akshaynehru

akshaynehru

Rel Infra after a quick fall looks to be recovering - can it break through the 605 barrier this time is the question. Wait and watch

akshaynehru Updated 

reliance infra could look to move towards 625-640 if the lower end of the channel support holds.

akshaynehru

Looks like a flag formation after a quick up move. If it breaks 114 it could make a quick burst up. Currently trading at a long term resistance level as well, so a decisive move is needed

akshaynehru

A break on the upside through the pennant could see 240 being hit in a week's time. However results out on the 8th of May and therefore may be prudent to observe the pattern till then, before taking a position.

akshaynehru

Jet Airways looks to be under selling pressure with a support between 495 and 499 holding currently. In case this breaks it could fall to 485. However, it is showing to be oversold currently - so would be interesting to watch.

akshaynehru

Just dial has formed a descending triangle pattern with support between 520-517. If it breaks this support it can go all the way to 500 and further to 480 in a short time frame.

akshaynehru

Strong resistance between 324-325 on the daily chart - even though the stock is trending up, MACD is trending down. Possible breakdown from the trendline? Wait and watch...

akshaynehru

Ujjivan is threatening to break out from a daily downtrend channel as well as a strong resistance at 395-396. IF it is able to break through and sustain it then it could trend all the way to 420+ and on a longer term basis to 445-450.

akshaynehru Updated 

Anant raj has been on an uptrend on the daily chart with a top in place at about 51... It appears to be getting squeezed and priming itself for a breakout. Fundamentally the stock is undervalued - trading at 0.3 of book giving investors a decent margin of safety on the downside.

akshaynehru Updated 

Ceat on the daily charts is testing a long term channel breakout at 1294. If the breakout is sustained then the next target is 1400. Again, sector has positive tailwinds with reduced Chinese imports and stable rubber prices. Ceat trades at 13 times earnings - which is the sector average

akshaynehru

On the daily chart Torrent Pharma is rising within a channel range + at a strong support level @1450-1460, from where it may bounce towards 1600 if the support holds.

akshaynehru

TATA Chemicals on the daily chart looks good to test the upper band of the channel which it has stayed within - testing 620-622. It has stayed within the lower limit of the channel and closed above a minor resistance..

akshaynehru

Bank of India on the daily charts is at its resistance point - where it has broken down from multiple times earlier. Interested to see what will happen this time.