iCharts Discussions

[Pats]

Today booked prifits in TataMot 360 CEs at 10.10. ... Buy price on 30Apr was 7.10 !
May try again same trade again if posible. Chance of TataMot revisiting 330 plus / minus region , if bears re-enter !
...
... Was posted on 01May18 ... :
*Sup is around wkly MidBB *321 which may be revisited *IF* bulls fail to encash the positive sentiments beyond 346 to 352 zone convingsingly *

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Nfty last cl 10679.
..chart attached..
...As said on 1st may ,
.. **.Important Fibo lvls Above *10820 Super Bullish ... Below *10678 more dnside.**.
...Nfty yday low was 10647 , but managed to close a little abv imp Fibo lvl *10678.
... Bulls may again try to go around recent high approx *10770 and consistent close abv this may lead to *10833 to *10866 zone..
... *ELSE* again a dip towards 5EMA *10680 to 20EMA *10550 zone posible.
.... Currently MacD is bullish but RSI and FStoch are in OB mode , which should be a *Caution for bulls, because a posible cycle change from New Moon day on 15th May is not rulled-out.

.. *For Education Purpose only*.

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BN last cl 25605
..chart attached..
...As long as abv 5EMA *25578 , bulls may again try to push towards DC high *25720 and abv,
..*ELSE* below recent low *25465 more dnside upto 15SMA *25210 plus / minus posible.

...MacD bullish but RSI and FStochs in OB mode so *caution needed for bulls with proper SL.

..*For Education Purpose only*

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DrReddy last cl 2127. ...As long as DRL stays balow 34EMA *2128 to recent high *2170 approx , .. more dnside upto *1970 to *2010 posible.. .*ELSE* consistent close abv 89EMA *2194 to *2230 zone can push it towards *2322 plus region. ...Chart attached..<br>...*For Education Purpose only*

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SunTv last cl 868 ,
which is below 20SMA *876 and 50SMA *883 where it is finding resistance. Continuous cl below wkly 10SMA *872 may push it dn towards psychlogical sup around *800 ,

.... *ELSE* consistent cl abv wkly 30SMA *914 may show a breakout towards supply zone around *1020 to *1080 zone.
... MacD at -5.70 is below signal line -5.60 which is a bearish indication.

... *For Educational Purpose only *

[Pats]

OberoiRlty last cl 529 ,
which is below 20SMA *533 but abv 50SMA *517. It may be range bound btw abv zone.
...But close abv MBBand lvl *532 may push it towards UBBand lvl *574 in comming days / wks.

... *ELSE* consistent cl below 20SMA *533 may break dn it towards psychological sup area *500 to wkly 10SMA *514 range.

...*For Education Purpose only*

[Pats]

PTC last cl 98 ,
which is at UBBand lvl *98 but abv 20SMA *92 and 50SMA *92.90. Wkly chart clearly shows a breakout and sup abv 10SMA *91.60, which may take it towards wkly 30SMA *106 ,

... *ELSE* consiatent cl below 50SMA *92.90 may again push it dn towards April18 low around *84... In last wk , it is already up 10.70 %.

... *For Education Purpose only*

[Pats]

Nfty curPrice 10795.
... As mentioned in last post : * Bulls may again try one more high towards *10722 plus in coming days.. *
...Actually 10800 plus happened. Although Nfty is still bullish , but this upmove from *10500 to current supply zone around *10840 is without any strong supportive directional strength and due to winding- off from bear side,
. .... *IF* Nfty fails to sustain at this supply zone along with negative news-flow on *inflation front* ,
... *THEN Max dnside as of now seems around 34SMA *10560 to May18 first wk low at *10622,

....*ELSE* current upmove may extend towards psychogical lvl *10965 plus. ...* For Education Purpose only*

[Pats]

BN curPrice 26407, which is near supply psychological supply zone of *26534 , but as long as 34EMA *25360 is abv 89EMA *25295 ,
.. more upside upto *25690 is not ruled-out , MacD is still super bullish.

...As mentioned in last post : *, bulls may again try to push towards DC high *25720 and abv, ..*

.... Actually 26400 plus achieved. But since most of the indicators are near OB zone and a posible profit booking along with negative news-flow on *inflation* front may force ,
... ...* a logical cool-off* towards *26365 to *26222 zone may be on cards , and a consistent close below recent support of *26035 may force bulls to unwind long positions.

... * For Education Purpose only*

[Pats]

DivisLab last cl 1172.
.Yday it could not close abv UBBand **1213 and closed below 5EMA *1190 and 20EMA *1180, so posiblity of a slide dn towards *1150 ,

*ELSE* abv **1213 it again try *1213 to 1250 lvl. .
... Chartcattached.

... *For Education Purpose only*

[Pats]

HindUniLvr last cl 1503
. ...MacD is flatish but in positive zone , FStochs negative . Ydays close is abv 5EMA *1497 and abv psychological lvl 1500 , do looks bullish ,

...*ELSE* below *1497 may continue negative close towards 20EMA *1467 minus.
...Chart achached.
...*For Education Purpose only*

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TataMot 'Bearish'
...last cl 310.10 which has broken imp 3-mnth sup around #320 and currently below 34EMA *338 and 80EMA **360,
.. so *IF* close below psychlogical sup of 320 may show more dnside upto 285 to 296 zone.

.... *ELSE* a continuous close abv ydays high 324.05 may lend it temp support for a bounce towards 34EMA *338.

- Chart attached -

..*For Education Purpose only*

[Pats]

ONGC 'Bullish' ,
...last cl 189 which is abv 34EMA *183 and 89EMA **183.80. It closed midway btw its cur supply zone of 195 and cur support zone of 185 , with bullish bias.
...So one more try towards 190 plus posible,

.... But *IF* supply pressure increases due to negative market sentiments , *THEN* slide dn towards 34EMA *183 minus not ruled out , though currently looks a little difficult.

- Chart attached -

...*For Education Purpose only*