Flag formation in Nifty indicates some strength but be cautious as there might be chances of profit booking at higher levels. The Fibonacci levels drawn based on previous peaks indicate the next resistance between 25449 and 25493. If 25493 is crossed and we get a closing above it there is a possibility of a rally upto 25600 or 25698 levels. This will be a...
Chembond Chemicals Ltd. engages in the manufacture and sale of specialty chemicals. Its products include water treatment, polymers, construction chemicals, coatings, animal nutrition's, and industrial biotech products. Chembond Chemicals Ltd. CMP is 617.25. The positive aspects of the company are moderate Valuation (P.E. = 19), Company with Low Debt, Book Value...
HEG Ltd. engages in the manufacture and exporter of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments. HEG Ltd. CMP is 2069.30 The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and FII / FPI or Institutions increasing...
Nifty was in consolidation mode on Friday after making a new high on thursday. It seems to have found a temporary support at 25292. If this support is broken there are further supports at 25133, 24910, 24753 and finally Mother line support of 24602. If 24602 is broken bear will be seen in an active mode. however shadow of the candle as of now seems to be neutral...
Vishal Baliya is Author of the book: The Happy Candles Way to wealth creation. (Available on Amazon in Paperback and Kindle version) Split entries Protect capital and reduces losses: Many times I get the question: What are the best friend of investors? My answer here would be: Stop losses, trailing stop losses and Split entries. We will talk about Stop loss...
Nifty consolidated for a while tested new bottom near 24753 Nifty has today taken down all the resistances and made a new all time high of 25433. Nifty could not hold on to 25.4K+ levels today so the immediate resistance for Nifty will be today's high that is 25433. The next resistance is near 24537. Channel top seems to be near 25653. The door are now open for...
Nifty is getting trapped between Two trend lines and will look to consolidate further till the trend line is broken on either side. In addition to the trend lines, Nifty is also trapped between Mother and Father line of 50 and 200 Hours EMA. Very interestingly poised Nifty with negative shadow of the candle. Immediate resistances are near 24970, 25027, 25130 and...
After remaining positive and buoyant the full day Mid-channel resistance came to force and stopped Nifty from further growth today, dragging it down from day's high of 25130. The closing is good and above Mother line (50 days EMA). To know more about Mother, father and small child theory and Happy Candles numbers that we assign to stocks read my book The Happy...
Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and...
SRF Ltd. engages in the manufacturing of chemical-based industrial intermediates. It operates through the following segments: Technical Textiles Business, Chemicals Business, Packaging Film Business etc. The Chemicals Business segment comprises of refrigerant gases, industrial chemicals, specialty chemicals, fluoro chemicals & allied products and its research and...
Nifty today came back strongly after taking support from Father line of 200 EMA and trendline. The support of Father line will be confirmed if we get a positive and strong closing tomorrow. The supports as of now for Nifty remain at 24790 and 24753 (Today's low and trend line support). If by chance FED will not announce a big rate cut, Nifty may again go support...
Marico Limited, headquartered in Mumbai, Maharashtra, carries on business in branded consumer products. Marico manufactures and markets products with the brands such as Parachute, Parachute Advanced, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, etc. Marico Limited CMP is 665.25. The positive aspects of the company are Dividend...
Bajaj Electricals Limited was incorporated in July, 1938. The Company is engaged in business of consumer products (appliances, fans, lighting), EPC (illumination, power transmission and power distribution) and exports. Powered by a Pan-India presence and a market leading position in the industry, the Company functions through 20 branch offices which are duly...
Averaging Good or Bad? (Devil is in the details). The Questions you should ask yourself before averaging: I have been asked this question several times. What is the right time to average a stock? I usually have a counter question to this question. The same question you can ask yourselves before averaging. Why did you hold on to a losing stock for so long?...
Nifty today looked very weak as it was not able to sustain many important support levels. Relative strength index of Nifty is also looking that it might fall further. The candle looks like an Olympic diver which has jumped from the podium. You can never say never but shadow of the candle as of now looks very negative and dark red in colour. Resistance for Nifty...
Nifty which closed at 25145 is delicately placed just above mother line 50 EMA and an important trend line near 25143. Another important support will be today's low that is 25127. Below this level there can be further weakness which can take Nifty to 25083, 25005 and 24875. If major support of 24875 is broken the final support will be near 24776. If 24776 is...
There are multiple global and local factors playing together line the multiple trendlines shown in the graph converging and diverging. These forces are not allowing Nifty to fall much and recover if it falls. At the same time they are not allowing Nifty to fly away towards 25.5K and above. The support levels for Nifty are at 25133 (Mother Line Support), 25083,...
Shadow of Silver today is greyish. As if the fading moon after a full moon day. Silver may consolidate between 82 to 78K levels. If 78K is broken by any chance, the threat of it falling to the levels of 65-68K looms large. If it reaches 65 to 68K level by any chance, Silver become a must accumulate commodity. On a long term time frame (14 to 28 months) Silver...
