Technical Analysis

7 th Feb 2018 ELM Nifty Matrix 7 th Feb 2018 ELM Bank Nifty Matrix

Fig: Eveready chart EVEREADY at support and RSI oversold. ( not a reco to buy/sell/ hold) Fig: bank of Baroda chart BANK OF BARODA at support STOCHASTIC oversold and positive crossover below 20. ( not a reco to buy/sell/ hold) Fig: TTK Prestige chart TTK PRESTIGE at support MFI above 50 level and RSI oversold. ( not a reco to buy/sell/ hold) Fig: TVS Motor chart TVS MOTOR at support MFI and RSI both oversold. ( not a reco to buy/sell/ hold)

6 th Feb 2018 ELM Nifty Matrix 6 th Feb 2018 ELM Bank Nifty Matrix

Allcargo Logisticsat support with rising CCI. ( not a reco to buy/sell/ hold) TCS stuck in channel and RSI coming down from over bought level. ( not a reco to buy/sell/ hold) INDIAN BANK near support and STOCHASTIC oversold. ( not a reco to buy/sell/ hold) United Breweries near 52 week high with rising volume. ( not a reco to buy/sell/ hold)

Nifty (weekly close approx. 10760.6): This week Nifty started bullish on the back of budget euphoria on Monday. But as the week progressed, significant global correction set the bearish tone and Nifty started falling in run-up to budget. The reintroduction...

SIEMENS forming channel with rising RSI. ( not a reco to buy/sell/ hold) BPCL broke channel and MACD above signal line. ( not a reco to buy/sell/ hold) NHPC at support level and STOCHASTIC over sold. ( not a reco to buy/sell/ hold) BRITANNIA stuck in channel with rising MACD. ( not a reco to buy/sell/ hold)

Macd bullish divergence on Bharti Infratel. ( not a reco to buy/sell/ hold) Tata motors on swing low support with Stochastic oversold. ( not a reco to buy/sell/ hold) Himatsingka seide above 200 sma and rsi oversold. ( not a reco to buy/sell/ hold) CESC on support area with Stochastic over sold. ( not a reco to buy/sell/ hold)

Bharti Airtel near his support and rsi oversold. ( not a reco to buy/sell/ hold). BPCL near his support and positive crossover on MACD. ( not a reco to buy/sell/ hold). ICICI Bank coming out from his over bought zone RSI break 70 level downward. ( not a reco to buy/sell/ hold) Ambuja cement on previous swing low support. ( not a reco to buy/sell/ hold)

Maruti Suzuki , daily candle forms outside triangular consolidation with increase in volume ( not a reco to buy/sell/ hold). Gillette India at the edge of consolidation with volume dying down substantially in last few days ( not a reco to buy/sell/ hold). Shakti Pumps broke its previous swing high with increase in volume ( not a reco to buy/sell/ hold). Sun Pharma Trading in narrow range, above previous swing high for last two weeks ( not a...

Nifty (weekly close approx. 10894.7): This week Nifty opened Gap-up and continued upward journey with Banking and Tech sector providing leadership in this rally which is unfolding with Govt. budget around the corner. The rally got fresh momentum since early...

Nifty (weekly close approx. 10681.25): This week Nifty opened Gap-up and continued upward journey with range-bound consolidation during the week. On Friday Nifty was very volatile, visiting both the upper and lower end of the weekly range between 10590-10690. Figure:...