GUJARAT GAS AS ON 21.7.2011

look at chart. gujarat gas is on verge of break out.  on close above 420 with volumes it will be a good break out.

nifty between 50dma and 200 dma

look at chart. nifty is stuck between 50 dma and 200 dma.more over a triangle is also seen. break out from the triangle will give short term direction.

BHARTI SHIPYARD

BHARTI SHIP YARD made a top of 865 in first week of Jan08 when sensex made top of 21200. after that it corrected upto 45.when sensex made bottom of 8047 in march 09.it was a huge fall of 820 and we saw pull back up to 353 in Jan 2010. it has tested 121 in last week.which is 75% retracement of rise from from 45 to 353.

daily chart is showing +ve diveregnce. stock can be added with stop loss below 120 on closing basis for long term investment. cmp is rs. 131.

sensex as on 28.6.2011

Chart attached with comments.

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update as on 1/07/2011

strength was maintained up to 30/06/2011.on crossing 18600 zone sensex tested strong resistance level around 19000 which is on down ward sloping trend line and sell off was seen today.movement in coming days will decide direction of market. decisive cross over of down ward trend line after some correction can be bullish otherwise more weakness to go for a new low.

BIOCON as on 13.6.2011

look at chart attached.

inverse head and shoulder pattern is seen in biocon.

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stock reversed from neck line.

NIFTY AS ON 9.06.2011

look at nifty weekly chart attached.

we may see a big move in coming few weeks on breaking out from triangle.

nifty as on 16.5.2011 H n S

look at nifty weekly chart.

actually it is HnS but by error INV HnS was written.

NIFTY HEAD n SHOULDER

look at nifty weekly chart.

sensex

comments on chart

sensex as on 26.4.2011

look at attached chart.