Weekly View - 22.10.18

Company Name Industry Page No
United Spirits Breweries & Distilleries 1

Titan Company Diamond & Jewellery 2
Ashok Leyland Auto 3
Bajaj Auto Auto 4
Bosch Auto 5
Eicher Motors Auto 6
Escorts Auto 7
Hero MotoCorp Auto 8
Mahindra & Mahindra Auto 9
Maruti Suzuki India Auto 10
Motherson Sumi Auto 11
Tata Motors Auto 12
Tata Motors DVR Auto 13
TVS Motor Company Auto 14
Can Fin Homes Housing Finance 15
Indiabulls Housing Fin Housing Finance 16
LIC Housing Finance Housing Finance 17
Sun TV Network Media & Entertainment 18
TV18 Broadcast Media & Entertainment 19
PVR Media & Entertainment 20
Zee Entertainment Media & Entertainment 21
Ajanta Pharma Healthcare 22
Apollo Hospitals Healthcare 23
Aurobindo Pharma Healthcare 24
Biocon Healthcare 25
Cadila Healthcare Healthcare 26
Cipla Healthcare 27
Divis Laboratories Healthcare 28
Dr. Reddys Lab Healthcare 29
Glenmark Pharma Healthcare 30
Granules India Healthcare 31
Lupin Healthcare 32
Strides Shasun Healthcare 33
Sun Pharma Healthcare 34
Piramal Enterprises Healthcare 35
Gail Inds. Gas & Fuels 36
Mahanagar Gas Inds. Gas & Fuels 37
BPCL Oil & Refineries 38
HPCL Oil & Refineries 39
IOC Oil & Refineries 40
Oil India Oil & Refineries 41
ONGC Oil & Refineries 42
Reliance Industries Oil & Refineries 43
MRPL Oil & Refineries 44
Allahabad Bank Bank - Public 46
Andhra Bank Bank - Public 47
Bank Of Baroda Bank - Public 48
Bank Of India Bank - Public 49
Canara Bank Bank - Public 50
IDBI Bank Bank - Public 51
Indian Bank Bank - Public 52
OBC Bank - Public 53
Punjab National Bank Bank - Public 54
State Bank Of India Bank - Public 55
Syndicate Bank Bank - Public 56
Union Bank Of India Bank - Public 57
CG Power & Ind Solutions Capital Goods 58
Havells India Capital Goods 59
Siemens Capital Goods 60
BEML Capital Goods 61
Bharat Electronics Capital Goods 62
BHEL Capital Goods 63
Engineers India Capital Goods 64
Asian Paints Chemicals 65
Godrej Industries Chemicals 66
Pidilite Industries Chemicals 67
BERGER PAINTS (I) LTD Chemicals 68
Kaveri Seed Company Agri 69
Tata Chemicals Agri 70
Jain Irrigation Syst Agri 71
Tata Global Beverg Agri 72
Gujarat State Fertilizers & Chemicals
Limited Agri 73
Jet Airways Aviation 74
INTERGLOBE AVIATION LTD Aviation 75
Voltas Consumer Durables 76
Century Textiles Diversified 77
Grasim Industries Diversified 78
SRF Diversified 79
Britannia Industries FMCG 80
Colgate-Palmolive FMCG 81
Dabur India FMCG 82
Godrej Consm Prdcts FMCG 83
Hindustan Unilever FMCG 84
ITC FMCG 85
Jubilant FoodWorks FMCG 86
NESTLE INDIA LIMITED FMCG 87
MARICO FMCG 88
KAJARIA CERAMICS LTD Furnishing 89
HCL Technologies IT 90
Hexaware Tech IT 91
Infosys IT 92
KPIT Technologies IT 93
Mindtree IT 94
NIIT Technologies IT 95
Tata Consultancy IT 96
Tata Elxsi IT 97
Tech Mahindra IT 98
Wipro IT 99
Arvind Textile 100
Page Industries Textile 101
Raymond Ltd Textile 102
Just Dial Miscellaneous 103
Bata India Retailing 104
IDFC Finance 105
IFCI Finance 106
L&T Finance Holdings Finance 107
Mah & Mah Fin Finance 108
Power Fin Corp Finance 109
Reliance Capital Finance 110
Rural Elect Corp Finance 111
Shriram Transport Fin Finance 112
BAJAJ FINSERV LTD. Finance 113
MAX FINANCIAL SERV LTD Finance 114
SREI INFRASTRUCTURE FINAN Finance 115
UJJIVAN FIN. SERVC. LTD. Finance 116
Bajaj Finance Finance 117
Bharat Fin Inclusion Finance 118
HDFC Ltd Finance 119
CAPITAL FIRST LIMITED Finance 120
CHOLAMANDALAM IN & FIN CO Finance 121
EQUITAS HOLDINGS LIMITED Finance 122
MANAPPURAM FINANCE LTD Finance 123
MUTHOOT FINANCE LIMITED Finance 124
ICICI Pru Life Finance 125
Amara Raja Batteries Automobile & Ancillaries 126
Exide Industries Automobile & Ancillaries 127
Apollo Tyres Automobile & Ancillaries 128
Bharat Forge Automobile & Ancillaries 129
Castrol India Automobile & Ancillaries 130
Ceat Automobile & Ancillaries 131
Cummins India Automobile & Ancillaries 132
MRF Automobile & Ancillaries 133
BALKRISHNA IND. LTD Automobile & Ancillaries 134
Dalmia Bharat Ltd Cement 135
ACC Cement 136
Ambuja Cements Cement 137
The India Cements Cement 138
Ultratech Cement Cement 139
THE RAMCO CEMENTS LIMITED Cement 140
SHREE CEMENT LIMITED Cement 141
Coal India Mining & Metals 142
NMDC Mining & Metals 143
Hindalco Industries Mining & Metals 144
Hindustan Zinc Mining & Metals 145
Vedanta Mining & Metals 146
NATIONAL ALUMINIUM CO LTD Mining & Metals 147
Jindl Steel & Power Iron & Steel 148
JSW Steel Iron & Steel 149
SAIL Iron & Steel 150
Tata Steel Iron & Steel 151
Adani Ports Logistics 152
Container Corp Logistics 153
CESC Power 154
NTPC Power 155
Power Grid Corp Power 156
PTC India Power 157
Reliance Infrastructure Power 158
Tata Power Company Power 159
Torrent Power Power 160
IRB Infra Infrastructure 161
Larsen & Toubro Infrastructure 162
NCC Infrastructure 163
Multi commodity exchange Trading 164
Adani Enterprises Trading 165
Bharti Airtel Telecom 166
Tata Communications Telecom 167
DLF Realty 168
NBCC (India) Limited Realty 169
DCB Bank Bank - Private 170
HDFC Bank Bank - Private 171
IDFC Bank Bank - Private 172
IndusInd Bank Bank - Private 173
Kotak Mahindra Bank Bank - Private 174
The Karnataka Bank Bank - Private 175
Yes Bank Bank - Private 176
RBL BANK LIMITED Bank - Private 177
Axis Bank Bank - Private 178
ICICI Bank Bank - Private 179
The Federal Bank Bank - Private 180
Breweries & Distilleries
United Spirits Views Sell
Daily
View
Strong headwind at 550 should be bearish targeting 420 or lower. Bullish on strength above
560.
Weekly
View
Falling range and bearish Head & Shoulder pattern breakdown at 550 - 520 should target 420-
400 zones. Fresh short only on weakness below 500. Bullish on channel breakdown failure
above 560 targeting 700+ levels.
1
Diamond & Jewellery
Titan Company Views Sell
Daily
View
Trading channel at 820 – 740 zones. Bullish breakout only above 840 targeting 920 at least.
Weakness below 800 should be shorted targeting 740 – 720 levels.
Weekly
View
Bearish Head & Shoulder pattern breakdown at 820 should target 700 – 650 zones. Bullish
only on a failed breakdown from the said pattern above weekly high at 845. Strength above
950 should target rising trend-line resistance at 1050.
2
Auto
Ashok Leyland Views Buy
Daily
View
Likely formation of bullish reverse Head & Shoulder pattern with breakout above 125 should
target 145+ levels.
Weekly
View
Trading channel at 135 – 105 zones. Bearish only on breakdown below 105 otherwise likely target
135 then 150.
3
Auto
Bajaj Auto Views Sell
Daily
View
Short-term bearish flag pattern breakdown below 2500 should target 2350. Bullish only
above pivot high at 2826.
Weekly
View
Weekly Head & Shoulder pattern breakdown below 2700 and then below pivot low at 2605
should be traded with bearish bias targeting 2350 at least. Sustained pullback possible only
above 2800.
4
Auto
Bosch Views Sell
Daily
View
Short-term trend continuation pennant pattern breakdown below 18000 targeting 17000 at
least. Bullish only above falling supply-line breakout above 20400.
Weekly
View
Strength above 19900 should trigger reverse Head & Shoulder pattern breakout targeting
24000 at least. Bearish on breakout failure below 18900 targeting 15000 or lower..
5
Auto
Eicher Motors Views Sell
Daily
View
Possible bear-flag pattern should trigger on weakness below 23000 targeting 19000 and then
16500. Bullish on strength above 25000.
Weekly
View
Likely bearish Wolfe Wave pattern targeting 17000 in weekly chart.
6
Auto
Escorts Views Sell
Daily
View
Breakdown from trend continuation bear-flag pattern at 580 zones should target 420 at least.
Sell on rise at every opportunity.
Weekly
View
Likely bearish Head & Shoulder pattern breakdown at 600 should target 500 or lower. Bullish
only on breakdown failure above weekly high at 650 – 660 zones.
7
Auto
Hero Moto Corp Views Sell
Daily
View
Range breakdown below 3000 should target 2500. Sell on rise towards 2800-3000. Range
breakout above 3000 should target 3200.
Weekly
View
Bearish Wolfe Wave pattern target at 2500. Sell on rise towards bearish Head & Shoulder
pattern neckline at 3000-3100 zones.
8
Auto
Mahindra & Mahindra Views Sell
Daily
View
Likely bearish trend continuation pennant pattern should target 670 or lower. Bullish only
above 840.
Weekly
View
Break below upper trend-line of channel should see price breakdown on weakness below 750
targeting 640 or lower. Sell on rise towards 820.
9
Auto
Maruti Suzuki India Views Sell
Daily
View
Trend continuation pennant breakdown at 6700 should target 6250 at least.

