Technical looks that the major trend is bullish but the recent trend is bearish, last weekly candle bullish pattern looks like bullish engulfing, but daily candle has recent bearish reversal pin bar, important price resistance 1184, support at 1095, 936.
ADVICE: Short Term, not Clear range looks bound between 950 to 1150
LONG TERM SUPPORT WILL BE AT 936, START BUYING AT THERE IN SMALL QUANTITY FOR LONG-TERM VIEW
Technical Analysis of (NSE:TCS) Tata Consultancy Services Limited:
The technical looks that major trend is bullish and price strongly trending to the upside, Recently it have sell-off Important thing is that in strong bearish market TCS remain strong, but in the chart, we having bearish divergence. In daily chart Which shows a change in momentum, anticipated for downside movement, ADVICE: AVOID NEW POSITION, short-term next support formed at 1805 and 1634.
The technical looks that the major trend is bullish, but in recent we having excessive selling which broke major support zone of 217, but price close below 217, short-term resistance zone 288, and now major resistance will be at 320. and untouched support will be at 126.
: Technical looks that the major trend is the bearish and short-term trend is also bearish, price strongly moving toward downside since 3-year recent support break at 275, Active Trendline is bearish, recently price break its 5 year low which will be at 199, next support will be at 140 it is also 7year low and same price having 0.38% Fib extension level.
As you know that Standalone PE 125, making stock highly overvalued, but consolidated PE 4.31, will look like highly undervalued stock, but at the end stock price falling since 2 years, So our advice is that if you are looking very long term in this stock you can add more quantity at level of 200, Short-term target will be 275.
The technical looks that the major and, the short-term trend is bullish, price strongly trending to the upside, the monthly chart having two indicators one RSI AVERAGE EMA which showing bearish breakout, MACD also having the recent bearish breakout in monthly chart, the second indicator is PITCH FAN, which showing resistance at zone of 2200, price also reversing from resistance 2200 by forming bearish engulfing, pattern at that which show selling pressure 52WEEK support level at 1318. Short term resistance ar 2100.
TECHNICAL ANALYSIS ON WEEKLY CHART:
Here price at short-term correction mode but the major trend is still bullish, forming a Head & Shoulder Pattern. Price at the level of EMA 55, 6 Month support and neckline of head & shoulder pattern also at 1832 EMA 100 Also at the same level, Now we have another indicator in weekly chart Called MACD4C Custome indicator which shows divergence in weekly chart its mean for reversal sign in overall stock its a great sign of reversal, and if price break support level of 1800 after forming right shoulder it will be fatal for this stock.
SHAREHOLDING PATTERN LOOKS GOOD COMPANY HAVING GOOD FII INVESTMENT
RECENT RESULTS ARE REALLY IMPRESSIVE, PAYING AVERAGE DIVIDEND
PE LOOKS SOME SORT OF OVERVALUED.
OVERALL: ALWAYS WATCH TECHNICAL LEVEL IMPORTANT PRICE WILL BE AT 1700-1800 AS A MAJOR SUPPORT,
MONTHLY CHART ANALYSIS: The technical looks that the major trend is bullish, and price following upside channel, also following three drive pattern which found to be completed, recent price reverse point will be resistance line of upside channel, major support zone will bet at 1262, which found to be broken, now next support will be at 1080.
WEEKLY CHART ANALYSIS: The technical looks that the major trend is bullish, but the short-term trend is bearish, and here the price following a downtrend channel, we have found a recent bullish breakout, but price not sustain at that level, and we get next sell-off, price near to 52week low which will be at 1125, there have a chances if double at level of 1200, if price sustain for a while, currently there not having major reversal conditions.
Technical Analysis of (NSE: DRREDDY) Laboratories Ltd:
Dr.Reddy’s Laboratories Ltd:
The technical looks that the major trend is bullish, but in short-term price trending into downside, we have a recent bullish breakout, which starts pulling the price to upside, which short-term support zone will be formed at 2300-2400, we also recognized three drive pattern also found to completed, and price start reversing by forming double bottom at support zone of 1934, anticipated for upside momentum. BUY PRICE:2350, STOP LOSS:1850, TAKE PROFIT:4800, TIME SPAN: 1-2YEAR
1MONTH RETURN IS -4.34 %, 1YEAR RETURN IS +6.15%
3YEAR RETURN IS -41.35 %,10YEAR RETURN IS +353%
VALUATION & PE COMPARISON LOOKS OVERWEIGHT, BUT SINCE STOCK ARE PERFORMER OVER THE YEAR SO WE RECOMMENDED FOR LONG TERM ALMOST 2-3YEAR
Technical Analysis of (NSE: OIL)Oil India Limited:
Technical Analysis of Oil India Limited:
(NSE: OIL)Oil India Limited: The technical looks that the major trend is
bullish but in short-term price trending in into downside, if we take a
look on the weekly chart, price following uptrend channel, and reversing from
bottom line of the uptrend channel by forming a double bottom, and we have recent
bullish breakout anticipated for bullish momentum.
If we compare the return profile stock completed almost 1Year of correction.
ADVICE: BUY FOR SHORT-TERM AND ALSO LONG TERM, PERFECT STOCK IN NIFTY 50.
After long-term bearish momentum stock again ready to go for upside movement recent we have a bullish breakout which changing the trend from down to upside technically stock looks strong and anticipated for upside momentum.
if you already in trade HOLD WITH STOP LOSS OF 575.
BEST STOCK IN AGRICULTURE INDUSTRY!
1Year or correction in nifty 50 stock might be ready for upside.
BASF INDIA: The technical looks that the major trend is bullish but in short-term price trending into downside, we have recent bullish breakout following three drive pattern which two drive completed and price moving downside for 3rd drive, price also following downtrend channel and after breakout major support zone formed at 1700, anticipation for upside momentum from support level, currently we are observing unsustainable buying pressure at support zone.
ADVICE: BUY AT LEVEL OF 1810.
IF ALREADY IN TRADE HOLD WITH STOP LOSS:1667
RETURN PROFILE SHOWING:
YTD:-13%, 1YEAR: 19.49%
As return profile show also show correction in YTD.
PE: WILL BE AT RIGHT LEVEL, DIVIDEND PAYING COMPANY.