targets would be TARGET 1 = 110TARGET 2 = 118TARGET 3 = 137STOPLOSS = 97Ps. The Fibo targets for this stock are 140 and 165.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com5tag:blogger.com,1999:blog-5567731561596057398.post-64379242363107604092009-08-31T06:15:00.001+05:302009-09-07T01:32:31.463+05:30

For the first time the SENSEX broke-out of resistance successfully from the high of July 07 and May 08 around 15780 on closing basis in weekly chart and should hopefully do the same in the monthly chart too. Interestingly it is forming a rising wedge (click on the chart to view it) and is likely to cruise along the wedge in zigzag fashion targeting next strong resistance around 17700-17750. This

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-91350537922542575892009-07-16T06:05:00.001+05:302009-07-16T06:05:00.478+05:30

In an attempt to come out from bear grip and on the back of soothing monsoon forcast the SENSEX made a smart short covering rally or a technical bounce. It is now very close to the head and shoulder neckline around 14460 and this should prove to be a very strong resistance if the market wants to continue further follow up downward journey. Once it crosses this resistance the next resistance is

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-23394173497348571742009-07-06T06:18:00.000+05:302009-07-06T10:28:07.374+05:30

SENSEX has been making higher high and higher lows and has made a small rising triangle pattern giving a very bullish signal ahead of the union budget. The Rising Triangle Pattern is mostly a continuation pattern and on break above 14,960 it should stop only at 15,600. It has two supports at 14,600 and 14,300 on the downside. The opportunities are to go long above 14,960 or go cash below 14600

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-43921732155158484502009-07-05T11:22:00.001+05:302009-07-05T11:22:00.404+05:30

After the encouraging results and in tandem with other stocks in edu sector this stock has picked up good momentum. This momentum should see this share through levels above 100-104 in near term. Stop loss is below 83.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-23389389634594585462009-07-05T06:18:00.001+05:302009-07-05T06:18:00.863+05:30

This stock has been showing good momentum and is hinging around 52 week high of 2615 with a weak breakout just before the budget. The stock is now headed for first target around 3000 in near term. It has potential to move to 3450 in medium term. The stop loss level is just below 2450.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-65562142686138301012009-06-30T19:34:00.005+05:302009-07-04T23:36:08.093+05:30

SENSEX momentum / support line is around 14150-14200 and only break below this support could lead to continuation of the corrective phase and show levels around 13700 and 13500. The possibility of break below the support line is not very bright as the market has lots of expectations from the big event the"budget" and today's reversal could best be explained as risk aversion selling should the

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-86175692933604771692009-06-30T02:38:00.003+05:302009-06-30T02:47:17.648+05:30

DABUR has been consistently moving in an upward channel. There is a resistance around 133 and after stalling there for a while it should continue the move.TARGET 1 = 133TARGET 2 = 145+

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-84454263018075493552009-06-30T02:17:00.002+05:302009-06-30T02:24:48.007+05:30

This stock has been outperforming sensex since March and has moved out of correction pretty smartly. Now it is around the high price before correction of 145 attempting to breakout. The stock is a good buy around 135-145 for medium term targets ofTARGET 1 =  165TARGET 2 =  195

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-18604002981710309142009-06-30T01:52:00.004+05:302009-06-30T02:09:24.264+05:30

This stock has been outperforming sensex by miles since March and has moved out of correction pretty swiftly. Now it is hinging around the high price before correction of 378 attempting to breakout. The stock is a good buy around 350-375 for medium term targets ofTARGET 1  =  440TARGET 2  =  520

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-73442179112243238882009-06-25T00:31:00.004+05:302009-07-04T23:37:16.112+05:30

Yesterday (23rd) SENSEX gave first sign of bottoming the correction by breaking out of RSI resistance line but still the RSI had not inched up but today it not only moved up but the index made higher high, higher low and higher close. Technically this is a very bullish sign. Now it must cross 14670 and close above it for the index to confirm the reversal. Longs can be safely initiated thereafter.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-29058587952932422322009-06-24T23:33:00.004+05:302009-07-04T23:38:06.510+05:30

Top performing Indian stocks with lot of upside left for long term investment. These are the performers which can turn many/multibaggers. Also included are short and medium term targets and of course the stops.CLICK HERE to view/download.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-21597007427095086472009-06-24T13:06:00.002+05:302009-06-24T13:13:08.563+05:30

A very interesting technical research report for the BEARS.Click here to read the report.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-29104112016784567442009-06-24T03:26:00.005+05:302011-08-19T04:13:11.619+05:30

