sujithprabha

sujithprabha

SAIL has been under-performing for a long time. the stock is fairly priced considering Price to Book ratio. Hope it enters a new bull cycle, shed its PSU image and test previous highs.

sujithprabha

BANKNIFTY GOT REJECTED AT 200 DMA AND IS NOW AT 22 EMA SUPPORT. WILL THIS SUPPORT FAIL?

sujithprabha

Recommendation of Positional Long on ITC with a stop loss at swing low of 191.5

sujithprabha Updated 

1506 ON THE UPSIDE AND 1380 ON THE DOWNSIDE. NEXT SUPPORT 1346 AT PRESENT ACCUMULATING CONSIDERING RIGHTS ISSUE.

sujithprabha

ICICI BANK ENDED TRADING AT AN IMPORTANT LEVEL OF 359.85 LOOKING AT THE TRIANGLE PATTERN CREATED IN HOURLY CHART, IT SEEMS THAT THERE IS A GOOD CHANCE OF ICICI BANK BREAKING OUT OF THE TREND-LINE AND IF SUPPORTED BY VOLUMES THE SPOT BREAKS THE RESISTANCE AT 364.3 THE NEXT RESISTANCE IS AT 385.75

sujithprabha

HDFC BANK IS TRADING IN A CONVERGING PRICE RANGE MORE POPULARLY KNOWN AS TRIANGLE PATTERN. LEVELS FOR BREAKOUT ARE 960.5 ON THE UPSIDE AND 923 ON THE DOWNSIDE.

sujithprabha Updated 

Trend-lines help identify and decipher the haphazard movements and help us anticipate the possible moves we can see for nifty in the next coming days. There is a probability of Nifty making highs upto 9500 levels in the immediate future. Breakout from the trend lines if any to sustain should be supported by the volume. Long term outlook is bearish, but the descent...

sujithprabha

The Crucial support levels are marked in the monthly Time Frame chart for Nifty 50. They are 7888/ 6805/ 6479. Trend still bearish till Nifty closes above previous week's close.