The Chart that matters right now: USDINR
USDINR on weekly chart has created a well defined barrier around 63.91. The big question: Will INR depreciate below 63.91 on weekly basis? If it does, how will it play out.
Nifty: Where are dip buyers?
Nifty lost additional 15 points today. Market lacks enthusiasm but can this chart help?
Sun Pharma: Will Support basket hold or crack?
Sun Pharma stock has been doing great to hold above 100 day moving averages for weeks now. The big question: Will it eventually hold or crack? The benefit of doubt goes to bulls. It should ideally hold.
Adani Enterprises: Sudden Selling because stocks have sharp memory
It looks like somebody did huge profit booking on Adani Enterprises stock today. Why? Looks like Technical selling as stock was trading near 2011 Highs. Here's Adani Enterprises weekly chart
Bank of India: How Low is Low?
There is a reason why market hates PSU Banks. Bank of India is trading near lows and still there is no sign of turnaround. The only positive thing: one can hope for some bounce but big question: will it sustain?
Wockhardt Pharma: Yo Yo Chart
How can you analyze a chart where stock makes 10% up move one day and then cracks 9% on following day. Wockhardt Pharma makes big moves but recently has been all over the place
Bombay Burmah: Trying to Breakout to New High
At a time, when entire market is working hard to secure support on the downside, here's one stock that's preparing to breakout to new high. That's a sign of strength and stock is interesting watch
Tata Power to move out of Index
Tata Power is now trading near 5 year lows. Why wait that long before replacing the stock from index. And worse: Lupin replaces the stock after huge run up.
Jain Irrigation: Momentum Ignition ON
Jain Irrigation stock made an impressive move. Is this re-start of momentum cycle. Well, it depends on follow through?
What is one thing that can wipe all stock technicals? - It is the overall market risk. If top down selling takes over, then no amount of individual strength can withstand. It's like if Ship sinks, then it does not matter how strong you are or how good you look.
- Chart Check: Focus on USD
- Chart Talk Searching for Direction
- Chart Talk May 26 2015
- Chart to watch on May 25 2015
- Ten Charts to keep an eye on May 20 2015
Please share your comments on what you think of above stock observations
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers