Trading Edge Academy

CHART VIEW

Multi Commodity Exchange Of India Ltd.
- closes at resistance level
- Technical indicators are bullish and sloping upwards
- if price trades above resistance level 1640 more upside is expected
- next resistance is 1700 and 1800
- support is 1550 on daily chart.

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CHART VIEW

- closes in narrow range
- technical indicators are bullish
- if price trades above narrow range 640, more upside is expected.

INDICATORS USED:-
1. Fibonacci Retracement
2. Volume
3. Open Interest Data
4. Valuation Bands by TradingEdge Academy
&
* Proprietary Indicator *
"Trend and Reversals with Volume" by TradingEdge Academy
For more information regarding our services, please contact us. Check my profile information for contact details.

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India Ltd. CHART VIEW!!

- trading in between support and resistance zone
- technical indicators are mild bullish and sloping upwards
- if price trades above resistance level 140; more upside is expected.
- near by resisatcne is 153 and 165
- nearby support is 128 on daily chart.

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FUTURE

BUY NEAR 247
SL 244
TARGETS 253/ 261

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FUTURE

BUY NEAR 710
SL 701
TARGETS 718/ 729/ 740

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FUTURE

BUY NEAR 1295
SL 1275
TARGETS 1315/ 1340

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FUTURE

BUY NEAR 2420
SL 2398
TARGETS 2443/ 2488

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- The stock is moving in an ascending Channel & the price is trading near the lower trendline.
- Ascending triangle pattern formation. Wait for the breakout.

- TRENDLINE SUPPORT in 2HRS TF.
- 23.60% FIB retracement.
- Support from 200EMA in 15Mins TF.

Currently trading near resistance. Wait for the breakout.

STOCKS TO WATCH OVER THE NEXT WEEK.



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FUTURE TEST CALL

BUY NEAR 478
SL 470
TARGETS 502/ 530/ 555++

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FUTURE TEST CALL

SELL NEAR 330
SL 348
TARGETS 315/ 300/ 280++

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FUTURE TEST CALL

BUY NEAR 865
SL 850
TARGETS 880/ 920/ 940++

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FUTURE TEST CALL

BUY NEAR 2250
SL 2235
TARGETS 2280/ 2320/ 2375++

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FUTURE TEST CALL

SELL NEAR 738
SL 758
TARGETS 720/ 702/ 690++

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WEEKLY CHART VIEW!!

Tata Steel Ltd. is trading below the previous week's low.

Technical indicators are bullish but sloping downwards.

If the price trades below the weekly low of 596 nearby support is 562 and resistance is 725 on the weekly chart.

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WEEKLY CHART VIEW!!

National Aluminium Company Ltd. is trading right below the weekly resistance zone.

Short term breakout to take place above swing high of 49.2 level. Further momentum to take place above 50 level.

Probable resistance post-breakout comes at 52 and then at 58 level in medium-term.

Keep a watch.

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WEEKLY CHART VIEW!!

Indraprastha Gas Ltd. made a pullback to the breakout area and likely to stay positive in the near term till the stock stays above 505-515 zone.

Technical parameters look positive.

Keep a close watch.

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DAILY CHART VIEW!!

Reliance Industries Ltd. is trading at a weekly support zone and 38.2% Fib retracement.

Likely to see a bounce if the stock holds 1800-1820 zone.

Hourly close below 1800 level may extend weakness in the stock and the next probable support post breakdown comes at 1600-1620 zone.

Keep a close watch.

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DAILY CHART VIEW!!

Navin Fluorine International Ltd. bounced from the weekly support zone.

Likely to stay positive in the near term till the stock stays above 2220-2250 zone.

Technical parameters look neutral as of now. Probable resistance comes at 2500-2520 zone.

Keep a watch.

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WEELY CHART VIEW!!

Dabur India Ltd. The stock price had increased negative bias and closed very near to weekly low.

More down-side below 500 may increase negative bias further. As of now 525-545- 555 are must maintain as strong probable upside immediate resistances.

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WEEKLY CHART VIEW!!

Indiabulls Housing Finance Ltd. The stock price extended weakness below last week's low.

Technically closing very near to weekly low intact negative power intact.

More down-side below 186 may increase weakness towards 50Ma:179. Below 178 support comes at 173-150. On the upside 200 - 5MA: 219 are standing as immediate resistances.

KEEP A WATCH!!

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WEEKLY CHART VIEW!!

Jagran Prakashan Ltd. is consolidating in a rectangle pattern in the weekly chart.
Momentum breakout to take place above swing high of 52 level.

Technical parameters look neutral as of now.

Keep a watch.

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WEEKLY CHART VIEW!!

Infosys Ltd. Prior up move now countered with present weeks sharp negative closing below 5MA.

Technically underlying intra-week momentum is under bears control and further negativity below 1225 may increase it further.

On the upside resistance comes around 1300 (5Ma) -1250-1300-1400.

Keep a watch!!

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WEEKLY CHART VIEW!!

Tube Investments of India Ltd. The stock price had broken symmetrical triangle pattern in the weekly time frame.

Further weakness below 770 may try to increase negativity towards 750 .

On the upside resistance comes at 800-(5MA) :810.

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WEEKLY CHART VIEW!!

Wonderla Holidays Ltd. witnessed breakout in the daily chart and is likely to see short term resistance from 235-240 zone.

Technical parameters looks neutral to positive as of now. Next breakout to take place above 240 on hourly closing basis.

Keep a close watch.

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WEEKLY CHART VIEW!!

Balrampur Chini Mills Ltd. Till now the stock price is unable to produce breakout above 186 resistance and sharp strong negative closing visible below 5MA: 174.65.

Closing very near weekly low indicates negative strength. More lower side below 169 may increase weakness towards 160-157.

Keep a watch!

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WEEKLY CHART VIEW!!

NMDC Ltd. trading right above weekly support zone and 50% Fib retracement.

Likely to stay positive in the short term till the stock holds 103-104 zone on a closing basis. Immediate resistance in the short term comes at 110 and then at 116-118 zone.

Technical parameters looks neutral as of now.

Keep a watch!!

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The stock is facing resistance from 100EMA in 15MINS and 1Hour TF.
Also, stock faced trendline resistance.

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The stock formed a double bottom pattern in 15MINS TF and moved up. Currently trading near 50EMA resistance in 15MINS TF.
Also, in daily chart the stock is taking support from 100EMA.

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The stock took 50EMA support in 15MINS TF.
Currently trading near trendline resistance.
WAIT FOR THE BREAKOUT!!

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The stock broke the trendline resistance in 15mins TF & then re-tested the breakout area. Expecting further upmove in the coming trading sessions.

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TE INDICATOR'S PERFORMANCE!!

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TE INDICATOR'S PERFORMANCE!!

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$concall

The revenue from operations declined by 4.8% YoY to Rs 1,184.7 crore. The company reported a net profit of Rs 69.4 crore as against a net loss of Rs 9.4 crore last year.

It saw a double-digit growth in demand from eastern part of India and expects prices to increase in the upcoming quarters. The company is also looking forward to reduce its net debt.
PFA the synopsis of the conference call post results

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