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.