Petro Net - LNG- Rs.233/-, the stock has made an all time high and ATH stocks are my favorite stocks. the stock seems to have made an Heads and shoulders pattern over a period of 4 years and has just broken out of neck line and the volumes were also very high on break out, indicating that the trend might have turned up and indicating that it would move up on coming weeks or months. Its a fundamentally strong stock and break out with fundamental background is a good for bulls. So the stock is giving a bull strength.Stop loss below 170/-
Mahiidar M
Enjoying Life
Trend is Friend.

Nifty -7849/- whether nifty is poised to move substantially from current levels? it does not appear to be so technically. There are so many negative things in nifty first its below 200 day EMA which itself is a bearish signal and there is also golden cross, 50 day and 100 day EMA have moved below 200 day EMA which is regarded a very bearish signal. Also the distance between them is increasing which is an indication that we might move down wards, there might be slight up moves but ultimately move down. So as far as technicals are considered its pointing downward movement and it appears it might accelerate in coming week/s.

Mahiidar M

Enjoying Life

Trend is Friend.

Bata India-Rs.491/- this stock has been in an uptrend for last five to six years. Now we have to see whether there is still steam left in the stock or not. As of now technically it seems that the uptrend might have been over and the stock might move down wards in weeks to come unless and other wise it moves above 620/-. The stock has moved below 200 week EMA which is a very bearish signal, this even has occurred for the first time after June 2009 so we cannot ignore the same. So the stock has all chances of moving downwards. if it moves above 200 week EMA, bears will hv to wait till it moves  below it so below 487 the stock can go up to 350 levels.

Mahiidar M
Enjoying Life
Trend is Friend.

Page Industries Limited: 12135/- The stock has been a multi bagger for last six years it has risen from around 300 levels to around 17000 levels giving a return of 56x . But now the stock has moved below 200 day EMA for the first time after 2009 which is a bearish indication. The break of 200 day EMA is also co-in sided with break of trend line drawn from the low of 2009 which is gives us a double bearish sign.The stock has taken support at 200 EMA then move up and made lower high and then made a lower low which co-insided with both break of 200 day EMA and also trend line. all these point towards bearish days for the stock and it appear that it might easily move below 10000 level towards its 52 week low of around 9000 as of now. So technically it seems to be bearish weeks or months for the stock, unless and other wise the 200 day EMA is conquered but it appears to be a remote chance as of now. 

Mahiidar M

Enjoying Life

Trend is Friend.

Grasim Limited-Rs.3623/- the stock is finding extremely difficult to move past the high of 2007 which is around 4000. It has tried to move above it and for last 12 months its finding difficult to move above it. so till That high is taken out we cannot expect to be trending on upside so bulls can rule only above 4000 till that time we can expect a side ways movements or down side. So till 4000 is taken on weekly basis that too on volumes we cannot expect much for bulls.

Mahiidar M
Enjoying Life
Trend is Friend.

AIA Engineering Rs.933/- the stock has been on a continues uptrend for last two years and now seems to be correcting. it has been above 200 day EMA for all these years and now it has moved below 200 day EMA and has been finding resistance at the same. 200 day EMA has offered resistance three times in last six months indicated by arrows. As is the rule below 200 day EMA bears rule and above it bulls rule. So as it is offering resistance we can expect the stock to correct heavily in coming weeks or months. So till the stock closes above 200 day EMA decisively, we can expect bears to dominate stock.

Mahiidar M

Enjoying Life

Trend is Friend.

Adani Ports - Rs.285/- the stock has been in an uptrend for last two years. We have to see whether the trend is intact or not. It can be seen in the chart that for last six months, the stock is in a range and notice the volumes during the ranging market they were high, which is a clear indication that a good amount of distribution has been done and further upsides in the stock are very difficult. The stock has broken out of the range and the break down has been on volumes, so we can expect further down sides. Unless and other wise the range is conquered we can expect the stock to come down. Technically it has chances of falling to around 180 levels so will it go there only time will tell but technicals are pointing towards that.

Mahiidar M

Enjoying Life

Trend is Friend.

Bharti Airtel- this stock has been in a range between Rs.250 to Rs.500 for last six years, It has been oscillating in this range for last six years. So as far as bulls and bears are considered nothing can be expected till the range is taken out, so We have to wait for 250 to buy and sell at 500, any breach of 500 on weekly or monthly charts then we can expect the stock to make very good advance from those levels. So till then its better a stock to be avoided for investment purpose.

Mahiidar M
Enjoying Life
Trend is Friend.