Weekly
View
Double top pattern breakdown below 8250 should target 6600. Bullish only above falling
supply line at 7700 – 7800 zones.
10
Auto
Motherson Sumi Views Sell
Daily
View
Bullish reverse Head & Shoulder pattern breakout above 260 should target 310. Patten failure
and the weakness below 240 should be shorted.
Weekly
View
Bearish Head & Shoulder pattern breakdown at 260 should target 200 or lower. Sell on rise
towards 260.
11
Auto
Tata Motors Views Sell
Daily
View
Short term trend continuation pennant pattern should target 150. Gap resistance at 210.
Weekly
View
Strong headwind of rising supply line at 200 should target 125 at least.
12
Auto
Tata Motors DVR Views Sell
Daily
View
Trend continuation pennant break below 95 should target 80 at least.

Weekly
View
Break of rising demand line at 120 should target 75 level. Sell on rise towards 110.
13
Auto
TVS Motor Company Views Sell
Daily
View
Bearish Head & Shoulder pattern break at 520 should target 460 or lower. Bullish only on
failed break above 560.
Weekly
View
Falling channel trading within 490 – 570 zones should breakdown below 480 targeting 425
otherwise should target channel upper resistance at 580 – 600 zones.
14
Housing Finance
CAN FIN HOMES LTD Views Sell
Daily
View
Falling channel trading within 250 – 210 zones. Weakness below 240 should be shorted.
Bullish on breakout above 255 targeting falling supply line at 280.
Weekly
View
Channel breakdown at 230-228 should target 180 – 170 zones eventually.
15
Housing Finance
Indiabulls Housing Fin Views Sell
Daily
View
Trend continuation triangle pattern should breakdown below 850 targeting 600. Strong
gap resistance at 760 – 780 zones. Sell on rise towards 750.
Weekly
View
Rising demand line at 800 should find buying interest targeting rising supply line at 1050.
Bullish only on pullback above 800 otherwise sell on rise. Break below 800 – 780 zone should
target 500. Trading channel at 1000 – 800 zones.
16
Housing Finance
LIC Housing Finance Views Sell
Daily
View
Falling channel trading within 425 – 375 zones. Bearish below 415 targeting 375 or lower.
Bullish only above horizontal supply line at 460.
Weekly
View
Breakdown from bearish Head & Shoulder pattern at 460 should continue towards pattern
target at 350 then 300. Bullish on strength above neckline resistance at 455 – 460 zones
targeting 600.
17
Media & Entertainment
Sun TV Network Views Neutral
Daily
View
Breakout from reverse bullish Head & Shoulder pattern at 640 should target 740 or higher.
Bearish on pattern failure below 620 targeting 520.
Weekly
View
Trend continuation triangle pattern should breakdown below 600 targeting 460 or lower.
Bullish only above weekly high at 680.
18
TV18 Broadcast Views Neutral
Daily
View
Falling channel failed breakdown at 34 was bought. Continuation above 40 should be bullish
targeting channel breakout above 44 then likely targeting 50.
Weekly
View
Rising channel trading within 62-36 zones has broken down below 35. Sell on rise towards 36
should target 24-23 zones. Bullish on failed breakdown above 41-42 levels.
19
Housing Finance
PVR Views Neutral
Daily
View
Rising expanding pattern should be bullish only on strength above 1340 targeting 1440 at
least.
Weekly
View
Bullish on breakout from reverse Head & Shoulder pattern at 1425 should target 1800.
Bearish on weakness below 1180 targeting 1030.
20
Zee Entertainment Views Sell
Daily
View
Trading range at 480 – 430. Sell on weakness below 480. Bullish on pullback above 50 DsMA
at 479 targeting 510-530.
Weekly
View
Channel breakdown at 510 should target 380 at least. Sell on rise towards 500.
21
Healthcare
Ajanta Pharma Views Sell
Daily
View
Likely formation of bearish pennant pattern with breakdown below 980 zones should target
910 at least.
Weekly
View
Breakdown from bearish Head & Shoulder pattern at 1100 should target 600. Breakdown
expected below 900.
22
Healthcare
Apollo Hospitals Views Neutral
Daily
View
Likely Trend continuation triangle break below 1080 should target 960 or lower. Bullish view
possible only above 1160. Breakout above 1225.
Weekly
View
Falling demand line support at 1090. Bearish only on a break below pivot low at 996 targeting
900 otherwise bullish above 1150 targeting 1250 or higher.
23
Healthcare
Aurobindo Pharma Views Neutral
Daily
View
Possible bear-flag pattern with breakdown below 735 targeting 680 – 660 zones. Bullish on a
failed break below 730 then above 760.
Weekly
View
Likely formation of bullish pennant formation targeting 1000. Bullish on breakout above 825.
24
Healthcare
Biocon Views Neutral
Daily
View
Likely formation of bullish Head & Shoulder pattern targeting 740 or higher. Bearish only on
failed breakout below 600.
Weekly
View
Expanding pattern upper resistance at 750 – 760 zones and lower support at 575. Breakout
above 760 should target 880 or higher. Break below 580 should see 520 – 470 zones.
25
Healthcare
Cadila Healthcare Views Sell
Daily
View
Likely triangle trading within 410 – 370 should break on the downside targeting 340 or lower.
Bullish only on pullback above 420 otherwise cautious.
Weekly
View
Failed breakout above 440 should target lower support at 330 then likely breakdown.
26
Healthcare
Cipla Views Neutral
Daily
View
Range bound channel trading within 680 – 630 breakdown should target 590 at least. Bullish
only on failed break above 650.
Weekly
View
Possible failed breakout at 660 should target lower levels towards 520. Bullish only on
breakout above 680.
27
Healthcare
Divis Laboratories Views Sell
Daily
View
Bearish Head & Shoulder pattern with breakdown below 1240 should target 1080 or lower.
Bullish only above weekly high at 1340..
Weekly
View
Bearish Wolfe Wave pattern with failed breakout at 1350 should target 900. Breakdown
below 1250 – 1240 zones.
28
Healthcare
Dr. Reddys Lab Views Buy
Daily
View
Bullish reverse Head & Shoulder pattern breakout above 2520 should target 2700 at least.
Cautious below 50 DsMA at 2459.
Weekly
View
Bullish reverse Head & Shoulder pattern breakout above 2475 should target 2800 - 3100. Buy
on decline towards 2400 or above 100 WSMA at 2459. Bearish on a failed breakout below
2267.
29
Healthcare
Glenmark Pharma Views Sell
Daily
View
Bear-flag pattern with breakdown below 580 should target 540.

