If you care to look at technical charts before taking investment/trading decisions in the stock market, this is the place you should be visiting regularly. CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page. Stay logged in!
DLF can trend higher towards Rs 190 In response to the news of stamp duty reduction in Maharashtra, prices have looked up rather nicely and are sustaining higher today. The whole market has rallied in the last few months but we can see that DLF has been mostly range bound through that time. Now prices are staging a breakout of the consolidation and with the tailwind of the newsflow, it should continue higher towards the Rs 183-190 band in the days ahead.
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Apollo Tyres: Picks up momentum This trend status check (source Neotrader) on Apollo Tyres reveals the following:
The stock has logged good gains in August (22%); prices are comfortably above Ichimoku Cloud, positional momentum dial is showing strength, multiday momentum dial picking up nicely. All of these show strength in the near term.
A stoploss for multiday trade could be Rs 120. Day trader stop below Rs 130.
One can initiate longs with such a stop. Immediate target would be Rs 140/144.
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