Over the past five quarters between January 2008 and March 2009, 48-year-old Rakesh Jhunjhunwala’s portfolio of publicly traded stocks, of firms in which he owns at least a 1% stake, has underperformed the benchmark index. His portfolio had dropped at least 60% in value, according to data from exchanges, while the Bombay Stock Exchange’s (BSE’s) benchmark equity index Sensex dropped around 52%

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-64132896744619207652009-06-22T03:46:00.000+05:302009-06-21T23:57:59.132+05:30

This stock is very interesting from technical analysis view for following reasons It has made an inverse Head & Shoulder pattern indicating its bullish intentions. It attempted to breakout with huge volumes from a med term falling resistance line, But unfortunately it attempted on a day when the sensex tanked nearly 500 pts. and it had to retrace in line with the broader market.It has made

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-62461416528000786192009-06-22T03:43:00.001+05:302009-06-22T22:55:38.921+05:30

SENSEX has been showing weakness after reaching resistance around 15580 and is very volatile with negative bias in short term.There are two ways to trade this market.1 Go long around support zone and keep strict stop loss. But this does not guarantee upmove and one does not know when the market will pick up momentum.2. A safer way is to enter long once the SENSEX breaks the resistance and look

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-211538612054553202009-06-18T00:53:00.005+05:302009-06-18T01:48:53.889+05:30

CASTROL brokeout hugely from an ascending triangle pattern with high volumes. Moreover it brokeout on a day when the SENSEX dropped nearly 500 points and all the other biggies were running for covers. The stock looks very bullish for medim to long term. It would be a good buy around 340 to 360 for target above 500. For more details please click on the chart.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-24697593476769434252009-06-16T23:21:00.003+05:302009-06-16T23:33:40.554+05:30

SENSEX took support exactly at the support line we had shown in the chart of our post SENSEX - IS THE CORRECTION........ . It also happens to be the 20 day moving average. Please click on the chart to enlarge. 

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-13804252392360851322009-06-16T00:07:00.005+05:302009-06-16T00:16:42.513+05:30

After knocking at the resistance at 15580 twice the index has started showing some fatigue and has been dwindling. The important support levels are 14800 and 14500 and one can be reasonably sure that if it breaks below 14500,  although unlikely, the consolidation turns into correction.  

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-35128022106174813212009-06-11T17:04:00.008+05:302009-06-14T15:25:45.371+05:30

SENSEX retraces exactly from 15580 as we mentioned in our previous post "15000............". It is also stalling and likely to go for consolidation/congestion before making an attempt at breaking out to higher levels. The consolidation usually comes with a doze of high volatility for the bulls to prove their mantle and move past the resistance. All fresh moves for A group now only after the

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-9299370831222623522009-06-03T23:31:00.003+05:302009-06-03T23:32:52.208+05:30

After a sharp run up a little lull has every one start suspecting whether the markets would reverse the course. The market has always behaved like this ie stalling at such psychological resistance especially after a sharp rally and looking for new trigger. It should take only one close above the 15000 mark for it to resume the move. The next technical stop is not very far at 15580 where it could

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-59084958867820111262009-05-28T00:47:00.003+05:302009-05-28T00:56:02.874+05:30

After the big blast post the election results SENSEX technically has been in the correction phase retracing almost to the level of open on Monday (post results). This was further confirmed by lower lows being made for 4 successive days. The upmove was so rapid that the correction was not felt. The SENSEX had also completed its fifth wave and a correction was due. Normally after completion of

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-72214139563841823962009-05-12T22:33:00.002+05:302009-05-12T22:44:56.663+05:30

After shooting up from resistance around 11350 as indicated in the previous post the SENSEX seems headed for 38.2% retracement around 12800. The 5th wave target also coincide with it around 12800. However there is a gap which needs to be filled above 11330 and it is likely to come back during correction phase after reaching the target.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-73256346396965838332009-04-30T14:59:00.008+05:302009-04-30T15:53:58.479+05:30

Amidst clamour all around that the markets are very weak, would take a long time to recover, likely to consolidate for a long time with sideways moves etc the SENSEX moved up sharply and firmly recovering nearly 37 - 40 percent.This time it has a new support line parallel to the original long term support line. This line probably factors in the higher growth rate India is likely to achieve for

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-36754526589350096652009-02-18T19:38:00.005+05:302009-02-18T19:55:57.515+05:30

After a sharp fall from the top the SENSEX now looks as if it is consolidating and it has made the bottom during OCT '08 but technically we believe it should test the long term support level as shown in the chart. The support line range for next 3 months is around 6400 to 7000 (see the second weekly chart) and once it kisses this line some consolidation is on the card before any firm up move. All