Weekly
View
Likely reverse bullish Head & Shoulder pattern with breakout above 620 should target 750.
Cautious below 50 WSMA at 579 targeting 480.
30
Healthcare
Granules India Views Sell
Daily
View
Breakdown from bearish pennant pattern at 90 should target 70 or lower.

Weekly
View
Likely completion of 1-2-3 pullback should be confirmed on weakness below 20 WSMA at 98

targeting 60 or lower. Breakout above 125 should nullify the bearish scenario and target 150
or higher.
31
Healthcare
Lupin Views Neutral
Daily
View
Breakdown from bearish Head & Shoulder pattern below 820 should target 700 or lower.
Bullish only above 50 DsMA at 888.
Weekly
View
Bullish reverse Head & Shoulder pattern with neckline resistance at 940 – 950 zones should
target 1000 - 1100 - 1250. Bearish on a failed breakout confirmation below 50 WSMA at 843
targeting 780 - 660.
32
Healthcare
Strides Shasun Views Sell
Daily
View
Break from bearish pennant should target 370 or lower. Bullish on a failed break and above
460 should target 550.
Weekly
View
Strong falling supply line at 500 – 510 zones. Bearish breakdown expected below 20 WSMA at
423 targeting 360 or lower. Fresh bullish above supply line resistance at 450 – 460 zones.
33
Healthcare
Sun Pharma Views Neutral
Daily
View
Bearish flag pattern breakdown below 590 should target 550 or lower. Bullish only above
resistance zone at 620-630.
Weekly
View
Likely bullish reverse Head & Shoulder pattern with neckline support at 590 should target
700+ levels. Bearish on failed breakout below 575 targeting 500 at least.
34
Healthcare
Piramal Enterprises LTD Views Neutral
Daily
View
Bearish pennant breakdown at 2200 should target 1600 or lower. Sell on rise towards 2200.
Weekly
View
Likely failed reverse Head & Shoulder pattern. Breakdown on range break below 2225
targeting 1600 at least. Bullish on strength above 2500.
35
Inds. Gas & Fuels
Gail Views Buy
Daily
View
Rising supply line resistance at 350-360 zone. Bullish only above 370 targeting 400+ levels
otherwise cautious.
Weekly
View
Channel trading within 410 – 320 should continue targeting upper resistance at 410 – 420
zones.
36
Inds. Gas & Fuels
Mahanagar Gas Views Sell
Daily
View
Falling channel trading within 830 – 750 should be sell on weakness at 830 – 820 zones.
Bullish above 850 targeting 910.
Weekly
View
Likely breakdown from bearish Head & Shoulder pattern at 900 should target 640 - 600.
Rising channel break below 820 should see 680. Bearish on weakness below 800. Pullback
possible only on strength above 860.
37
Inds. Gas & Fuels
BPCL Views Sell
Daily
View
Strong gap resistance at 285 – 295 zones. Bullish only on strength above 320 targeting 450 –
460 zones. Short on weakness below 300 targeting 240 or lower.
Weekly
View
Falling channel resistance at 300 should be short on rise targeting 230 or lower. Bullish only
on resistance beakout above 320 targeting 370 or higher.
38
Inds. Gas & Fuels
HPCL Views Neutral
Daily
View
Bullish pennant breakout above 221 should target 260 or higher.

Weekly
View
Likely bear run to continue targeting demand line at 128 – 130 zones. Bullish only on strength
at 240 otherwise cautious.
39
Inds. Gas & Fuels
IOC Views Neutral
Daily
View
Bullish pennant breakout above 140 should target 160 or higher.

Weekly
View
Range breakdown at 140 should target lower support of the said range at 100. Sell on rise
towards 140. Bullish only above 145 – 150 zones targeting 180 or higher.
40
Inds. Gas & Fuels
Oil India Views Buy
Daily
View
Falling channel pattern trading within 220 – 180 zones. Bullish above 210 targeting pattern
breakout target at 260.
Weekly
View
Bearish rising wedge breakdown at 190 should target 130 at least. Bullish only above 200
targeting 260; otherwise cautious.
41
Inds. Gas & Fuels
ONGC Views Buy
Daily
View
Rising channel trading breakdown target has been achieved at 150. Likely pullback above gap
resistance at 170 will be bullish.
Weekly
View
Bearish Head & Shoulder pattern breakdown below 150 should target 120 or lower. Bullish on
failed break above 150-160 zones targeting 210.
42
Inds. Gas & Fuels
Reliance Industries Views Sell
Daily
View
Bearish bear-flag pattern with resistance at 1160 should be bearish targeting 920 or lower.
Weekly
View
Pullback above supply line at 1120 should be bullish. Bullish breakout above 1130 otherwise
cautious. Break below 1000 should target 910 then possibly 800 levels.
43
Inds. Gas & Fuels
MRPL Views Buy
Daily
View
Pullback after failed breakdown should target 91 – 92 at least.

Weekly
View
Channel breakout above 85 should target 100+ levels.
44
Bank - Public
Allahabad Bank Views Sell
Daily
View
Triangle trading should be short below 36 targeting 32 or lower.

Weekly
View
Symmetrical triangle breakdown at 39 should target 30 at least. Bullish only on strength

above 43.
46
Bank - Public
Andhra Bank Views Sell
Daily
View
Bearish pennant breakdown below 26 should be traded with bearish bias targeting 22. Bullish
on pullback above 30 should target 44.
Weekly
View
Falling channel pattern lower resistance at 28 should be sell on rise targeting 20-19 zones.
Bullish on strength above 30.
47
Bank - Public
Bank Of Baroda Views Buy
Daily
View
Falling channel trading should pullback towards 100 then likely 110 – 115 zones. Bearish on
failed breakout above 105 then below 96 should target 85.
Weekly
View
Bearish Head & Shoulder pattern breakdown at 110 should target 70 eventually. Sell on rise
towards 110.
48
Bank - Public
Bank Of India Views Sell
Daily
View
Bearish pennant pattern breakdown at 75 should target 65 at least.

Weekly
View
Falling channel trading within 100 – 65 zones. Weekly inside bar suggests likely bearish trend
to continue targeting 65.
49
Bank - Public
Canara Bank Views Sell
Daily
View
Trend continuation bear flag breakdown at 210 should target 190.

Weekly
View
Trend continuation triangle breakdown below 210 should target 170 or lower.
50
Bank - Public
IDBI Bank Views Buy
Daily
View
Bullish reverse Head & Shoulder pattern breakout above 60 should target 66. Cautious below
55.
Weekly
View
Strong resistance zone at 65 - 66. Strength above 66 should see sharp rise towards 80 then
likely 90 or higher.
51
Bank - Public
Indian Bank Views Sell
Daily
View
Trend continuation bearish pennant pattern break below 220 should target at 180 or lower.
Weekly
View
Bearish Head & Shoulder pattern should target 140 or lower. Sell on rise towards pattern
neckline at 290. Bullish only on strength above 310 targeting 380 – 400 zones.
52
Bank - Public
Oriental Bank Views Sell
Daily
View
Channel trading within 58-68 zones should target lower support at 58-57.
Weekly
View
Breakdown from bearish Head & Shoulder pattern at 70 should reach 50 at least. Sell on rise
towards 70.
53
Bank - Public
Punjab National Bank Views Sell
Daily
View
Bearish flag breakdown below 65 should target 52 at least.

