Stock recommendations (equity)

Y

Yagnesh07

Well-Known Member
#191
#191
JP Associates : CMP- 87.45
Short Nov Fut below 84.
Taregt- 78-75
SL- 87 on closing basis

Stock has made a shooting star candlestick pattern on daily chart. There is a presence of negative divergence on RSI.
Also the 50% retracement comes at 78 levels from the last high on October 2012.

Target expected within 7-8 trading sessions once short call triggered.
 
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Y

Yagnesh07

Well-Known Member
#194
#194
Problem in US market?



Is something cooking with US market? Can Obama Govt. settle economy issues?
Lets look on to the chart....

1) You can see there is a upper trend line broken on weekly chart of S&P 500.
S&P market is very near to its all time high & neither able to break that crucial level nor touched it.

2) Also the support level which is shown by blue horizontal line also broken on last candle.

3)RSI is shifted from 70 to 40 bearish zone. There is a negative crossover just happened as per MACD analysis.

4) Now its time to watch that market will take support at shown by blue dotted horizontal line. If not able to sustain there will create more problem in near future.


Regards,

Yagnesh patel
Research Analyst (Technical)
 
K

kalkivenkat

New Member
#196
#196
Dear Mr. Yagnesh:

Trust this finds you in good cheer.

Let me first appreciate you for the great efforts you are putting in. I have gone through your entire thread of stocks.

Consisitency is very very high.

I would like to go with you, but I am stuck up with some other stocks.

Kindly let me know the Short/ Medium term future of the below stocks:

Dish TV-Taken @ 72.8, Apollo tyres-Taken @88, Speciality restaurant-Taken @186.

Hope you would respond & do the needful.

Once again a good piece of sharing from your end. Keep it up.

With Kind Thanks

Venkat
 
Y

Yagnesh07

Well-Known Member
#198
#198
@ kalkivenkat-

Thanks for your kind words.
Below is the view for particular stocks

Dish TV : If possible than book out @ 74.50, stock is at support level

Apollo Tyre: Strong resistance at 83. Good support at 76 levels. Keep SL- 76

Speciality restaurant : Keep SL 170 its a 61.8% Retracement level from 198 level high.


Regards,

Yagnesh patel
Research Analyst (Technical)
 
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