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-15289116964499853402008-10-11T03:09:00.004+05:302008-10-11T03:21:45.611+05:30

SENSEX and NIFTY seem headed towards the last Fibonassi support levels and the zones for both the indices are given in the charts. The Sensex seems likely to settle around 10,000 with few hundred points +/-. And NIFTY should bottom around 3,000 again 1.5% +/-. The exact support levels are though 9700 for Sensex and 2950 for Nifty.However if these levels are broken there could be a breakdown and

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com10tag:blogger.com,1999:blog-5567731561596057398.post-75366980330208492062008-10-03T00:45:00.004+05:302008-10-03T03:06:43.258+05:30

We had very clearly predicted the SENSEX bottom target in our JUNE 23 Post indicating clearly that the SENSEX should bottom out around 12100 level and last Tuesday it nearly touched that level and bounced back sharply.Technically the SENSEX looks bottomed out and after fair bit of consolidation it should look up and achieve higher levels. Those who missed out on shopping should wait for lower

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-15172251304450794792008-09-03T16:25:00.003+05:302008-09-03T16:40:59.579+05:30

SENSEX has bounced well on oil price crashing. This was a welcome rally amidst bear talks around the market. But technically it is seen moving in a rising channel and interestingly it is taking support at falling resistance line it brokeout from. For a change the resistance line has become a support line! The index is showing a strong bullish under current and should reach closer to 15500 with

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-32643197561293985262008-09-03T15:56:00.003+05:302008-09-03T16:04:33.481+05:30

SATYAM has been moving up steadyly and yesterday it broke out of a falling resistance line confirming that the stock can see much higher levels. This rally could push it to around 465 level but it is targetting 480+ levels. The stock can be picked up on decline around the support line of rising channel.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-10204857697182572532008-08-13T01:57:00.002+05:302008-08-13T02:09:29.887+05:30

RELIANCE has been showing good strength for the past few days and has pierced through the resistance at 2350 today but could not close above that level. In the coming days if it closes above 2350 it would confirm it is headed for 2450 and 2600 in short and medium term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-28849101602207762012008-08-07T01:17:00.003+05:302008-08-07T01:25:41.791+05:30

Today SENSEX followed up the NIFTY breakout with a gap up opening but lost lot of ground before close, giving a weak signal. However, if these levels are held and if it consolidates the index would be on a very solid ground for regaining the lost glory but if it corrects weakness could persist for a fairly long time.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-76895136747884924922008-08-06T09:18:00.000+05:302008-08-06T12:26:45.409+05:30

NIFTY brokeout from falling bearish resistance signalling medium term bottom and trend break. We should see higher levels however SENSEX still has to cross this bearish trendline and once that is done the trendbreak would be sustainable.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com1tag:blogger.com,1999:blog-5567731561596057398.post-78820668528254585242008-07-28T22:06:00.004+05:302008-07-28T22:18:27.298+05:30

Along with the other banking and financial sector stocks this solid long term stock also corrected substantially but made very smart moves on the hopes of insurance reforms and recovery in the financial stocks. Now it is stabilizing and may not see much lower levels. The stock looks attractive around 2150-2050 (50% retracement) for targets of 2600 and 2900 in long term.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com1tag:blogger.com,1999:blog-5567731561596057398.post-89489479462705552182008-07-28T00:53:00.004+05:302008-07-28T01:14:23.788+05:30

During the last week SENSEX made a very smart move on expectations and then confirmation that SINGH IS KING but only managed to retrace upto 50% levels before the euphoria dying down and the index starting its downward journey again. By this count it looks very weak and very bearish The last strong support is at 12344 which is just slightly below the recent low of 12500. The general consensus in

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-80526586783777989002008-07-24T22:02:00.004+05:302008-07-24T22:31:14.437+05:30

Today the bears successfully capped the rally of five consecutive green days and stopped well short of bearish trendline. Even if it had crossed the trendline, moving up smartly would have been difficult unless the SENSEX went down and filled the gap between 14200 and 14570 therefore technically the SENSEX can see levels below 14200 before continuing the recovery and once having come back from

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-71076277839755292942008-07-22T23:21:00.003+05:302008-07-22T23:35:07.379+05:30

Markets knew the result of the trust vote much in advance and took NIFTY to double breakout levels. NIFTY broke out of two month old falling bear resistance and short term resistance at 4215. A broad based alround follow up rally is expected and the first resistance is at 4315. Also keep a watch on ADAG shares for some smart moves.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com1tag:blogger.com,1999:blog-5567731561596057398.post-73913731487934740522008-07-20T00:12:00.001+05:302008-07-20T00:15:29.462+05:30