Weekly
View
Breakdown from bearish channel at 66 should reach 50 at least. Sell below 65.
54
Bank - Public
State Bank Of India Views Sell
Daily
View
Bearish flag pattern should breakdown below 255 targeting 230 or lower.
Weekly
View
Rising channel breakdown below 265 should target 230 at least. Bullish on failed break above
285.
55
Bank - Public
Syndicate Bank Views Sell
Daily
View
Trend continuation expanding pattern break below 32 should target 28 or lower.

Weekly
View
Break of support at 36 should see downtrend towards 20. Sell on rise towards 36. Bullish only
above 42 otherwise cautious.
56
Bank - Public
Union Bank Of India Views Sell
Daily
View
Trend continuation bearish flag pattern break below 65 should target 55 or lower.
Weekly
View
Falling range at 85 – 65 should break below 65 should target 52 at least. Bullish only above 75
targeting 85.
57
Capital Goods
CG Power & Ind Solutions Views Sell
Daily
View
Bear-flag breakdown should target 34 at least.

Weekly
View
Bearish Head & Shoulder pattern breakdown should target 30. Sell on rise towards pattern
neckline resistance at 48.
58
Capital Goods
Havells India Views Neutral
Daily
View
Channel trading with bullish bias above 623. Breakdown below 550.
Weekly
View
Previous pivot high support at 592.5. Strength above 625 should find supply at 660-670.
Bearish below 550 targeting 500.
59
Capital Goods
Siemens Views Neutral
Daily
View
Failed break below falling support at 880 should trend up with bullish bias above 990
targeting 1090 or higher. Bearish below 870.
Weekly
View
Rising channel breakdown at 1120 should target 765 at least.
60
CAPITAL GOODS
BEML Views SELL
Daily
View
Traders can go short on rise around 617 level as it is trading in strong bear trend.
Immediate support is placed at 534 and resistance at 672 mark.
Weekly
View
Trading in bear trend and if it breaks below 534 then fresh weakness can be seen. Crucial
resistance is at 640. Support at 534 levels.
61
CAPITAL GOODS
BEL Views SELL
Daily
View
Consolidating at lower level and if it moves above 90 then pullback rally can be witnessed
and on the downside break below 74 can trigger fresh weakness. Immediate resistance is
placed at 97 levels and support at 69 levels.
Weekly
View
Sell on rise should be approached as it is trading in oversold zone but if it breaks 74 then
fresh momentum can be seen in favour of bears. Resistance stands at 96 & 102(20DMA)
and support is placed at 69 levels.
62
CAPITAL GOODS
BHEL Views SELL
Daily
View
Higher low formation in daily scale indicates minor pullback rally and likely to face
supply around 82 mark. Support is placed at 64(swing low) mark.
Weekly
View
In a verge to form W pattern in weekly scale and if manages to move above 84 then
short term reversal can be witnessed. Resistance at 83(50MA) and support at 64(swing
low) levels.
63
CAPITAL GOODS
Enginers India Views SELL
Daily
View
Pullback witnessed from lower level to test its breakdown level. If it breaks 112 mark
decisively then bear trend likely to resume. Resistance is placed at 126(100DMA) levels
and support stands at 98.
Weekly
View
Breakdown from consolidation phase indicates weakness until it crosses 129(200DMA)

levels. Crucial support is placed at 98 level.
64
CHEMICALS
Asian Paints Views SELL
Daily
View
Facing resistance at its falling trend line and break below 1220 can witness fresh
weakness.. Support stands at 1180 levels and resistance at 1327(100DMA).
Weekly
View
Hovering around its previous breakout zone and if it moves above 1287 then likely to test
towards 20DMA (1328) mark. Support at 1232(50DMA) and resistance stands at
1328(20DMA).
65
CHEMICALS
Godrej Industries Views NEUTRAL
Daily
View
Consolidating within a range and need to wait for clarity. Resistance at 501(20DMA)
and support at 442 levels.
Weekly
View
It is trading around support of 200DMA (465) hence pullback rally can be witnessed.
Resistance stands at 520 levels.
66
CHEMICALS
PIDILITIND Views SELL
Daily
View
Trading below the important support of 200DMA (1020). Until it moves above 1020 the
price can may correct further. If it manages to move above 1020 then bull trend likely to
resume. Support stand at 895.
Weekly
View
Hammer candlestick pattern indicates pause in down side momentum and if it crosses
1010 then bull trend likely to resume. Support at 867 and resistance at 1081 levels.
67
CHEMICALS
Berger Paint Views BUY
Daily
View
Trading around its multiple support area. On the upside if it moves above 301(20DMA)
then bull trend likely to resume. Support stands at 280(200DMA) zones.
Weekly
View
Spinning top candlestick pattern indicates indecisiveness. If it crosses above 303 then
price can move up. Support stands at 277(50DMA) levels.
68
AGRI
KAVERI SEEDS Views SELL
Daily
View
Sell on rise should be approached until it crosses 540(200DMA) level. . Support is placed
at 450 marks.
Weekly
View
Cup & Handle pattern breakout indicates bullish momentum. Buy on dips should be
approached and violation of 431 level will nullify the cup & handle pattern.
69
AGRI
TATA CHEMICALS Views SELL
Daily
View
Trading below upward sloping trend line should be traded with negative bias and sell on
rise should be approached. Support is placed at 622 levels and resistance at 687 levels.
Weekly
View
Spinning top candlestick pattern indicates indecisiveness. Resistance at 715(50DMA)

levels.
70
AGRI
JAIN IRRIGATION Views SELL
Daily
View
In a verge to for bear flag and break below 63 likely to trigger fresh weakness.
Resistance is placed at 71 level and support stands at 55 levels.
Weekly
View
Bear flag breakdown indicates weakness and sell on rise should be approached for
favourable risk reward ratio. Resistance stands at 71 and support at 55 levels.
71
AGRI
TATA GLOBAL Views SELL
Daily
View
It is facing resistance at its falling trend line for multiple times. Traders should go for
short opportunity until it moves above 265. Support stands at 205 and resistance at
245(100DMA) & 263(200DMA) levels.
Weekly
View
Facing resistance at its falling trend line of 265 levels. Support stands at 201 and
resistance at 242 & 265 levels.
72
AGRI
GSFC Views SELL
Daily
View
Breakdown level of 100 should act as supply zone. Sell on rise should be approached.
Support at 84 and resistance at 96(20DMA) levels.
Weekly
View
Break below 200DMA(100) indicates weakness. It is likely to trade negative until crosses
100 on closing basis. Support stands at 84 levels.
73
AVIATION
JET AIRWAYS Views SELL
Daily
View
Pull back rally may face resistance at 249(50DMA) and its previous breakdown level.
Support stands at 169 mark and resistance at 249(50DMA)
Weekly
View
Trading with pullback mode and likely to face resistance at 291(20DMA) levels. Support
stands at 162 mark.
74
AVIATION
INDIGO Views SELL
Daily
View
It is trading in down trend below its all important moving averages and facing resistance
its previous breakdown level. Below 817 fresh weakness can be seen. Support stands at
691 levels and resistance at 877.
Weekly
View
Spinning top candlestick pattern indicates indecisiveness. Support at 691 and resistance
at 910.
75
CONSUMER DURABLES
VOLTAS Views NEUTRAL
Daily
View
Range bound trading expected in between 519 & 472. Immediate resistance stands at
525(20DMA) levels and support at 472 levels
Weekly
View
Hammer candlestick pattern around 100DMA(510) may lead to pullback rally above 519.
Support stands at 472 levels and resistance at 557(20DMA).
76
DIVERSIFIED
CENTURY TEXTILE Views SELL
Daily
View
Trading below the breakdown level of horizontal trend line indicates weakness. Support
is placed at 720 level and resistance stands at 813(20DMA).
Weekly
View
Overall trend is weak and sell on rise should be followed until crosses 858 mark. Support
stands at 720 mark.
77
DIVERSIFIED
GRASIM Views SELL
Daily
View
Bear flag breakdown suggests fresh weakness. Support stands at 860(swing low) and
resistance at 915 levels.
Weekly
View
Trading below upward slanting trend line indicates weakness. Decisive move below
860 can take the price towards 824 levels. Support stands at 824 levels and resistance
at 998(20DMA) levels.
78
DIVERSIFIED
SRF Views SELL
Daily
View
Likely to witness sideways movement with negative bias until it crosses 1903 mark
decisively. Support stands at 1615 levels and resistance stands at 1815(100DMA) levels.
Weekly
View
Hovering around 100DMA(1748) level and if it moves above 1809(20DMA) then pullback
rally cannot be ruled out. Support stands at 1530 (swing low) and resistance at
1892(50DMA) levels.
79
FMCG
BRITANNIA Views BUY
Daily
View
Consolidating within a range and MACD indicator is in positive territory. If it trades

above 5790 decisively then it is likely to resume bull trend. Resistance stands at
6146(100DMA) and support at 5347.
Weekly
View
Piercing line candlestick pattern and trading above 50DMA(5460) may lead to reversal in
the trend. It is likely to trade towards North in short term. Support stands at 5347 and
resistance at 6167 mark.
80
FMCG
COLPAL Views SELL
Daily
View
Trading its all important moving averages indicates weakness and likely to face resistance
at higher level around 1124(200DMA). If it manages to cross above 1124 then pullback
can be seen. Support stands at 1018.
Weekly
View
Long legged doji candlestick pattern indicates indecisiveness. Support stands at

