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

Enjoying Life

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
Enjoying Life
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.

Weekly technical Analysis for week ended 28^th March 2015.

Nifty for past three weeks is continually falling and the closing was at the lowest of the day which is an indication that the bears are ruling the market and are trying all means to take the market down. One important thing has happened in the market during the current weak, nifty has moved below 100 day EMA for the first time after one year which is a bearish indication. Previously in Feb 14 it moved below it and immediately in market it moved above it. This time it has moved below 100 day EMA in the month of March 15. We have to see whether the market reverses and move above it in the                                                                                           coming week. If it does so then it would be some good news for the bulls. Now if it doesn’t then it would be heading towards 200 day EMA which is at 8111 as of now. 200 day EMA should provide good support for the market as it has been doing for past two to three years. If 200 day EMA is violated then we can be sure that bears would tear into the market. S

Another scenario which is unfolding as of now which is pointing towards probable bearish scenario.20 day EMA is on the verge of moving below 50 day EMA. As of now 20 is above 50 but whenever cross over occurs that would point out to bearishness in the market. So the coming weeks is going to be very crucial as it has chances of giving the probable direction for the coming months. So the coming month of April is going to be very very crucial for the market as it can be gateway to bull and bear market. So keep tracking the market.

 

 It can be seen in the above chart, the blue circle is showing the movement below 100 day EMA and the yellow circle is showing the probable movement of 20 day EMA  below 50 day EMA. Wait and watch for the coming month which is going to be very interesting.

Mahiidar M

Enjoying Life

Trend is Freind.

 Total Profit Made in March series 1785 Points.

 Mahiidar M
Enjoying Life
trend is Freind.