Ajanta Pharma - Is one stock which has been continually rising from last six years it has risen from Rs.10 in 2009 to around Rs.1700/- levels, a rise of 170x we now see whether the stock is poised for further up move or it on topish formation. During the last six years the stock has not moved below 200 day EMA, after a very long time it has formed a lower high and now its on verge of formation of lower low which confirms that culmination of the current up move. till a new high is made we cannot expect a much action in the stock on upside. Now the thing to be watched is the 200 day EMA which happens to be around 1364 levels, this is the point to be closely watched. Any close below 200 day EMA on weekly basis would confirm the larger correction than that witnessed in last 6 years. So bears are slowly creeping into the stock.

Mahiidar M
Enjoying Life
Trend is Friend.

Sun-pharma- One week back i have indicated that sun pharma is on the verge of a break of 15 years trend line and now it seems to have decisively broken the same. As the trend line is for very long term we can expect a bigger correction which has not be anticipated. Another point to be noted is that at the top the pattern formation is also bearish. it seems to be clearly forming H&S pattern over last one year and is on verge of breaking the neck line. The neck line is around 800 levels, so if 800 is breached decisively then H&S pattern implication give a target of around 450 levels will it go there only market would tell. It seems that the long term uptrend seems to be over in sun pharma and it is not going to be a bull market in it.

Mahiidar M

Enjoying Life

Trend is Friend.

Bank Nifty, also seems to be in similar pattern and we seems to have started the down move which is going to be very violent. In coming weeks it seems to be heading downwards and bears are going to rule this index also. It has chances of going to 14000 levels which happens to be nearly 3000 points from current levels.

Mahiidar M
Enjoying Life
Trend is Friend.

Nifty is forming a very bearish pattern and it is clearly indicating that in coming weeks we might be in for a very bearish move. Nifty seems to be forming an expanding triangle and we seems to have completed the wave-4 and we have just started the wave-5, and generally it is the one which is most violent and also most destructive. Now we have to see the volumes and the volumes would be very high during the formation of the move and it would be most destructive of all the waves both time wise and also price wise. if the formation is correct then the fifth wave would all the way go and move beyond the 1-3 trend line i a big way so we can easily see it below 7000 levels and towards the 200 week EMA which happens to be at 6700 levels. Will it go there the pattern implication are pointing towards that. This pattern nearly similar to the pattern formed in Jan to Sep 2008, and we know the effect of the same. This would i would try to explain in the coming week. So the pattern is indicating that the bears are going to rule the market in coming weeks or months.

Mahiidar M

Enjoying Life

Trend is Friend.

CNX mid cap index is finding it difficult to move above its 2008 high of 6050. it has tried three times during last one year and all the times it has failed to make a new high this indicates that till decisive new high is made mid cap index will not go any where. Only one concern here is during the consolidation generally volumes would be less and on break out the volumes increases. But in this case the volumes are high during consolidation which is rare. So we have to see how it behaves but any breach of 5000 would spell doom for bulls and we can expect healthy correction in the index and also underlying stocks.So bulls have to wait for some time to dominate.

Mahiidar M

Enjoying Life

Trend is Friend.

CNX-100 is forming lower highs and lower lows after 2012 on wards. This index has fomed lower lows only once but has not formed lower highs. So after long time this pattern has been formed which is clearly indicating that the index has become week and we can expect larger correction in coming weeks unless and other wise higher highs and higher lows are formed so till then bears are having upper hand.

Mahiidar M

Enjoying Life

Trend is Friend.

Indusind bank is in a continues uptrend from last six years i has moved from around 30 levels to current levels of around Rs.950/-. it is struggling to move and close above 950 levels it has made three attempts and in each attempts it has failed to move above it. The each rise post first correction was on high volumes but the those volumes failed to take it to new high which is a clear indication that the stock is in top formation and it would not move up in a hurry. it seems to have clearly formed a triple top show by three arrows. So indus ind bank is not a buy as of now we, it appears that it might end up on moving down. Any breach of 800 would confirm it and then it has all chances of moving towards 500, till then we have to keep a close watch bulls be carefull.
Mahiidar M
Enjoying Life
Trend is Friend.

TCS, seems to be stuck between a range of 2800 to 2400 from last one year onwards. This is clear indication that TCS is a stock not to be entered into within the range. only long to be take when the weekly close above 2800, and any breach of 2400 would trigger bears and the stock can fall below 2000 levels easily. But one thing to be noted is that during the side ways market during last one year the volumes have not decreased and in fact they are slightly heavy indicating that some amount of churning is happening but long consolidation is some concern for bears. So as of not TCS is a stock to be watched rather than invest.

Mahiidar M
Enjoying Life
Trend is Friend.