1018(swing low) and resistance at 1140(20DMA) levels.
81
FMCG
DABUR Views BUY
Daily
View
Trading around its previous breakout level and if manages to cross 420 then pullback rally
can be seen. Support is placed at 380(200DMA) & resistance at 443 levels.
Weekly
View
Despite of correction it holding above 50DMA(376) levels. Bullish bias should continue in
near term above 419 mark. Support stands at 383 and resistance at 491 levels.
82
FMCG
GODREJCP Views BUY
Daily
View
In current trajectory the stock is in pullback mode. If it crosses 769 mark then bull trend
likely to resume. Support stands at 709 and resistance at 769(200DMA).
Weekly
View
Spinning top candlestick pattern indicates indecisiveness. Sustenance above 762 likely
to resume bull trend. Support stands at 667(100DMA) and resistance at 832(20DMA).
83
FMCG
HINDUNILVR Views BUY
Daily
View
Positive divergence in RSI may lead to pullback above 1581 mark towards
1651(100DMA). Support stands at 1520 & resistance stands at 1651(100DMA) levels.
Weekly
View
Hammer candlestick pattern around 50DMA(1491) may lead to pullback towards

1663(20DMA) mark.
84
FMCG
ITC Views BUY
Daily
View
Hovering above 200DMA(278) level. Above 291 can take the price up till 299(50DMA)
mark.
Weekly
View
If it moves above 292 then it may move higher till 303 mark. Support stands at 276 levels.
85
FMCG
JUILANT FOOD Views BUY
Daily
View
Bullish engulfing candlestick pattern indicates positive bias. If it manages to move above
1275 then bullish sentiment likely to persist. Support stands at 1238 mark and
resistance at 1375 levels.
Weekly
View
Big bull candle followed by spinning top indicates positive bias. If it moves above 1275
then pullback likely to continue till 1380(20DMA).
86
FMCG
NESTLE INDIA Views BUY
Daily
View
Trading within a range above 200DMA (9158) support levels. If it moves above 100DMA
(10147) then bullish bias likely to resume.
Weekly
View
Spinning top indicates indecisiveness. If it traders above 9860 then up move can be seen.
Support stands at 8970 and resistance at 10190 levels.
87
FMCG
MARICO Views SELL
Daily
View
Sell on rise should be approached until it crosses 328(200DMA) levels. Resistance

stands at 321(20DMA) levels and support stands at 282 level.
Weekly
View
Any attempt to cross above 326 should be traded with bullish bias else cautious.
Resistance stands at 326 and support at 282.
88
FURNISHING
KAJARIA CERAMICS Views SELL
Daily
View
Trading below the bear flag indicates weakness. Support stands at 327 and resistance at
367(20DMA).
Weekly
View
It is facing resistance at 405(Break down level) and support stands at 298 levels.
89
IT
HCL TECH Views SELL
Daily
View
Break below 200DMA(972) indicates weakness in near term. Resistance stands at 1020
levels and support stands at 940 mark.
Weekly
View
Shooting star candlestick pattern indicates minor pullback rally. Support stands at 953
and resistance at 1036.
90
IT
HEXAWARE Views SELL
Daily
View
Below 372 fresh weakness can be seen and can be considered as range breakdown.
Support stands at 325 and resistance at 391.
Weekly
View
Trading below 50DMA (402) levels indicates weakness. Support is placed at 319 and
resistance stands at 402 levels.
91
IT
INFOSYS Views NEUTRAL
Daily
View
Gapdown indicates weakness but no trade setup is being observed. Below 678 may
witness corrective rally. Support stands at 661 levels and resistance at 710.
Weekly
View
Bull trend likely to resume above 722 mark else it may witness corrective rally. Support
stands at 661 & resistance at 755 levels.
92
IT
KPIT Views BUY
Daily
View
Likely to face supply around 225(20DMA) levels. Support stands at 186 and resistance at
225 mark.
Weekly
View
Pullback rally can be witnessed until it violates 100DMA(182) mark. Resistance stands at
236 (50DMA) mark.
93
IT
MINDTREE Views SELL
Daily
View
Big bear candle suggests that it is in firm grip of bears. Support stands at 801levels and
resistance stands at 918(200DMA).
Weekly
View
Break below 50DMA(861) indicates weakness. Resistance stands at 861 levels and
support at 672(10DMA).
94
IT
NIIT TECH Views BUY
Daily
View
Long position should be maintained till it holds 1162(20DMA). Below 1162 cautious
approach should be followed. Resistance stands at 1265.
Weekl
y View
Big bull candle indicates positive momentum. Support stands at 1204(20DMA) and
resistance at 1425.
95
IT
TCS Views SELL
Daily
View
Hammer candlestick pattern indicates minor pullback but trend is weak until croses 1959
mark.. Support stands at 1870 levels and resistance at 2013.
Weekly
View
Trading below 20DMA(1977) indicates weakness. Support stands at 1870 and resistance
at 1977.
96
IT
TATA ELXSI Views SELL
Daily
View
Bear flag breakdown is being observed and if it trades below 953 then weakness likely to
persist. Support stands at Swing low of 922 and resistance at 1055 levels.
Weekly
View
Doji candlestick pattern indicates indecisiveness. Support stands at 868(200DMA) and

resistance at 1055.
97
IT
TECH MAHINDRA Views SELL
Daily
View
Big bear candle below 100DMA(697) indicates fresh weakness. Support stands at and
resistance at 657(200DMA) levels and resistance at 720(50DMA).
Weekly
View
Trading below 20DMA(696) indicates weakness in short term. Support stands at

634(50DMA) and resistance at 735 levels.
98
IT
WIPRO Views BUY
Daily
View
Hovering around 20DMA(323) and any attempt to move above 329 likely to resume
uptrend. Support stands at 309 levels and resistance at 338.
Weekly
View
Tipple top crossover is being observed but unable to hold the price at higher level. If it
manages to move above 328 then it is likely to test 364 on the upside.
99
TEXTILE
ARVIND Views SELL
Daily
View
Sell on rise should be until it crosses 340 mark. Support stands at 275 levels and
resistance at 330(20DMA) levels.
Weekly
View
Violation of channel indicates weakness until it crosses 343 mark. Support stands at 264
and resistance at 343(200DMA) levels.
100
TEXTILE
PAGE Views BUY
Daily
View
After a corrective rally it is hovering around 100DMA(29705) mark. If it moves above

