Sunday, August 4, 2013

Pidilite Industries - Trending channel

  • Wait for the trending channel to break.
  • Currently in a 3rd wave from 133.65.


Saturday, August 3, 2013

Hindustan Zinc - Trading Channel - Support Levels

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  • For investing, levels to buy: 90-85. 
  • Fibo Support 50%@89. Resistance at 20 DMA

FAG Bearings - Cloud Breakdown - Supports


  • For the first time in 2 years, FAG Bearings closes below Weekly Ichimou cloud. Long term trendline already taken out.
  • Trending down in a perfect channel.
  • MACD Negative Divergence and GMMA levels breakdown.
  • Supports at  1135-1150. Close below these levels means retracement for the upmove from 760 and 500 levels.


Bharti Airtel - BROAD Descending Triangle pattern.


  • Airtel trading in a long term Descending Triangle pattern. 
  • Levels to SHORT in the coming weeks - 365-370. SL 375. Above 380, there will be breakout towards higher levels.


Berger Paints - Death Cross - Support & Resistance Levels



  • Price is trading in a perfect channel.
  • On Weekly charts, there is bearish MACD crossover and price bounced from trendline support.
  • On Daily charts, price gave a Death Cross and is below Ichimoku Cloud@220 and100 DMA@ 220. Negative Divergences seen in MACD and RSI.
  • Next supports- 200 DMA and trading channel support - 191 and 185 respectively. 
  • Resistance -100 DMA - 220.

Kajaria Ceramics - MACD Triple Divergence



  • Triple Divergence on MACD chart. Confirmation will come if price closes below 100 DMA. Close below 100 DMA will push the price towards lower end of the trading channel.
  • Levels to watchout - 220, 100 DMA, trendline support (currently around 200 levels)