NTPC has broken out from short term resistance and looks good for target of 193.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-49182508372071035832008-07-19T19:49:00.003+05:302008-07-19T19:56:54.572+05:30

ONGC has started moving in upward channel. There is a resistance at 975 and once it crosses this level it could see 1100. Stoploss level is around 900.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-75914530136576994252008-07-19T01:29:00.007+05:302008-07-19T19:01:29.255+05:30

After a long time Reliance has broken out of falling bear resistance line convincingly and looks very bullish. Should touch 2350 in near term. Click on the chart and check it out.NB : TATASTEEL achieved target of 600 see our earlier post.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-15785114080651010882008-07-14T23:55:00.004+05:302008-07-15T00:05:44.944+05:30

Sensex gave some hopes of forming short term bottom and possibility of medium term bottom formation if it crossed 14450 but it could not sustain much above 14000 and retraced below support line (see the chart) of this bounce back. It could once again see levels below 13000. However if it crosses 14066 there can be some smart upmoves.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-62183177354792309302008-07-01T23:51:00.002+05:302008-07-02T00:12:03.478+05:30

Both the Sensex and NIFTY have broken psychological levels of 13000 and 4000 respectively and  around 4000 a sharp intraday pullback was seen but thereafter it fell like Niagara. Other major indices were also in red with Shanghai in the lead. The bears seem to be in a hurry to see 3650 on Nifty.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-71095961209878726082008-06-27T17:16:00.008+05:302008-07-01T23:51:45.402+05:30

DOW from1972DOW 1982 to 1990There is an interesting similarity between the first phase of DOW's Bull run and the SENSEX first phase. The DOW first phase was between 1982 to 1987 where it rose from 770 to 2747 and then steeply fell to under 50% retracement level of 1616. The sensex similarly moved in the first phase of its Bull run between 2003 and 2008, it rose from 2935 to 21204 before crashing.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-65291939943967025992008-06-25T23:05:00.004+05:302008-06-25T23:21:13.096+05:30

In continuation of our index analysis we have put up this time NIFTY chart. This index cold not sustain the first fibonassi support around 4300 belying expectations of many analysts and went down a tad below 4100 before bouncing back. However this bounce is not likely to sustain and should be used to lighten the portfolio. The levels for investment are 1st 4000 and 2nd 3650. The support at 4000

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-26219596957835900432008-06-25T02:25:00.014+05:302008-06-25T03:20:42.214+05:30

HDFCLarsenReliance HDFC BankTata SteelYou would observe that most of the shares are now at their long term support level but TATASTEEL still has to catch up with the others. The stock has been dropping sharply in last 2-3 sessions and looks set to touch the long term support line around 610-625.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-2252524694729557132008-06-23T23:40:00.005+05:302008-06-23T23:57:37.766+05:30

As per our earlier analysis Sensex finally hits the first support level around 14200 level and ideally it should form a bottom around this level. However it would be important to watchout for the immediate next support level at 13780 if this level is broken it would mean bottom is around 12100 +/- 150. Long term investor can invest 40-50% capital now with a stop loss below 13780.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-71220972839145387042008-06-07T12:18:00.002+05:302008-06-07T12:26:41.485+05:30

We had discussed the possibility of sensex taking support around fibonassi correction level around 14,200 (+/- 1%) to qualify as fibo correction. Now the stage seems set for sensex to hit this level. All long term shopping can be initiated around this level.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-89803318180522184492008-05-30T01:03:00.003+05:302008-05-30T01:15:30.772+05:30

SENSEX is moving in downward channel for short term and the it has taken support near the bottom support. There could now be a bounce from here and best exit points are near the upper line of the channel around 17000.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-6127077544431614242008-05-13T01:09:00.003+05:302008-05-13T01:17:52.242+05:30

Sensex seems to be moving in a rising channel and bounced up from lower support zone. However, iconfirmation of the long term Bull run can be only when it crosses or breaks out of medium term bear resistance line around immediate previous high of 17,740 and longs can be initiated only above that level.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0tag:blogger.com,1999:blog-5567731561596057398.post-36954323357632922992008-05-06T00:16:00.004+05:302008-05-06T00:24:21.436+05:30

This heavyweight has started moving in a channel and looks headed for 3100 in near term and 3300+ in medium term. An excellent buy around 2650 or lower levels.

adesarahttp://www.blogger.com/profile/09948606482647568242noreply@blogger.com0