Sunandamedi

Sunandamedi

Chartis provided with comments.

Sunandamedi

Wait and watch and take the direction. Price estimates are in the chart.

Sunandamedi

Eventhough the Q2 results are good, reversal is foreseen in the near future.

Sunandamedi

WILL THE MARKET BE HAPPY WITH GOOD ORDER BOOK OR LITTLE DISSATISFY WITH 7% PROFIT (Y-O-Y) FIGURES? CHARTS INDICATE THAT IT IS MOVING IN A DOWNWARD CHANNEL AND AT THE TOP OF THE CHANNEL. THE SHARE CAN MOVE FURTHER DOWN TO A LEVEL OF 1325.

Sunandamedi

FOR THE LAST TWO MONTHS THE SHARE PRICE IS MOVING IN THE RANGE, 108 - 120. WITH THE PROFITS OF RS. 64 CRORES AND RS 9 EPS, THE SHARE PRICE SHALL CROSS RS 120. US OPERATIONS SEEMS TO BE PAYING OFF. PROMOTER PLEDGED SHARES HAVE BEEN REDUCED. LONG TERM TARGET OF 180 IS FORESEEN.

Sunandamedi

THE DEAL NOT COMING THROUGH SEEMS TO AFFECT THE PERFORMANCE MUCH. SEE THE STATEMENT GIVEN: "THE JOINT VENTURE WOULD HAVE HAD ANNUAL REVENUES OF 17 BILLION EUROS AND PRODUCE 21 MILLION TONNES OF STEEL". IT IS BETTER TO GET OFF OR HOLD FOR LONG TERM ONLY. LET THE PICTURE BE CLEAR.

Sunandamedi

THE THYSSENKRUPP STEEL AG DEAL IN EUROPE CANCELLATION IS EXPECTED TO AFFECT THE SHARE PRICE. THE LEVELS EXPECTED ARE 466 & 444. FOR DETAILS OF THE DEAL PLEASE GO THROUGH THE LINK PROVIDED IN MY BEYOND TECHNICAL THEME.

Sunandamedi

CUP & HANDLE BREAK OUT WITH HEAVY VOLUMES. DAY CHART & MONEY FLOW INDICATES THAT THE PRICE WILL COME DOWN TO 525. THEN IT SHOULD TOUCH THE TARGETS: 536 / 559. PLACE STOP LOSS ACCORDINGLY.

Sunandamedi

PLEASE SEE THE NOTES PROVIDED IN THE CHART.

Sunandamedi

THERE ARE TWO STRATEGIES AVAILABLE FOR KOTAK BANK FOR INTRADAY - IF BUY ORDER - RANGE 1395-1404 - STOP LOSS 1365 (BULLISH IN ALL FORMATS) OR SELL ORDER - RANGE 1422 - 1430 - STOP LOSS 1436 (MONEY FLOW DIRECTION).

Sunandamedi

AS INFORMED BY ME IN MY PREVIOUS WEEK ARTICLE, SHARE PRICE HAD TOUCHED 303 LEVEL. NEXT, IT IS LIKELY TO GO TO TOUCH 315.5 LEVEL. SBI CAN BE SHORTED AT 315 LEVEL. TARGET 303 / 300. STOP LOSS 319.2.

Sunandamedi

AS INFORMED BY ME IN MY PREVIOUS ARTICLE, SHARE PRICE HAD TOUCHED 303 LEVEL. NEXT, IT IS LIKELY TO GO TO TOUCH 315.5 LEVEL. SBI CAN BE SHORTED AT 315 LEVEL. TARGET 303 / 300. STOP LOSS 319.2.

Sunandamedi

AS INFORMED BY ME IN MY PREVIOUS WEEK ARTICLE, INDEX HAD BREACHED 9279 LEVEL. NEXT, IT IS LIKELY TO TOUCH 9090 LEVEL. BEFORE THAT IT WILL HAVE SUPPORT AT 9184.

Sunandamedi

IT IS OBSERVED FROM THE CHARTS THAT THE PRICE IS GETTING SUPPORT ALONG THE INCLINED LINE. THIS COMES TO 75% OF THE RISE, EACH TIME. IF THE SAME TREND IS FOLLOWED, THEN THE PRICE SHOULD START REVERSING BACK TO 148 LEVELS. THE MONEY FLOW IS ALSO IN THE OVERSOLD ZONE. WILL DSP BLACKROCK OR SOME OTHER MF START INVESTING? STOP LOSS MAY BE KEPT AT 122.

Sunandamedi

SUN TV IS IN OVERSOLD ZONE. MONEY SHOULD FLOWING INTO THE SYSTEM. WILL IT TAKE THE PRICE TO 612. APPLY STOP LOSS SUITABLY.

Sunandamedi

HDFC BANK BEAUTIFULLY CROSSED THE 2333 LEVEL. NOW, THE WAY IS TOWARD THE TARGET OF 2450. ALL THE BEST!!

Sunandamedi

WATCH OUT FOR 198 LEVELS. IF THE MONEY STARTS FLOWING INTO THE SYSTEM, THEN 213 IS ACHIEVABLE. ENTER @ 198 - 200 LEVELS. PLACE PROPER STOP LOSS.

Sunandamedi

SELL SIGNAL OBTAINED IN THE DAY CHART. INFY MAY MOVE UPTO 711. START SELLING FROM 735 WITH STOP LOSS AT 741.