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!
ZEE Prices in Zee have been under pressure for quite some time. Although the rally from March lows was a good one, it could not cover much ground and appears to have faltered at the first level of resistance. In the chart, long-term pivot expansions are used to track the stock on a weekly basis. It may now decline to seek support at the last swing lows around Rs 174 again.
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RELIANCE The good times don't seem to stop rolling for Reliance. The cheques are flowing in and the prices are moving up. The stock rose yet again, signaling an end to the recent consolidation. Most elements in the Ichimoku charts seem to be in the clear. Prices hauling themselves towards Rs 2,300 and beyond should also create a new pathway for the CS line to run.
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(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
According,to my technical analysis both ZEE and RELIANCE are a good pick not only for the long term but also for short term. ZEE has an upside potential of around 20 - 50 % percent and RELIANCE is expected to give us a new high
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