IndiaBulls: Correction in uptrend

The daily chart looks quite weak (see inset below). The start of a daily downtrend is rather likely, especially if 203 is taken out...

Ambuja Cements: Sell The Breakout

The weekly chart has the contours of a breakout failure above the pivots of 2014 and 2016 between ~275 and ~280. Although not a...

HPCL: Double Top

Sellers are gunning for a completion of the Double Top pattern visible on the daily chart. A close below 414 will validate the reversal...

Indian Overseas Bank: Trend Reversal?

Even though we're not a big fan of banks in general (not on a global level and especially not in EU), there are some...

ONGC: Lot of Potential

Trend strength on all time frames is strong and upside potential remains very considerable. On the weekly chart a first barrier of significance comes...

Castrol India: Buy Dips

The intentions of the recovery of the past 2-3 weeks were rather uncertain. With today's rally things become more clear; buyers are taking over....

Cadila Healthcare: End of Uptrend

With the setting of a new lower peak sellers are probably going to make a significant push lower. There is still some support around...

Cipla: Breakout Failure

Generally a breakout failure leads to a fierce counter move, at least on the near term. For Cipla this means a larger correction back...

Idea Cellular: Worth the Risk

Although the trend is still neutral/basing, the strong bullish divergence and dynamics on the daily chart suggest a solid recovery - and potential new...

Jaiprakash Power: New Uptrend

JP has decent upside potential now that a new uptrend has taken hold. Recently the trend line of 2013 and pivots of 2016 have...