HDFC bank Rs.1060/- the stock has not corrected much we would see technically what its pointing towards. HDFC bank seems to have formed triple top over a period of last one year. See the three to four arrows which is indicating that the stock is finding it difficult to move past 1040 and thrice it has failed to pass over it so the upside as of now is limited/restricted. The stock has also finding support at 200 EMA. It appears that the stock is either poised for down wards or is stuck in range. Chances are on down side below 1000. IF 1000 is taken out then 850 would be the probable target.

Mahiidar M
Enjoying Life
Trend is friend.

Maruthi- Rs.4564/- Maruthi is forming a perfect topish pattern as raising triangle. Generally the break out would be in the opposite to the angle of the triangle. In this case the slope is upwards so we can expect the break out to be downwards. The breach of trend line would signal the confirmation of the pattern and its break down. So we have to patiently wait for the break down of the trend line. if the trend line is taken out the the pattern implications are pointing towards probable target of 4000 levels the move would be very swift to the surprise of every body.

Mahiidar M
Enjoying Life
Trend is Friend.

Nifty -7765/-. Nifty appears to be forming heads and shoulders as indicated in the chart above, the pattern is forming for last two and half months any breach of the neck line would propel it to lower levels. The neckline is at around 7700 levels. Any breach of the same would be disastrous for the bulls.The target as per the pattern comes 600 points from 7700 so the probable target comes to 7100. Will the neckline would be broken and 7100 would be achieved or not only time will tell but the neck line is important as of now.

Mahiidar M
Enjoying Life
Trend is Friend.

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.

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.

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.

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
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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.

Darling of the investors over period of last two years Maruti Udyog limited. It has risen from around Rs.1000 levels to around Rs.4700 during last two to three years. The techncials are indicating that the up move might be maturing and it might turn down in coming weeks it has till a new high is made we can expect that the stock is headed down wards. It made a high of 4700 in august 2015 and then fell 4100 levels and then has risen again to 4700 levels, here the perfect technical top formation is indicated by volumes. the rise from 4100 to 4700 has highest volumes( highest in rise from 1000 to 4700) and this highest volumes have failed to take it upwards or a new high and sustain there which is a classical double top. The highest volumes suggest that the informed investors have got out of the stock in the last rise and they have now much interest in the stock. So now till 4700 is successfully taken out and sustained above it we can expect maruti might have topped out and we can expect it to to move towards 3800 and then 3200 levels will it go there? if 4700 is not taken out we can expect it to atleast correct it to 3800 but the best would be 3200. 

Mahiidar M
Enjoying Life
Trend is Friend.

Granules:Rs.102

Granules has made an all time high after nearly 10 months of consolidation the break out is on huge volumes indicating that some informed buying has gone into the stock. it has taken Support exactly at 200 day EMA and then bounced generally above 200 day EMA bulls are active.Fundamentally the company has been working really good and the profitability has been continually increasing over last 10 years indicating that the rise is on strong and improving fundamentals. I wish to put stop loss at 200 day EMA as of now.

Mahiidar M
Enjoying Life
Trend is Friend.

Indian Oil Corporation:Rs.454

IOC has made all time high just now and notice the volumes on the break out move which is huge indicating that huge amount of informed buying has gone into the stock. Bulls seems to be active in the stock. I have kept a stop loss at Rs.375/-

Mahiidar M
Enjoying Life
Trend is Friend.

Idear Celluear: Rs.196 the stock has made a new all time high indicating strength in the stock and bulls are dominating the stock. It can be seen from the monthly chart above that the stock has formed an cup and Handle pattern over a period of 7-8 years and it seems to have broken above the neck line which should be a bullish sign for the stock. The long time taken for formation of the pattern is a very bullish sign. Fundamentally there is no introduction required its a leading telcom service provider india next only to Bharti Airtel as far as i know. Stop loss any close below 200 day EMA.

Mahiidar M
Enjoying Life
Trend is Friend

JB Chemicals and Pharma-Rs.260/- The stock made an all time high which is an indication of bulls getting stronger in the stock. The stock has made all time high in august and there after for eight months consolidated at the ATH came down and touched the break out neck line then started to move up which is a very bullish signal. So this is a stock which bulls are active as of now. Stop Loss:180 levels.

Mahiidar M
Enjoying Life
Trend is Friend.

Voltas Ltd- Rs.306/- has made an all time high after nearly 7 years. It has failed to move above Rs.270 Levels atleast three times and this time it successfully went over it. Notice the volumes are heavy indicating the some informed buying has gone into the stock and it has all the potential to move up substantially from current levels. Fundamentally there is no introduction required by the company it is a leading engineering, mining, construction equipments and solutions. So considering the infrastructure push of the current government we can expect healthy movement in long term. It appears the move has just started. Stop Loss:227/-.

Mahiidar M

Enjoying Life

Trend is Friend.

RSWM-Rs.240/- The stock has made an all time high which is a bullish signal for the stock. The stock has been trying to move above Rs.250/- for last 20 years and it seems to be successful this time. it has still not confirmed the same so it has to strongly close above 250 levels on weekly or monthy chart which would be very good for the bulls in the stock. Note that the stock has failed thrice to move above 250 once in 1995, second time in 2008 and 3rd time in 2014 and this time again its at 250 levels. So its better for the market to confirms the same but i thing it might be successful this time and if that happens that would be huge positive for bulls. one point to be noted is that the stock has closed at all time high this itself is a bullish sign. Stop Loss:180/-

Mahiidar M

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Trend is Friend.

Mindtech India Rs.85/- the stock seems to have made an all time high after nearly six months of consolidation. The above chart is a monthly chart. Notice the volumes which are very heavy compared compared to last 14 years which is a clear indication that informed investors might be logging into the stock expecting better future in the stock. The financials have been improving over last three to four years which is being justified by movement in the stock. So it appears that investors are betting on further improvement of financials which has all the potential to propel the stock higher. Stop loss: Rs.55/-

Mahiidar M

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Trend is Friend.

United Breweries : Rs.1112/- United Breweries has made a new all time high which generally gives a buy signal The stock has consolidated for nearly two years before making a new high so gives chances of good upside potential in the stock in weeks/months to come. The stock has taken support exactly at 200 week EMA and started to move up and made a new high which gives an indication that the stock is poised for further upsides in future. The company is a leader is breweries business in india and holds the brand "king Fisher". Stop Loss:Rs-945/-

Mahiidar M
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Trend is Friend.

VTL - Rs.570/- Vardhman Textiles Ltd has made an all time high today. It seems the stock can easily move places from current levels. It has Made an all time high in june move towards 500 levels then came back and took support exactly at the break out level and then started to move up the volumes on break out were heavy indicating that the investor interest is slowly coming into the stock. Fundamentally the company has fantastic financials its profitability has been increasing trend over last 10 years and except for TTM where in the profitability has come down. But its is a consistent dividend paying company. Stop Loss at break out level around Rs.400/-

Mahiidar M

Enjoying Life

Trend is Freind

Elecon Eng: Rs.78/-. the stock seems to be heading higher  in coming weeks/months. the stock has successfully move above 200 week EMA after 2008 which itself is a bullish signal. it move above 200 week EMA can down took support exactly at that and then started moving up on huge volumes which is a bullish signal. The heavy volumes indicate that the investor interest is coming into the stock and informed investors are buying into it expecting a better future for the stock. The financials lately are not so encouraging. But fundamentally the stock good and has a good business model.

Mahiidar M
Enjoying Life
Trend is Friend.