100DMA then Strong bull trend can be witnessed. Support is placed at 26255.
Weekly
View
Despite of sharp correction it has taken support at its previous breakout level.. Any
attempt to move above 30310 can witness upside momentum. Support stands at 25890
and resistance at 33700.
101
TEXTILE
RAYMOND Views SELL
Daily
View
Sell on rise should be approached around 676(20DMA) mark. Support stands at593
levels and resistance at 687.
Weekly
View
Spinning top indicates sideways movement. Support stands at 593 mark and resistance
at 687.
102
MISCLLANEOUS
JUST DIAL Views NEUTRAL
Daily
View
Choppy move is being observed, hence wait for clarity. Resistance stands at
509(200DMA) levels and support at 409.
Weekly
View
Consolidating within a wide range of 639 & 327 levels. Decisive move above 638 can be
traded with bullish bias else be cautious. Support stands at 358 levels.
103
RETAILING
BATA INDIA Views BUY
Daily
View
Pullback from previous breakout level indicates positive bias. Support stands at 884 and
resistant at 986 levels.
Weekly
View
Piercing line candlestick pattern around 20DMA(915) indicates end of corrective rally and
likely to witness upward move. Support stands at 814(50DMA) levels and resistance at
975.
104
FINANCE
IDFC Views SELL
Daily
View
Sell on rise should be approached till it trades below 46. Support stands at 35 levels.
Weekl
y View
Trading in bear trend and sell on rise should be approached. Resistance stands 46(20DMA)
and support at 34 levels.
105
FINANCE
IFCI Views SELL
Daily
View
Breakdown from triple bottom indicates weakness and sell on rise should be approached
until violates 15.10. Resistance stands at 14.50 and support stands at 10.
Weekl
y View
overall trend is weak and sell on rise should be approached. Support stands at 10 levels
and resistance at 15.45(20DMA)
106
FINANCE
L&TFH Views SELL
Daily
View
If it breaks below 114 then fresh weakness can be seen. Support is placed at 111 levels
and resistance at 129 levels.
Weekly
View
Trading with corrective mood and likely to face supply at higher level around 136.
Support stands at 111(200DMA).
107
FINANCE
M&MFIN Views SELL
Daily
View
Trading below all its important moving average and facing resistance at its moving
average 393(20DMA). Sell on rise should be followed till it crosses above 419(on closing
basis). Support stands at 342 levels.
Weekly
View
If breaks below 339(200DMA) then weakness can be seen. Resistance stands at

402(100DMA) levels.
108
FINANCE
PFC Views SELL
Daily
View
Weakness likely to persist in short term. Immediate hurdle is placed at 89(200DMA).

Support stands at 67 level.
Weekly
View
Likely to witness selling pressure until crosses 94. Support stands at 67 level.
109
FINANCE
RELIANCE CAPITAL Views SELL
Daily
View
Bear flag breakdown indicates fresh weakness. Support stands at 222 levels and
resistance at 278(20DMA).
Weekly
View
Hammer candlestick pattern observed but failed to sustain above its high indicates
weakness. Resistance stands at 275 and support stands at 220.
110
FINANCE
REC LTD Views SELL
Daily
View
Overall trend is weak and sell on rise should be approached around 50DMA(108) levels..
Support stands at 94 mark.
Weekl
y View
Hovering around 20DMA (107) and any kind of pullback rally can be utilized to go for short
at higher level. Support stands at 89 levels and resistance at 123.
111
FINANCE
SHRIRAM TRANSPORT FIN Views SELL
Daily
View
It is trading with a negative bias and short should be created around 1085 level until it
crosses 1145. Support stands at 902.
Weekly
View
Support of 1092(200DMA) has taken out and long traders should be cautious. Resistance
stands at 1179(100DMA) and support stands at 902.
112
FINANCE
BAJAJ FINSRV Views BUY
Daily
View
Above 5757 likely to resume bull trend. Resistance stands at 6316(100DMA) levels and
support at 5222.
Weekly
View
Tweezer bottom candlestick pattern indicates bullish bias. Support stands at

4960(100DMA) and resistance at 6354(20DMA).
113
FINANCE
MFSL Views SELL
Daily
View
Hovering below the breakdown level and if it moves below 350 then bear trend likely to
continue. Resistance stands at 403 levels and support at 350.
Weekly
View
Break below triple bottom suggests, corrective rally likely to take the price further down.
Support stands at 345 levels.
114
FINANCE
SREI INFRA Views SELL
Daily
View
Horizontal trend line breakdown indicates fresh weakness in short term. Support stands at
23 levels and resistance at 33.
Weekly
View
Pullback can be seen as it is in oversold zone but overall trend is weak. Support stands at
23 and resistance stands at 38 levels.
115
FINANCE
UJJIVAN FIN Views SELL
Daily
View
Overall trend is weak but pullback rally cannot be ruled out as it is in oversold zone.
Support stands at 222 level and resistance at 257(20DMA).
Weekly
View
Breakdown from triangle pattern indicates weakness but pullback rally cannot be ruled
out as it is in oversold zone. Support stands at 220 levels and resistance at 285.
116
FINANCE
BAJAJ FINANCE Views BUY IN DIPS
Daily 100
50
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October November December 2018 February March April May June July August September October November
Stock took hurdle around 34 EMA of 2375 levels and has formed a bearish candle
indicating weakness. Immediate support is seen around 1930 levels. Till it sustains above
these levels, bounce-back from lower levels cannot be ruled out.
Weekly
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Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Lately, Stock has formed Bullish candle around rising trend line indicating a pause in
down-fall. Strong support is seen around 1950 levels. Till it sustains above these levels,
any dip towards 2050-2070 is a good level to buy. Resistance at 2620 i.e. 61.8%
Retracement levels of recent downfall.
117
FINANCE
Bharat Fin Inclusion Views Sell Below
Daily 20
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November December 2018 February March April May June July August September October November
In the daily charts, Stock has given breakdown from bearish Flag pattern and is likely to
retest 950 levels in near term. Decisive break down below this levels would add
momentum on downside.
Weekly
View
50
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Stock rebounded from previous breakout levels i.e. 950 zone. Lately, Hammer formation
followed by a Bull candle at support levels suggesting possible change in trend. Till it
holds 950 marks, bounce-back from lower levels cannot be ruled out.
118
FINANCE
HDFC Ltd Views Neutral
Daily MACD (-41.7443)
View 0
-50
Relative Strength Index (36.8190) 70
60
50
40
30
*HDFC (1,725.00, 1,760.95, 1,651.70, 1,660.25, -77.5500)

2050
2000
1950
1900
1850
1800
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1700
1650
50000
x100
12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
February March April May June July August September October November
HDFC has given breakdown from Pennant pattern and is likely to fall further lower till
1590 marks.
Weekly
View MACD (-28.7060)
50
Relative Strength Index (32.1233)

