Cairn Weekly chart

Cairn has formed a ghost on the CCI in weekly charts. It has also bounced from long term trendline supports. Wort buying and holding for target of 360-375 in the medium term. With Vedanta and Essar trying to buy stake, can take it up.

Nifty weekly charts

The weekly chart shows Nifty in upward channel. If the lower trendline support is held then we can see upmove to 6300 levels. CCI is still in buy mode. We may see the upmove happen in January and before budget.

RIL and Crude monthly charts

These are the monthly charts of Reliance Industries and Mcx crude. As can be seen Reliance has been in a range from nearly 2 years. Now let us relate this with crude oil monthly chart. We can see similar pattern. we are now seeing volumes returning in crude oil. If it breaks out of this range we can see an upmove of rs 400-500 in crude. Reliance breaking out of this range will touch 1600 levels. Reliance is a buy at dip around 930 levels and hold for six months for the above mentioned targets.

Nifty weekly chart 21/11/2010

Nifty behaving as Expected

Ashish Pandey BULLS need to Rest Bears Are you ready for revenge . Puts will be jackpot for Nov . Nifty Range 6364-6160 for few days
November 7 at 10:03pm ·LikeUnlike · Comment

href="http://www.facebook.com/profile.php?id=100000836985233">


Nov seems perfect month for Bear attack . But Santa will give big gift to bulls . Time to start Buy again with deep sl @ 18800 target will be New High

Nifty weekly chart 3-11-2009

Tata chem near breakout

Tata chem is showing a cup and handle formation. A closing above 440 will take it up to 480 levels. Can go long with Stop loss of 425. This is a delivery based call.