IRCON International Ltd. engages in the provision of engineering and construction services. It specializes in major infrastructure projects, including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, extra high voltage sub-stations, electrical and mechanical works, commercial and residential properties, development of...
BEML Land Assets Ltd. operates as a special purpose entity which develops, acquires, manages, holds, licenses and sells real estate properties. BEML Land Assets Ltd. CMP is 243.49. The positive aspects of the company are Company with No Debt, Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years and Company with...
Today we will try to understand how to read the charts how to make assumptions based on the same. First thing that one must understand that it is not a rocket science. One has to be creative, attentive and a sort of meditative. Albert Einstein once said that "it is not that I am smart but I stay with the questions much longer". For reading the chart one must...
Nifty has given a good closing despite ending below the weekly high today. This week's high that Nifty achieved was 24857 while the closing is at 24677. The closing is substantially above 50 Week's EMA at and 50 days' EMA which is at 24396. this should be considered good reversal signal subject to we get a closing above 24857 within next week or the week after....
The moves that we saw in Nifty today were volatile, insane, bullish. Bears tried their best to stem the rally but Bulls won big with Mother line on daily chart providing / confirming support and giving ashirwaad. The low for Nifty was 24295 the high was 24857. The candle moved violently between the 2 extreme points. Mother line gave proper support and pulled...
Perfect Trendline and Mother-Father line Breakout by Nifty on daily chart. Now all that we need for a perfect Bullish reversal is a closing above 24540. Once we get the closing above 24540 the next resistance levels will be 24840 before we reach 25K+ levels or even 26K+ levels within few weeks time. Final frontier for Bulls as of now seems to be 24540. In case the...
Fiem Industries Ltd. is a holding company, which engages in the manufacture and supply of automotive components. It operates through the Automotive and light-emitting diode (LED) Luminaries segment. The Automotive segment comprises of lighting and signaling equipment, rear view mirror, prismatic mirror, plastic molded parts, and sheet metal components for...
Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. Infosys is one of the top Indian companies and an Indian...
Two major hurdles of Mother and Father line are cleared by Nifty. Now the major hurdle remaining is the trendline resistance at 24277. If we get a closing above this resistance Nifty can go to 24345. If and when we get a closing above 24345 Nifty will then be ready to fly and next stop can be near 24510 or even 24665. More Bullish levels await after we get a...
Life Insurance Corporation of India or LIC engages in the provision of insurance plans. It operates through the following segments: Life Business, Pension Business, Annuity Business, Variable Business, Health Business, and Linked Business. Life Insurance Corporation of India CMP is 985.50. The positive aspects of the company are Attractive Valuation (P.E. = 15),...
Gujarat State Fertilizers & Chemicals Ltd. engages in the manufacture and distribution of fertilizers and chemicals. It operates through the following segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment includes urea, ammonium sulphate, di-ammonium phosphate and ammonium phosphate sulphate and nitrogen-phosphorus-potassium...
Nifty after making a new high is in volatile consolidation and correction mode. FIIs are selling big on every rally and DIIs and Retail are seeing this opportunity to consolidate their position in Indian market. Amidst all the volatility Nifty managed to close the month at 24131. Every investor is seeking answer to one question which when will FII return to...
Usually we do not look at chart with less than 1 hour candles but an interesting pattern is forming which can yield us a fresh bullish move in Nifty so I am presenting it today. If Nifty manages to stay above 24109 and can close above 24189 we can have a fresh bullish rally in Nifty which can see it pivot very fast as high as 24538. with resistances at 24270,...
On the Daily candles chart of Nifty we can clearly see that Mother line and the trend line resistances are acting upon the Nifty and restricting it's further flight. Today we saw creation of another Doji like Monday. The Gap theory probably is also adding pressure on the Nifty. (Gap Theory is a very interesting subject about which we will sometimes do a special...
Father line of 200 Hours EMA at 24212 has not yet allowed Nifty to fly freely up and above. today again like yesterday we got a closing below at 24194. Overall it was a flat day with positive movements mainly in IT, FMCG, media and Small Cap index. Once we get a closing above 24212 the next resistance will be at 24360, 24530, 24673 and 24893. After closing above...
India Cements Ltd. is a holding company, which engages in the manufacture and sale of cement and clinker. It operates through the following brands: Sankar Super Power, Coromandel King, and Raasi Gold. India Cements Ltd. CMP is 358.30. The positive aspects of the company are Company with Low Debt, Company able to generate Net Cash and Mutual Funds Increased...
KRBL Ltd. operates as a holding company which engages in the export of rice miller and basmati rice. It operates through the following segments: Agro and Energy. The Agro segment supplies rice, Furfural, seed, bran and bran oil. The Energy segment comprises of power generation from wind turbine, husk based power plant and solar power plants. KRBL Ltd. CMP is...
After Maharashtra results as expected Nifty gave a gap up opening and sustained above an important level to close the day but can the rally sustain or will it fizzle out. If Nifty can consolidate in the range and cross the important resistance of 24360 while holding the ground above 200 hours EMA of Father line at 24213 we can see a really very bullish rally in...
