Orchid Chemicals

There is an head and shoulder pattern in orchid chemicals and is trading below its neckline so it can target  235-215 .
(Facing problem in uploading charts)

Update : INDUSIND BANK

INDUSIND Bank made a high of 238 and reversed to hit the stop loss.

Update : Petronet

Petronet target given in this post reached today.

Update : SBIN

State Bank of India made a high of  2814.75 and reversed back to hit the stop loss.

Update : Reliance

Target for Reliance given in this post reached today.

INDUSIND BANK

One can buy indusind bank for target of 251 with a stop loss of couple of closing below 227.

Cipla

Cipla is at important level , breakdown from this level could take the stock another 30-40 rs down.

Reliance

One can buy Reliance above 950 for a target of 1000.

SBIN

One can buy state bank of india (SBIN) above 2735 for target of 2980 with stop loss of 2690 on closing basis.

Petronet

Petronet chart show a breakdown from rising wedge...........so now the stock could target 105.

Nifty

There is a strong possibility of nifty seeing a bounce back tomorrow or getting into consolidation which could last for a few days.

Update : Descending Triangle In Nifty

Nifty target given in this post reached today.

Update : M&M

M&M target given in this post reached today.

Update : Cipla

Cipla reached target given in this post .

Nifty

Nifty at important support.

Update : ITC

ITC target reached given in this post .

Nifty : Forming a Range ??

Nifty is trading in a range for last 4 sessions,will it continue to trade in the same range or breakout is yet to be seen.

Tata Steel

Tata Steel has formed head and shoulder pattern on daily charts, so couple of closings below 625 could take the stock another 100 points on the downside.