Past performance

Andhra Bank – 133.25 Date – 26th June,2011- Sunday
Open – 135.80, High – 135.80, Low – 127, Close – 133.25.



1. Retracement from Lows of 34.60 on 31st Oct 2008 to High of 189.90 on 29th Oct, 2010. 23.60% = 153.65, 33.33% 138.54%, 38.20% =    130.98, 50% = 112.32, 61.80% = 94.10.
2. Andhra Bank retraced more than 61.80% @ 130 of the Retracement pf move from 94.20 on 26th Feb 2010 to 189.90 on 29th Oct, 2010.    23.60% = 167.50, 33.33% = 158.23, 38.20% = 153.65 % , 50% = 142.18, 61.80% = 130 & went to 124.58
3. Note – 124 is the CHANGE IN POLARITY.
4. Then it retraced this fall from 189.90 to 124 to 159 i.e. just above the 50% mark of this fall 23.60% = 139.71, 38.20% = 149.28, 50% 156.98,
5. Therefore projection from 189.90on 29th Oct 2010 to 124 on 21stJan 2011 & Projection from 159 on 8th April 2011. Gives 23.60% = 143.41,    33.33% = 137.50, 38.20% = 134.15, 50% = 126.43, 61.80% = 118.72, 100% = 93.09.
6. The week before the Big Black candle closed below its 34WEMA @ 142.94 & 13WEMA @ 141.54. Therefore it demotes that the trend is down    & will reverse only after close above after 143.
7. Weekly RSI poised at 41.26 showing sideways movement.
8. Weekly Price Roc moved to negative territory @ -11.81 forming M Pattern giving tgt of (-17.60) Negative Zone
9. The Relative strength comparative to sensex the stock is out performing the SENSEX from last 1 year.
10. Andhra Bank weekly Line charts. 200WEMA = 111.57, 89WEMA = 132.13, 13WEMA = 140 & 134WEMA = 143.
11. After Forming Lower Tops & Lower bottoms the Stock is been moving sideways in the broad range of 130 to 152. But since 1st April 2011     onwards it's shifting down with lower tops & Lower Bottoms.
12. There Was Buying Interest for the stock with Volume @ 95 – 100 Levels. During 26ht March, 2010.
13. Important levels to watch Resistance – 140,143, 153.65, 158, 165, 167, 170.
14. Strong Resistance – Trend Reversal – 140-143 & 154.
15. Support – 132, 130, 124, 118, 112, 100, 93-94.
16. Strong Support Levels – 132, 124, & 94 to 100.



If Andhra Bank Cash Breaks 130 Short on Rise to 130 with Stop Loss of 133 Tgt 1 – 123 & Tgt 2 – 118 & Tgt 3 - 94


Gujarat State Petro Ltd. (GSPL) – 17th August 2011





Hindalco Futures - Open – 116.75, High – 121.60, Low – 114.20 Closes – 119.50. Dated – 9th May 2012



Hindalco Futures - Open – 116.75, High – 121.60, Low – 114.20 Closes – 119.50. Dated – 9th May 2012

• The Stock is trading below its 200DEMA, 89DEMA, 34DEMA, 13DEMA.
• The Stock is continuously forming lower tops & lower bottoms
• This indicates that the main trend of the stock is down.
• However, the levels of 114 to 115 has been a good support zone for the stock, in the past also twice it has seen buying interest at 114 levels   & reversed from there on.
• The major support for the stock is Rs 114 to 115.
• The long term resistance for the stock is 129 & 138, if it crosses these levels then it will resume into a new Bull market trend.
• The short term resistances for the stock are 122, 124 & 126.50 respectively.
• In the Present case scenario if it manages to close above 122 then it would be able to reach 124 & 126.50 levels.
• If the stock reverses from 124 to 126.50 levels than it will again form a new down leg towards 114 levels.
• If it manages to break 124 – 126.50 levels than it can reach up to 129 levels.

