abu_huraira

abu_huraira Updated 

Although Tata Motors stock is down more than 70% from its fall, there is still no signal for a reversal in monthly chart. But it may give a good returns in next 1-2 months. Tata Motors can give a returns upto 30-40%, as we can see a growth in volume ans RSI is in oversold position. Also in daily and weekly chart buying has been seen forming Bullish Divergence. We...

abu_huraira

Nifty in bearish mode. Nifty making Bear flag pattern as seen in the graph. Nifty will not touch 11000 anytime soon. Breaking the flag will take nifty 1000 points downwards within a month.

abu_huraira

Nifty almost formed head and shoulder pattern in weekly chart. Nifty may take a small support near 10100 and then it will drag towards 9800 in this month.

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Tata Global Beverages Ltd almost 40% down from its 52 week high. It may continue its downward journey atleast 20% more from current price. Its PE ratio is also inline with industry PE ratio, which indicates uptrend from here will make this stock overly bought/ high price. Bottom fishing can be done starting from 150-160 range for a long term perspective.

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Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen. Current PE ratio of Asian Paints is high as per industry PE ratio. Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.

abu_huraira

Nifty small cap has broken monthly support but, holding support near Fibonacci levels near 6000. If small cap goes below 6000, chances of downfall of more 1000 points, which is next Fibonacci levels. At upside if there is any upward movement, small cap has next support near 7200. But RSI levels still unable to break the support, so the chances of downfall is more.