70
60
50
40
*HDFC (1,755.00, 1,775.00, 1,651.70, 1,660.25, -70.0500) 2100

2000
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J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Stock is trading around its Inflection point i.e. rising trend line & previous swing low. Till
it holds above 1640 levels, bounce back from lower levels cannot be ruled out.
119
FINANCE
CAPITAL FIRST LIMITED Views Avoid
Daily 20
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700
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10000
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23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
May June July August September October November
CAPF has taken resistance around 13EMA and formed black candle suggesting weakness.
It has to cross 498 levels to gain upside momentum.
Weekly
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A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Lately, Price has formed “Hammer” candlestick around up-ward sloping trend line
signifying a pause in down-move. CAPF may rebound till 535 marks which is a strong
hurdle zone.
120
FINANCE
CHOLAMANDALAM IN & FIN CO Views Sell on Rise
Daily 50
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23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
Stock is trading around its 34EMA of 1255 levels. It has to cross these levels to gain
upside momentum. Support stands around 1105 levels. Sustenance trade below 1105
might take price further lower till 1030 zones.
Weekly
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50
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2014 M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A M J J A S O N D 2018 A M J J A S O N D 2019
Stock has rebounded from Internal trend line. Overall trend is down. Any pullback is
towards 1270 levels is a good levels to short.
121
FINANCE
EQUITAS HOLDINGS LIMITED Views Sell on Rise
Daily 5
View 0
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70
60
50
40
30
175
170
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140
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130
125
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September October November December 2018 February March April May June July August September October November
Equitas took hurdle at breakdown levels of 135 which is likely to act as stiff hurdle zone.
Weekly
View 5
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2016 Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Price has bounced till previous breakdown levels i.e. 135 marks. Sustenance trade below
these levels may put pressure on price at higher levels.
122
FINANCE
MANAPPURAM FINANCE LTD Views Sell on Rise
Daily
View 0
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12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
April May June July August September October November
Stock took resistance at 13 EMA of 74 levels. On hourly time frame, probable formation
of Inverted Head & Shoulder pattern indicating a pause in recent downfall. Neck-line
stands around 76 marks. It has to close above 76 to resume its up-move
Weekly 10
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2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Stock has formed ‘Spinning Top’ followed by Hammer candlestick pattern around weekly
200 moving average indicating indecisiveness among bulls and bears. It may witness a
pullback till 88-90 zones till it sustains above 66.
123
FINANCE
MUTHOOT FINANCE LIMITED Views Neutral
Daily 10
View 5
0
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August September October November December 2018 February March April May June July August September November
Stock has entered into a consolidation phase and is likely to trade within a broader range
of 360-470 in near term.
Weekly
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Likely to trade range-bound within 370-470 levels in near term.
124
Finance
ICICI Pru Life Views Sell
Daily
View
Trend continuation pennant break below 320 should target 285 at least.
Weekl
y View
Channel breakdown at 360 should target 290 or lower. Sell on rise towards falling trend-line
resistance at 340.
125
Automobile & Ancillaries
Amara Raja Batteries Views Range bound
Daily 20
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August September October November December 2018 February March April May June July August September November
Price is trading within a broader range of 710-900 zones. Closing below 710 may drag
AMARAJA Batteries further lower till 675 marks.
Weekly 40
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Dec 2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Consolidating within range of 185 points. 700 is the trend reversal point. Support stands
at 710 and 665 levels
126
Exide Industries Views Sell on Rise
Daily 5
View
0
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310
100.0%
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290
61.8% 280
50.0%
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38.2%
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23.6%
250
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5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
March April May June July August September October November
Exide is consolidating around 38.2% Retracement levels of recent down-fall. Next hurdle
is seen around 273 levels.
Weekly
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Lately, Exide has formed Piercing line candlestick pattern on weekly chart suggesting a
trend reversal. Below 240, price may fall till 228 marks i.e. rising trend-line.
127
Apollo Tyres Views Neutral
Daily 5
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1 8 15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
2018 February March April May June July August September October November
Bearish candle around 34EMA signifying weakness. Till it holds below 227, Apollo Tyre
may fall till 194 i.e. recent swing low.
Weekly 20
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x1000
M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A MJ J A S O N D 2018 A M J J A S O N D 2019
On last week, Price formed Bullish Engulfing pattern which is bullish in nature. It may
witness some up-move till 240 marks which may work as stiff hurdle zone.
128
Bharat Forge Views Sell on Rise
Daily 20
View 10
0
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-20
70
60
50
40
30
800
750
700
650
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550
40000
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x100
Price is trading below previous pivot low. Positive divergence in RSI suggesting a
pullback from lower levels. Breakdown below 552 would resume down-fall.
Weekly 40
30
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40
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July August September October November 2018 February March April May June July August September November 2019
Long Legged Doji at weekly 200 DMA signifying indecisiveness at lower levels. Support is
seen around 540 levels and hurdle at 630.
129
Castrol India Views Avoid
Daily 5
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50
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215
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195
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185
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165
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155
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145
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x100
Price is likely to consolidate within a narrow range of 134-150 levels in near term.
Weekly 20
View 15
10
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80
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280
270
260
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50000
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M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Stock is trading in strong downtrend on weekly time frame. Any pullback till 151-152 is a good selling
zone.
130
Ceat Views NEUTRAL
Daily
View 50
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Dec 2017 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Bearish candle around 13EMA indicating weakness. It may come down till 1030 levels which might
work as strong support levels.
Weekly 150
View 100
50
0
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M A M J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
On weekly chart, formation of small bull candle followed by Doji around up-ward sloping trend-line
is signifying lack of momentum on downside. Breakdown below 1030 may add fresh momentum on
downside.
131
Cummins India Views Buy on Dips
Daily 20
View 10
0
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50
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x100
1 8 15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
Cummins is trading within a broader range of 600-810 levels. Breakdown below 645 may
drag prices lower till 600 marks which is a strong support zones.
Weekl
y View 50
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750
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Trading within a broader range of 600-800 levels. Now it has to close on either side to
decide the trend.
132
MRF Views Sell on Rise
Daily 2000
1000
View 0
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-3000
50
80000
75000
70000
65000
60000
30000
10000
15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
Support is seen around 60500 levels. Breakdown below these levels may drag MRF
further lower till 58500 zones.
Weekly 5000
4000
View 3000
2000
1000
0
-1000
-2000
-3000
50
85000
0.0%
80000
75000
23.6% 70000
65000
38.2%
60000
50.0% 55000
61.8% 50000
45000
40000
35000
100.0% 30000
25000
20000
15000
10000
x10
On the weekly chart, MRF trading around Make or Break level. Breakdown below 60800
may take prices lower till 58500 marks.
133
BALKRISHNA IND. LTD Views Sell on Rise
Daily 50
View 0
-50
70
60
50
40
30
1450
1400
1350
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1250
1200
1150
1100
1050
1000
950
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10000
x100
2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29
July August September October November
Stock is consolidating within a Pennant formation. Breakdown below 1000 zones, price
may resume its down move till 860 marks.
Weekly 100
View 50
80
70
60
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1500
1400
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x1000
Nov Dec 2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Support stands around 970 marks. Decisive break below 970 may add fresh momentum
on downside.
134
Cement
Dalmia Bharat Ltd Views Sell on Rise
Daily
View
Price took support around lower band of Falling Channel. It might revert back to its short
term mean of 20EMA i.e. 2230 levels which is likely to act as stiff hurdle.
Wee
kly
View
Spinning Top pattern around lower band of Falling Channel signifying indecisiveness.
Decisive move above 2200 may add momentum on up-side.
135
Cement
ACC Views Buy Above
Daily
View
Trading within the Falling Channel. Sustenance trade below 1405 may drag price further
lower till 1320 marks.
Weekly
View
ACC is trading within a range of 1400-1560 levels on weekly chart. Now it has to break
1400 marks to gain downside momentum.
136
Cement
Ambuja Cements Views Neutral
Daily
View
Stock is capped within the Channel. It may come down till 198 marks i.e. lower band of the
falling channel.
Wee
kly
View
On weekly chart, Price is trading within the channel and is likely to trade within the narrow
range of 200-230 in near term.
137
Cement
India Cements Views Sell on Rise
Daily
View
Range-bound within 90-130 zones. Closing below 90 would add momentum on downside
till 50 marks i.e. Target of range.
Weekly
View
Strong support stands around 90 levels. Closing below 90 marks, India Cement may
resume its down-move.
138
Cement
Ultratech Cement Views NEUTRAL
Daily
View
Stock has formed Double Bottom pattern around 3560 which is likely to act as demand
zone. Breakdown below 3560 may drag ULTRACEMCO further lower.
Weekly
View
On weekly chart, ULTRACEMCO is trading at Make or Break levels. Decisive break below
3560 may drag prices further lower till 3280 marks.
139
Cement
RAMCO CEMENTS LIMITED Views Sell Below
Daily
View
Fresh breakdown from Descending Triangle indicating resumption of previous down-fall

till 500 zones i.e. Target of the pattern.
Weekly
View
On weekly chart, price is trading around 50% Retracement levels stands around 560
levels which is a good support levels.
140
Cement
SHREE CEMENT LIMITED Views NEUTRAL
Daily
View
Price has given breakdown below 14600 indicating further momentum on downside to
continue in near term.
Weekly
View
Shree Cement is trading below 200 weekly simple moving average of 14755. It may come
down till 13100 marks which is likely to act as immediate support zone.
141
Mining & Metals
Coal India Views Sell Below
Daily
View
Trading within a broader range of 260-300 levels. Breakdown below 260 would add
Weekly
View
Coal India is trading within a Symmetric Triangle. Breakdown below 260 would add
momentum on downside which may take prices further lower till 235 zones.
142
Mining & Metals
NMDC Views NEUTRAL
Daily
View
Probable formation of Head & Shoulder on daily chart. Neckline stands around 105.
Breakdown below neckline would confirm the trend reversal.
Weekly
View
NMDC is trading around its key support zone. Weekly closing below 105 may drag prices
lower till 100 zones.
143
Mining & Metals
Hindalco Industries Views RANGE-BOUND
Daily
View
On the daily chart, Hindalco rebounded from 61.8% retracement levels and is likely to
face strong resistance at 245 zone. Minor support stands around 215 levels.
Weekly
View
On weekly chart, Hindalco is capped within a Symmetric Triangle pattern and is likely to
trade within the broader range of 200-250 levels in coming days.
144
Mining & Metals
Hindustan Zinc Views BUY Above
Daily
View
Trading within the broader range of 260-310 levels. It may rise till 310 levels in near
term to retest upper band of consolidation phase.
Weekly
View
Two consecutive Long legged candles around lower band of rectangle pattern indicating
a bounce-back till 310 zone in near term.
145
Mining & Metals
Vedanta Views BUY
Daily
View
Multiple bullish candles around lower band of consolidation phase is signifying possible
change in short term trend. Strong support is seen around 200 marks.
Weekly
View
On weekly chart, VEDL has formed multiple bottom around 200 marks. Breakdown below
200 would add fresh momentum on downside.
146
Mining & Metals
NATIONAL ALUMINIUM Views Sell on Rise
Daily
View
Consolidating around multiple short term moving averages. The levels 70 to act as stiff
hurdle zone. It has to cross 70 marks to move further higher. Supports stands around
59 and 55 levels.
Weekly
View
Formation of Descending Triangle indicating weakness to continue in near term.

