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.

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.

Point and figure chart is clearly indicating that central bank is in for a healthy fall. Central bank has broken the buying level at around 102 levels. This clearly indicates that central bank has entered a selling area and we can expect a healthy fall in the stock atleast 20 to 30% from current levels till 102 is not conquered.
So better watch out

Allahabad Bank-125/-

Allahabad bank has moved above 200 week EMA in may june 2014 and there after corrected for three months and came down and move below 200 week EMA and now moved above it indicating strength of the bulls. Its a perfect technical set up and has chances of making a new 52 week high in weeks to come. So it becomes a buy with Stop loss at 110. any close below 110 would indicated weakness on weekly charts.

M.Mahiidar

Enjoying Life

Trend is Friend.

Polaris Financial technologies:

the stocks seems to be coming out of hibernation of nearly 13 years. the stock has been forming inverted heads and shoulders pattern over the period of 12-13 years this is very very long time for the pattern. it can be seen from the chart that the stock has been unable to break above the neck line at-least four times and this time it has broke above the neck line and that too on heavy volumes which is clearly indicating that the trend might be reversing. So techncially the stock has is a good buy with stop loss below the neck line. fundamentally the financials have been improving over fives years at CAGR at around 20% for last five years so it appears to be a good buy from current levels with stop loss at neck line, in any case the stop loss at 200 day EMA which happens to be around 140. The reverse h&S pattern is giving a target of double from the current levels.  But the very long term pattern formation is giving an indication that we might see a new all time high in years to come provided it stays above the neck line. 

M.Sri Mahidar

Trend is Friend. 

Mind Tech(India)ltd - Rs.35

Mind tech Limited seems to have come out of consolidation for last 13 years. it has fallen from around Rs.500 Levels in 2000 to around 10 levels in 2012-13. The stock seems to have formed a triangle over a period of last 13 years and has broke out of it lately. Even the volumes were very high on break out confirming the genuiness of  the break out. Techncially target is on very high. Stop Loss:200 day EMA currently at Rs.24.

 

M.Sri Mahidar

Trend is Friend.

Larsen and toubro

Larsen and toubro - Rs.1635/-

Glenmark Pharma

Glenmark pharma - Rs.285 is looking good on charts and is poised to move further towards 350-400. Stop Loss Rs.250

Kirloskar Electric - Rs.84/-

Kirloskar electric is looking extremely good on charts

M.Sri Mahidar

Inox leisure - Rs.66/-

Inox Leisure - Rs.66/-

Looking good technically. The stock has just broken out of a triangle. The triangle was formed over a period of 7 months. It formed a trianlge and broke out in the eight month (fibonacci) again. The break our was on huge volumes as indicated in the chart and also the DMI which indicates the strength of the move has moved to 18 from 15. Any move above 20 would confirm the trend. Techncially the stock appears to be a good buy. Stop Loss:Rs.57/-