Friday, December 16, 2011

Weekly Technical check of the scrips



Scrips
Signal
Bata India
Stage 3 stock and will come down. Now is sell on rallies. Trend indicator is in sell and weekly is entering the oversold zone. So may be bottoming for a possible corrective rally in a week or so.
VIP Industries
Made a high at 200+, today closed at 84. Has reached 200wema with the weekly stocs at oversold status and trend indicator in sell position. It is a stage 3 stock and now would need time to heal itself technically before some money can be made
TTK prestige
Stage 3 stock. Yet to correct much like other midcaps. Not a place to buy.
Kajaria Ceramics
Stage 3 stock. Corrected and had a v shaped bounce. Has closed at 101 and looks like forming a bear flag. Sell on rallies
Arvind
Stage 3 stock that is now in correction mode. Has now reached 100wema and has reached oversold status on weekly. Trend indicator is in sell mode today.
Bajaj Auto
Trend indicator has given a sell after the overbought indicator gave a sell.
Mahindra
Mahindra has reached oversold zone on weekly and the trend indicator is in sell mode
Tata motors
Weekly indicators are still in buy mode but needs market to support the prices upwards not down
Hindalco
After correcting from a high of 250+ hindalco technically reached oversold zone on weekly and afterwards weekly has given a buy and trend indicator as well.
ACC
Weekly indicators have moved in sell mode after the overbought status was reached
KFA
After reaching overbought status the indicator has given a sell. Trend indicator is still in buy
JSW
Sell mode will decline more
HUL
No trade right now in it. Has run up too far.
HCC
Oversold and no trade
HDIL
Heavy volume selling, may be panic selling
IDBI
In sell mode and oversold zone as well
IVRCL
Sell mode now
Ambuja cements
Possibly will come down now
DLF
Sell mode
JPA
Sell mode and reaching oversold zone
HCL
Possible bear flag in the making
Idea
Sell mode
Rcom
No trade
Jubilant
Sell mode
Havells
Sell mode
GSFC
Stage 3 stock. Is getting sold now.
PNB
Sell mode
SBIN
Buy mode
NIFTY
Tata steel
Sell mode
Pantaloon retail
Sell mode
Shoppers stop
Sell mode
DB realty
Sell mode
Lovable
Sell mode. Oversold
Dish TV
Sell mode
Lanco Infra
Sell mode
Gati
Possible bear flag. Sell mode
Sintex
Oversold and sell mode
Titan
Sell mode
Pipavav
Sell mode
DCB
Oversold and sell mode
Delta Corp
Sell mode
ITC
Sell mode
Gitanjali Gems
Sell mode


Observation –
1.       This is yet not a market to get into mid caps
2.       Some semblance is sanity is in blue chips but they may go either way, though on a monthly TF we are in oversold zone for these scrips
3.       Wait for mid caps to form some sort of base and general conditions in the markets to improve

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