IDFC hit its life-time high in 2008 at around 235 & is now at 50% of that at around 112. Two attempts to rally since then, one in 2009 ended with a lower high and another in 2012 ended with an even lower high of 185 in January 2013. The lows however have been haphazard, sometime making higher lows like in 2011 & a lower low recently in 2013. Looking at the chart recently we've seen a rally from 75 to a recent close of 126, a price appreciation of 50% in about 3 months. But the real question is whether this rally will sustain in the long term for investors. We see the stock facing major resistance in the range of 113.5 to 126.5 with resistance points at 113.5, 120 & 126.5. This zone will prove tough for the stock to move up & even if there is a move above this, then the stock will have to wait & Stabilize above 120 for a long period of time in-order to rally further higher. Any volatile moves above this zone will be not worth investing yet & may be cut short abruptly. Support levels for the stock are seen at 98, 93.5 & 88.5. The support level at 93.5 is the strongest available for the stock as of now & any price action below this will signal the end of the present up-move & will confirm this up-move to be just an intermediate trend. The stock will not be a good investment bet any time soon, we see this to be an intermediate trend against the major trend as of now. To change that the sock will have to consistently sustain above he price point of 120. Until then the stock is still in a bear market. | |
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Hero Motocorp is one of the few large-cap stocks that has been seeing some upward movement in the recent past, whereas the larger markets and the index have been moving downwards. We take a look at Hero Motocorp in today's video & discuss it's possibilities with stop-loss, targets, supports & resistances. Do watch the videos in Hindi & English below to get the complete picture on Hero Motocorp. Subscribe to the YouTube chanell here - http://www.youtube.com/user/BlueMetalMoney Bullish in a bear market - Hero Motocorp - English Video - http://www.youtube.com/watch?v=tvVMHkRljI8 Bullish in a bear market - Hero Motocorp - Hindi Video - http://www.youtube.com/watch?v=QyRvyeExBqo
In our new video we look at how investors can identify a bad investment stock by simply looking at a daily candlestick chart of a security, volume & volatility, hence avoiding disastrous results on their portfolios. For this we take a look at the last few years on United Phosphorous and identify it's moves and risks in detail. Subscribe to the YouTube chanell here - http://www.youtube.com/user/BlueMetalMoney How to identify a bad investment stock - United Phosphorous English Video - http://www.youtube.com/watch?v=fvJuLGoSXO0 How to identify a bad investment stock - United Phosphorous Hindi Video - http://www.youtube.com/watch?v=liUZqldFC30
Nifty has been very confusing & direction less for the last 8 months. Since we last signaled an exit from the Nifty in January 2013 we have see the Nifty turn very volatile and remain largely sideways. Investors who remained invested in large cap stocks and the Nifty have had negative returns overall. In our video today we're looking at the Nifty futures contract to ascertain the future of the index. Watch the video below in Hindi & English to know our analysis in detail. Subscribe to our YouTube channel here - http://www.youtube.com/user/BlueMetalMoney
ITC is looking like it's coming into a minor consolidation area, but the stock looks very bullish & it looks like after the consolidation is exhausted the stock will move up much further to continue making new life time highs. In my new video below I discuss the stocks future potential & it's key supports and resistances. Supports - 320, 311 Resistances - 400, 450, 470 You can visit our YouTube channel here - www.youtube.com/user/bluemetalmoney Today's ITC Video - English Video - http://www.youtube.com/watch?v=gwSS5U41s5w Today's ITC Video - Hindi Video - http://www.youtube.com/watch?v=5XHSDmqnVK4
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