SHREE RENUKA SUGARS

Renuka Sugar is displaying a Dragon formation.  And it has given a BO above its Head.  Target can be 78 and 92. 

Happy Trading !
SHEKHAR

MAKE A DIFFERENCE TODAY

There was a man taking a morning walk at  the beach. 

He saw that along with the morning tide came hundreds of starfish and when the tide receded, they were left behind and with the morning sun rays, they would die. 

The tide was fresh and the starfish were alive. The man took a few steps, picked one and threw it into the water. He did that repeatedly. 

Right behind him there was another person who couldn't understand what this man was doing. He caught up with him and asked, "What are you doing? There are hundreds of starfish. How many can you help? What difference does it make?" 

This  man did not reply,  took two more steps, picked up another one and threw it into the water, and said,  "It makes a difference to this one."

STATE BANK OF INDIA

State Bank of India has made a double bottom and RSI is showing positive divergence.  Indicating a possibility of up move from here on.

Posted alongside is a EOD chart for SBIN.


CMP: 2213.10

One can buy here with SL below 2160.  Above 2356  TGT can be 2474 > 2663.

Alternatively,  Here is a short term chart for State Bank of India, the trend is still down.  A move past 2248 will turn the trend up in the short term.

One may take entry once the price closes above 2248.



HAPPY TRADING !
SHEKHAR

The Tea Cup

There was a couple who used to go to England to shop in the beautiful stores. They both liked antiques and pottery and especially teacups. This was their twenty-fifth wedding anniversary.

One day in this beautiful shop they saw a beautiful teacup.They said, "May we see that? We've never seen one quite so beautiful."

As the lady handed it to them, suddenly the teacup spoke. "You don't understand," it said. "I haven't always been a teacup.

There was a time when I was red and I was clay. My master took me and rolled me and patted me over and over and I yelled out, "let me alone", but he only smiled, "Not yet."

"Then I was placed on a spinning wheel," the teacup said, "and suddenly I was spun around and around and around.Stop it! I'm getting dizzy! I screamed. But the master only nodded and said, 'Not yet.'

Then he put me in the oven. I never felt such heat. I wondered why he wanted to burn me, and I yelled and knocked at the door. I could see him through the opening and I could read his lips as He shook his head, 'Not yet.'

Finally the door opened, he put me on the shelf, and I began to cool. 'There, that's better,' I said. And he brushed and painted me all over. The fumes were horrible. I thought I would gag. 'Stop it, stop it!' I cried. He only nodded, 'Not yet.'

Then suddenly he put me back into the oven, not like the first one. This was twice as hot and I knew I would suffocate. I begged. I pleaded. I screamed. I cried. All the time I could see him through the opening nodding his head saying, 'Not yet.'

Then I knew there wasn't any hope. I would never make it. I was ready to give up. But the door opened and he took me out and placed me on the shelf. One hour later he handed me a mirror and said, 'Look at yourself.And I did. I said, 'That's not me; that couldn't be me. It's beautiful. I'm beautiful.'

'I want you to remember, then,' he said, 'I know it hurts to be rolled and patted, but if I had left you alone, you'd have dried up.

I know it made you dizzy to spin around on the wheel, but if I had stopped, you would have crumbled. I knew it hurt and was hot and disagreeable in the oven, but if I hadn't put you there, you would have cracked.

I know the fumes were bad when I brushed and painted you all over, but if I hadn't done that, you never would have hardened; you would not have had any color in your life. And if I hadn't put you back in that second oven,you wouldn't survive for very long because the hardness would not have held. Now you are a finished product. You are what I had in mind when I first began with you.

BHARTI AIRTEL

BHARTI AIRTEL EOD

BHARTI 30 MIN CHART

  After the breakout  Bharti is on a  pullback mode.  330-340 is a crucial zone for Bharti as 200 SMA,   trendline support and 61.8% Fibonacci retracement comes in this zone.


It needs careful watch and one can take a long call in this region as and when it comes closer to 325 -340 ranges  with an SL below 308.  We can see higher levels in mid term horizon.


Short term trend is still down  but the volume activity at the lower levels suggest that  we may see some kind of bottom formation /reversal in the coming days. 

Happy Trading !
SHEKHAR

TCS

TCS 30 MIN TF

TCS seems to have hit the roadblock at 1250. On EOD basis it has seen a sharp fall at 1250 in the second attempt, a break below the TL will see more fall and may trigger bigger fall as the Weekly charts show -ve divergence closing below 1032 could Target 966 > 899 > 817. The above view holds until it closes convincingly above 1250.

TCS EOD

Short term charts {30 min} in fact shows it to be in a range and any move above 1245 or below 1140 can confirm the direction.

Action: Short immediate with SL above 1250 on closing basis. Or wait for break of TL on EOD charts which is somewhere close to 1150

CMP:  1192.1


Happy Trading !
SHEKHAR

TCS WEEKLY

HAPPY RAM NAVAMI !