Market Outlook and Technical analysis swing/short/mid/long term

#2
Daily Outlook for 17 June 2011

Nifty closed 5396.75 (-50.75) after showing high of 5447.5 and low of 5389.80
NIFTY HAS TO BOUNCE BACK FROM HERE 5388-5343
On Friday (5403-5411)-(5425-5434) would be sell levels. Weak mkts wont cross 5419
Above 5447 (Todays High) we open for 5467-(54985539) sell levell. And above that we open for 5605-5636--(5709-5811) Heavy sell levels. And then the Frenzy area (5895-6087) where one should exit before Range and wait for a correction. Weak move wont cross 5563
Below 5389 todays low opens (5388) strong buy. Weak below 5388 opens 5343-5121
 
#5
WOCKHARDT- A stock to watch and buy on breakouts.

After making near double tops at 557-562 in 2005/2006 the stock crashed to 67.5 in march 2009
A corrective rise took the stock to 202 in Nov 2011
A higher bottom formation followed at 115 in May 2010.
Thereafter the stock attracted heavy volumes in its next move till 426 in Nov 2010.
After that the stock is in consolidation phase in the range of 300-420 area.
Seeing the charts the pattern is nearing completion in the period of one or two months time provided stock does not breach 300.
Near break out levels are 418-425 above which the stock will cross the high of precious consolidated area of 300-450 and will try to test life time high of 562 and proceed towards 750-800.
The stock has to absorb the supply between 375-450 which should be done in a period of one or two months.
Thereafter after the stock can have its dream run towards 560-750/800.
A stock to watch and buy on breakouts.
 
#6
Daily Outlook for 21 June 2011

Nifty closed 5257.90 (-108.5) after showing high of 5377.40 and low of 5195.90
NIFTY HAS TO REBOUND 5177-5125 area.
On Tuesday (5266)-(5308--5338) would be sell levels. Weak mkts wont cross 5287
Above 5377 (Todays High) we open for 540154495517 sell level. And above that we open for 5605-5636--(5709-5811) Heavy sell levels. And then the Frenzy area (5895-6087) where one should exit before Range and wait for a correction. Weak move wont cross 5563
Below 5195 todays low opens 51214961.
 
#7
Daily Outlook for 19 June 2011

Nifty closed 5613.55(+46.50) after showing high of 5627.65 and low of 5557.20
Nifty will try to test 5654-5688 again.
On Wednesday (56105600) would be buy levels.
Strong mkts wont break 5592
Above 5627- Todays High we open for (5648-5688)5732(200 DMA)-5782 Heavy sell levels.
And then the Frenzy area (5895-6087) where one should exit before Range and wait for a correction.
Below 5557 todays low opens 5530(Buy)---5497-5467-(5403-5313) with gap supports in between at (55665558).
Weak below 5313 opens 5177-5125(heavy buy level)
 

Similar threads