Rel Media - Fibonacci chart

Reliance Media moved after touching the support of 193. 10 avg olume is 2 lakhs shares & on friday the script rose on volume of 6 lakhs+.

Now depending upon your risk profile ,  you can put stop loss of 192 , 197 or  201.
There is a probability of Rel. Media closing near 209 -212 level tomm.

As per chart, next level is 260 , where profit can be booked.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

Nifty Channel & Fibonacci Update

Nifty Fibonacci level target.

Blown up version of Fibonacci level chart.

Both the chart indicates Nifty has strong resistance around 5650 level.

Also Nifty to rally from current level, contribution form Reliance & metal stocks is needed.

Reliance has already started the move. Before expiry, Reliance might fire t rapping the short sellers.

Tech Mahindra looks interestingly poised for an upmove.

Reliance Media has surged on a good volume.  Rally in this stock can be swift & an touch 260.

Stop loss in all the trade is compulsory & that is not be said over & again.


Nothing in this post should be considered as investment advice.



Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

UTV Update

UTV has reached  our  target of 535 in just four days once again.

Reliance has just started its move & Nifty moving ahead towards the target of 5646.

Moser,  which was under performing from long time has picked up the action ,as Blackstone commented on taking stake in it. The game is about to begin , was waiting from long time. :)

Now lets  see Suzlon, weekly close near 53 will boost the chances of reaching 64.

Ibreal looks good around 186 level.

JK Lakshmi Cement (62) is  looking good.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

TATA STEEL - Divergence

As weekly chart indicates, Tata Steel has a positive divergence with MACD.
On 30 May 08, Tisco made close of 902.80 & on 9th April 2010 Tisco made a lower close of 676.20,
where as in same period MACD has made a higher high.

Also MACD is about to give a positive signal ( marked by eclipse).
One can expect Tisco to move north from this level.
Stop loss of 498 should be maintained.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

UTV - Update

UTV started its north move one again after a brief retracement. Well lets see when it reaches 535.

Ibreal after long time crosses 200 mark & has potential to touch 240.

Reliance again trading at the bottom of channel , still not performing & many out there on  Biz channel has negative  views on it. Can all this factor make Reliance bounce back. One wonders if Reliance doesn't perform can Nifty touch 5600 ?

Suzlon ..... with a stop loss of 49  looks better poise to hit 64  mark & 74 sounds  too optimistic ;) but its suzlon.

Tisco after  reporting in black still languishing around 525 but again it can reach 590 if Nifty touches 5600.


Well all said & done its market & Mr.Market has  its own plan. We can just check the probability :)




Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stocks.

UTV Update

UTV moved to our first & second target of 485 & 507 in 5 days itself, now after consolidating  for few days, it is ready to move to the third target of 535

Stop loss of  Thusrday's low is must &  there on trailing stop loss should be used.

Reliance is the script to be watched. Metals also can make a move

Gold is poised to move higher from this level as technically MACD is about to give Buy signal.
Due to professional commitments , i will not be able to post Bullion chart on the blog.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stocks / Bullion.

UTV - POSITIVE DIVERGENCE

UTV (466)  has  a Fibonacci support @ 439  & the next target can be 485 , 507 & 535.

One must keep stop loss of 437.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.