Nifty
Time frame
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Trend indicator
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Lead indicator
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Candlestick
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Conclusion
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Monthly
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Sell mode
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Sell mode but in oversold zone at 18
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Lower low and lower high continuation candle and averages are negative aligned.
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4361 is the next possible level which is 100mema
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Weekly
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In sell mode
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Sell and heading into oversold zone 19
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Higher high and higher low. Has closed below 200wema 4626 levels. Averages are negatively aligned.
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Bias remains negative though volumes were lower.
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Daily
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At the cusp of giving sell signal
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Given a sell after turning down from 50 levels
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Lower low and lower high and a continuation candle though volume was lower
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Bias remains downwards.4613 and 4544 are the next possible levels
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TATA MOTORS
Time frame
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Trend indicator
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Lead indicator
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Candlestick
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Conclusion
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Monthly
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Sell mode
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Buy mode at 32
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Inside month candle stick and triangle has been forming since last 3 months now
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Strong resistances in 185-189 region due to 8/13mema.
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Weekly
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Buy mode
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Sell mode now
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Higher low and higher high with 8/13/100 emas aligning at 178-180 zone.
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Bias is neutral
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Daily
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Mild sell – at the cusp
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Sell mode turned down from 60
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Outside day with price at 8/13/100dema around 178-180 levels
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Bias is neutral
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HINDUSTAN LEVER
Time frame
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Trend indicator
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Lead indicator
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Candlestick
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Conclusion
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Monthly
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Buy
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Buy but overbought and possibly turning down
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Doji with new high and little volume being the divergence
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Bias remains sideways to neutral
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Weekly
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Buy mode
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Buy mode but overbought
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Doji at new high with overbought conditions
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Bias will be sideways to down
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Daily
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Almost at sell
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Sell mode now after being overbought
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Large negative outside day candlestick. Closed below 8ema. Volume and momentum gave negative divergence
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Bias is to the downside
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INFOSYS
Time frame
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Trend indicator
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Lead indicator
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Candlestick
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Conclusion
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Monthly
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Sell with lower histograms
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Buy mode with levels at 37
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Bullish harami but in candlestick. Triangle similar to tata motors 2758 and 2738 are 13 and 8mema. It has closed above both at 2768
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Bias is upwards
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Weekly
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Buy mode
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Mild sell at 65
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Bullish belthold fast rise set up possible
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Bias remains upwards
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Daily
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Buy but flat
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Mild sell at 76
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Higher high and higher low with close above 200ema 8/13 ema now very positive. Can break out of the triangle this week
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Remains a buy with 2748 – 200ema as the stop loss on closing
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