Jatin.Rambhia – Technical Analyst



Name : - Jatin.Rambhia Date : - 22nd December ,2012

MRPL Daily Charts


• The Immediate term trend for MRPL is Down .
• On Upside MRPL will face strong resistance @ 62-62.25.
• If it is able to close above 62.50 then it can move upto 66.
• If it breaks down 60.50 then it can further move down upto 58 & then to 56.30.

Jatin.Rambhia - Technical Analyst



Nifty Future – Date: - 18th December, 2011,



Nifty Future – Date: - 18th December, 2011,

1. Nifty Futures had closed with the big black candle with Open = 4775, High 4840, Low = 4625, Close = 4643. That too with very high Volumes of Rs 3,39,16,352 which is above the 34 Day average volume of Rs 2,22,31,340
2. The recent down move has started with the Island reversal with High @ 5402.
3. I have recognized the Head & Shoulder Pattern on the Nifty Daily Charts. With Left Shoulder High @ 5174. Head @ 5402 & Right Shoulder high @ 5134.
4. Volumes are also supporting this H& S pattern as shown in the charts.
5. The Target this of H & S = 4020.
6. The neck line is @ 4700. To get more confirmation on this pattern we require the firm close below 4700, which has already happen on 16th December, 2011 Friday.
7. As seen in the charts the Nifty Future has reversed from the intra day low taking support on the neckline drawn in Red Color & six times it went below the neckline in the Intra- day move , But closed above the 4700 levels all the time.
8. This time it's different, since it has closed below the 4700 levels that too with Very High Volumes.
9. This pattern gets null & void if the Nifty Future closes in the coming week above 4750.

Jatin.Rambhia – Technical Analyst



Date: - 26/01/2013 Saturday Nifty Futures Daily charts



Nifty Future has made closed 6073.70 on Friday 25/01/2013.

• The Long term trend & Short term trend of Nifty Future is UP.
• The trading range for Nifty Future is 6038 to 6109.
• It can make an attempt to 6109.
• If it breaks 6109 & closes above 6109 then the immediate target is with Stop loss 6100.
• If it breaks 6015 & closes below 6000 decisively immediate target is 5970 with strict Stop loss at 6020.
• If it breaks 5970 decisively than target is 5917 – 5900 Stop loss at 6000.

Disclaimer: - The views given above are solely independent analysis based on the technical study of the chart on the given date & do not stand oblique in any circumstances for the trade decision taken by the trader.

Regards
Jatin.Rambhia- Technical Analyst



Nifty Future – 09th April 2013



Nifty Future – 09th April 2013.

1. Nifty Future RSI @ 29, yet bottom has to be formed.
2. Nifty Future closed @ 5500 i.e 78.6 % ( The Golden Ratio ) of the current projection of fall
3. The Volume on Nifty Future was @ 14270250 much higher than 13 Day Exponential Moving average of volume @ 11514021.
4. Support for Nifty Future can be 5420.
5. Resistance for Nifty Future can be 5545 – 5558.

Suggestion: - YOU can buy Nifty 5500 PE (Put) @ Rs 69 S.L – 62, Tgt – 83

Note: - Disclaimer - The above study is based on the sole analysis of the Technical charts of Nifty Future.

Jatin.Rambhia – (Technical Analysis)



Nifty Future: - Open – 5549, High – 5708, Low- 5539, Close – 5696. Dated- 16 th April 2013



Nifty Future: - Open – 5549, High – 5708, Low- 5539, Close – 5696.- Dated- 16 th April 2013

1. Nifty Future RSI @ 50.74 above the resistance level.
2. Nifty Future moved a fantastic move on short covering giving respect to 34EMA @ 5712 with volumes at 17859550 much above the moving average.
3. Nifty Future Resistance – 5712, 5740, Crucial Resistance (Trend reversal point) @ 5800.
4. Nifty Future Support – 5620. Crucial support (Trend Reversal point) @ 5600.

Note: - Disclaimer - The above study is based on the sole analysis of the Technical charts of Nifty Future.

Jatin.Rambhia (Technical Analyst)