Tata steel Limited [ NSE: TATASTEEL]

• If we see a daily chart, the last three session was succeeding, increasing black real bodies.

Brief Elaboration of above sessions

• The first session of which is small real black body which opened under the resistance of previous falling window at 374 and closed under it at 369.65.
• In the Second session , stock opened at 369.6 [ which is under the previous close or under the window resistance, which shows stock again took resistance on it.] though it pierced the resistance on intra- day basis, but failed to sustain above it and closed at 360.55
• The third session was opened, approximately at the close of the previous[second] session  & closed at 349.3.
• Volume is also increasing at every new low session.

Immediate Support of the stock is at 344, 336.

INVERTED FLAG PATTERN IS SEEN IN THE DAILY CHARTS OF MARUTI SUZUKI INDIA LTD [ NSE: MARUTI ]

• A Flag pattern is seen in the daily charts of the stock.
• Diminishing activity in volume during flag pattern consolidation.
• Previous Monthly[ January] low is at 1540.

For previous and elaborate analysis, please click on the link below:

 http://techincallearning.blogspot.in/2014/01/maruti-weekly-daily-candles-chart.html

BANK OF BARODA [ NSE :BANKBARODA ] DAILY & WEEKLY ANALSIS

ANALYSIS 

• On daily charts, it seems that stock has been trying to make a double bottom:
• First bottom is at 520.45
• Second bottom is at 511.11
• 3% Tolerance of between low of  two bottoms is also met
• Neckline  of the bottom is at 567
• If breakout comes { i. e . stock maintains to stay above 567 level}, it may further take the stock to the level of 593, 600, 610.

CURRENT LEVELS OF STOCK

Daily Chart

DAILY CHART

• Currently stock is standing at  previous rising window support at 535.
• It could face resistance at previous falling window at 547- 554.5 .
• Level of 567 may serves as major resistance for the stock.
• RSI divergence is also seen at new low. [511.11}

WEEKLY CHART

• Trying to make a bullish engulfing pattern on weekly charts.[ Bullish engulfing pattern will be made , if Friday closing comes above 538.4, moreover if  closing comes above 545.5, it will be more bullish for the stock in the near term.]

*The above view will  negate if stock went under 520, 510 levels.

RELIANCE CAPITAL LTD [ NSE : RELCAPITAL]

BHARTI AIRTEL LIMITED [ NSE :BHARTIARTL]

IDEA CELLULAR AT ITS 50% RETRACEMENT

monthly chart

Idea Cellular is standing at 126 the 50% retracement of its previous rally [ started from 65 in May 2012 and concluded at 188 in October 2013]

ADANI ENTERPRISES

NTPC Ltd at its 5 year low.

Yearly Chart

• Ntpc declined for about 12% in today's session and now it is standing at is 5 year low.
• Today's opening was a Gap down opening, and it started declining further.
• It opened at its high and closed at its low , forming at long black candle , top[ 128.60] or middle[ 122.47] of which, now could serve as immediate resistance for any immediate rally, which is bearish for the stock for the short term thus further weakness may be seen in the stock.
• Volume was considerable very high [ approx 15 times of its average volume.]
• Its further support is at 113, 99, 85.

Nifty tested 50% retracement of its previous decline from 6415 to 5933.

Nifty showed weakness in the intial hour of market opening , however in the next hour decline halted and it took support at 6130 [major support] and recovered its entire day's downfall and tested its 50% retracement coming at 6174 of its previous decline from 6415 to 5933.

There is a falling window resistance at 6188 to 6262.

50 day moving average is coming at 6179.60.

Nifty  levels on the up side, 6200,6230, 6260.

Nifty levels on the down side 6180, 6160, 6140, 6130.

Nifty may remain range -bound.

HDFC ltd

Tata steel ltd revisited [ 12-02-2014]

• Stock had taken resistance at its previous top.
• It may test its preceding window support at 378.
• Retracement  of Decline from 435.5 to 336.05.
• 23.6% = 359.6.
• 38.2% = 374.2.
•  50% = 386.
• 61.8% = 397.8.
• 78.6% = 414.67
• Window supports
• 378.35- 376.85
•  374.45- 369.65
• Previous Top Resistance
•  393-394. 
• 430-435.
• 30 day moving average stands at 379
• 100 day moving average stands at 365.6.
• 44 day EMA stands at 378.5.
• 200 day exponential moving average stands at 350.
• 200 day moving average stands at 320.

For previous analysis, please click on the link below:

http://techincallearning.blogspot.in/2014/02/tata-steel-daily-chart-analysis-3-feb.html

IDEA Cellular tested 50% retracement

• Stock had tested its 50% retracement [ 127.2 ]of its previous rally from 65 to 188.
• There was also a head and shoulder pattern which completes at 125.
• Stock has support at 121 , 119, 112, 100, 92, 90.
• Stock is trading under 200 day moving average standing at 156.
• Stock is also trading under 200 day EMA standing at 152.
• Volume is expanding with the price decline.

Tata steel daily chart analysis. [ 3- feb- 2014]

• Tata steel is trading under its 25, 50, 100 Day Moving Average.
• It is trading under its 200 day Exponential Moving Average standing at 349 , which is bearish for the stock.
• 200 day S.M.A is standing at 318.
• 50% retracement of its Previous  rally [from 195 to 435]came at 315.
• Stock is trying to take support at its previous top standing at 343-342, which is also the 38% retracement of its previous rally.
• In case stock fails to hold this support , it can test its 50% retracement, 200 day S.M.A.
• In case it confirms the support, a bounce can come to, 350, 360, 370.
• There is a falling window resistance zone at 356.25- 354, 370-374.45.
• Further Support zone is at 310- 315-320.

CNX Infra tested its 50% retracement of its previous rally.

•  CNX Infra had tested 50% retracement of its previous rally from 1830 - 2595.

• The index has been trying to make a base at its 50%  retracement at 2212.
• If it holds the support, a bounce can come uptill 2279, 6303.
• Further support is at 2182, 2120, 2074, 2047.
• 200 day S.M.A stands at 2294.
• Indicators are in oversold territory.

Weightage of Stocks in CNX Infra Index 
as on 3-02-2014

Adani Enterprises [ 3-feb-2014]

• Stock is trading in a downtrending channel, making a lower top , lower bottom.
• Adani Enterprises  is trading under its 50 Day Moving Average standing at 255.
• It is trading under its 44 day Exponential Moving Average standing at 245 , which is bearish for the stock.
• 100 day S.M.A is standing at 218.
• 200 day S.M.A is standing at 206.
• 38% retracement is at 225.
• 50% retracement of its Previous  rally [from 126.45 to 286.3]came at 206
• Stock is trying to take support at its previous bottom made via hammer  standing at 231-332.
• In case stock fails to hold this support , it can test its 38% retracement, 100 day S.M.A.
• In case it confirms the support, a bounce can come to 245,250
• Further support is at 225, 218, 206.

SBIN Daily [ 31- Jan- 2014]

• Harami Foramtion*is seen at previous window support zone at  1512- 1533, which cannot be ignored in the light of  bank nifty index, that is also standing at its support.
• In Case stock , if unable to hold this support zone, it could then test its previous low of 1450.
• On flip side ,if stock holds the support, a little bounce can come uptill 1558, 1570.
• Further Upside in stock can only be seen if level of 1570 will be broken on upside.

* Harami Formation

First Candle: A long Bearish Candle.

Second Candle : A small bodied Candle within the range of first candle.

For Previous analysis , click on the link below:
http://techincallearning.blogspot.in/2014/01/sbin-3-01-2014.html

Bank nifty Resistance/support.. bullish harami at rising window support

1. Bank nifty may see resistance at its previous falling window at 10314.88 - 10406- 95.
2. However there is bullish harami formation at previous rising window support at 9989.85 - 10084.