Support is seen around 55 marks. Below it, National Aluminium might fall further lower.
147
Iron & Steel
Jindal Steel & Power Views Sell on Rise
Daily
View
Stock has taken support at lower band of Falling Channel. Doji pattern around support
levels indicating indecisiveness.
Weekly
View
Trading around lower trend-line indicating a pause in down-move. It has to cross 184
levels to gain upside momentum.
148
Iron & Steel
JSW Steel Views BUY
Daily
View
Breakout above 382 levels would add fuel on upside till 420 zones. Strong support
stands around 348.
Weekly
View
Tweezer Bottom at 354 levels. Decisive break below this levels may drag price further
lower till 340 levels.
149
Iron & Steel
SAIL Views Sell on Rise
Daily View
Post breakdown from a Head & Shoulder pattern, Price is likely to rise till 72-73 zones
which is a good level to short the stock.
Weekly
View
Price has taken support around weekly 200 simple moving averages i.e. around 62
levels. Till it sustains below 70 marks, SAIL is likely to trade with negative bias.
150
Iron & Steel
Tata Steel Views Sell Below
Daily
View
Tata Steel took hurdle around short term moving averages. Minor supports stands
around 545 levels. Below this price may fall further.
Weekly
View
Bearish Engulfing candlestick pattern with negative crossover in moving averages

indicating weakness on weekly time frame. Furthermore, negative crossover in MACD is
a bearish set-up.
151
Logistics
Adani Ports Views AVOID
5
0
View -5
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60
50
40
30
20
*Adani Ports & Spcl Eco Zone (313.950, 320.250, 305.350, 315.350, +1.45001) 420
100.0% 410
400
390
380
370
61.8%
360
50.0% 350
38.2% 340
330
23.6% 320
310
300
0.0%
290
10000
5000
x1000
19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Bearish candle around 38.2% Retracement levels signifying bears are more powerful at
higher levels. It may consolidate within a range of 290-340 levels in near term.
Weekly MACD (-15.4644) 20
View 10
0
-10
-20

70
60
50
40
30
*Adani Ports & Spcl Eco Zone (326.000, 339.300, 305.350, 315.350, -7.79999)
450
400
350
300
250
200
150
50000
x1000
Sep Nov Dec 2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Nov Dec 2019
Lately, Formation of Piercing line is indicating a temporary pause in down-move. Price

may bounce till 351 marks which is a good level to short.
152
Logistics
Container Corp Views Range Bound
10
5
View 0
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60
50
40
30
Container Corp of (I) (598.000, 607.950, 587.900, 592.100, -7.25000) 720

710
700
690
680
670
660
650
640
630
620
610
600
590
580
570
560
50000
x100
19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Price is trading within a Symmetric Triangle. Breakout or Breakdown on either side would
dictate the trend in near term. Till it trades within a pattern, one should avoid taking
trade on this stock.
20
10
View 0
-10
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-30
-40
60
50
40
30
Container Corp of (I) (610.000, 614.200, 587.900, 592.100, -15.2000)
750
700
650
600
550
500
450
400
350
10000
5000
x1000
O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Price has given breakdown from a Symmetric Triangle on weekly chart indicating
weakness to continue in near term. Below 587, Adani Ports is likely to fall further lower
from current levels.
153
Power
CESC Views Sell on Rise
30
20
View
10
0
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-20
-30

70
60
50
40
30
CESC (894.950, 914.600, 889.000, 907.650, +13.1500) 1200
1150
1100
1050
1000
950
900
850
800
30000
20000
10000
x100
December 2018 February March April May June July August September October November
Completion of Bullish AB=CD pattern indicating temporary reversal in trend.

Consolidating around major moving averages. It has to trade above 948 marks to gain
further upside momentum.
Weekly MACD (-24.4367)

50
View
0

70
60
50
40
30
CESC (946.000, 948.350, 884.350, 907.650, +6.70001)
1200
1150
1100
1050
1000
950
900
850
800
750
700
650
600
550
500
450
400
350
10000
x1000
A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
On weekly chart, CESC has faced hurdle around previous trend-line breakdown levels.
Till it sustains below 930 marks on closing basis, price may face selling pressure at higher
levels.
154
Power
NTPC Views Sell Below
Daily MACD (-0.96725) 3
2
View
1
0
-1
-2
-3
60
50
40
30
*NTPC (162.600, 165.250, 160.300, 161.450, -1.45000)
180
175
170
165
160
155
150
20000
10000
x1000
12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
NTPC is trading within a Pennant. Breakdown below 160 would add fresh momentum on
downside.
Weekly MACD (0.04120)

5
View
0
-5

60
50
40
30
*NTPC (164.250, 165.700, 160.300, 161.450, -2.75000)
190
185
180
175
170
165
160
155
150
145
140
135
130
125
120
115
110
105
10000
5000
x10000
A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Price is consolidating around upper band of Falling Channel indicating trend reversals. It
may fall till 154 marks in near term i.e. 200 weekly simple moving average.
155
Power
Power Grid Corp Views Buy Above
View 0
-5

60
50
40
30
*Power Grid Corp of (I) (189.000, 191.450, 187.050, 189.150, +0.04999)

215
210
205
200
195
190
185
180
175
10000
x10000
23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Stock is consolidating below rising trend-line. Below 184 may take prices further lower
from here.
View 5
-5
70
60
50
40
30
*Power Grid Corp of (I) (188.450, 191.450, 185.100, 189.150, +0.70000) 230
220
210
200
190
180
170
160
150
140
130
120
10000
x10000
Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Stock is consolidating below rising trend-line. Below 184 may take prices further lower
from here.
156
Power
PTC India Views AVOID
Daily MACD (-0.91043) 2
1
View 0
-1
-2
-3

60
50
40
30
Ptc (I) (74.0000, 76.0000, 72.3500, 75.5000, +0.10000)

110
105
100
95
90
85
80
75
70
65
10000
x1000
5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Took hurdle around falling trend-line. It has to cross 80 levels to move further higher.

5
View
0
-5

70
60
50
40
30
Ptc (I) (77.0000, 77.8500, 72.3500, 75.5000, +0.75000) 135
130
125
120
115
110
105
100
95
90
85
80
75
70
65
60
55
20000
x1000
Strong Bull candle around support zone i.e. 65 levels is indicating a trend reversal. It may
witness a pullback till 84 levels in near term.
157
Power
Reliance Infrastructure Views Sell on rise
Daily MACD (-19.1701) 30
20
View 10
0
-10
-20
-30

70
60
50
40
30
20
Reliance Infra (310.200, 343.750, 310.200, 332.750, +16.2000) 600
550
500
450
400
350
300
10000
x1000
Price may revert back to its breakdown levels i.e. 370 which is a good zone to short.
View 50

80
70
60
50
40
30
Reliance Infra (331.900, 343.750, 310.200, 332.750, +3.54999) 850
800
750
700
650
600
550
500
450
400
350
300
250
20000
x1000
2014 M A M J J A S O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 A MJ J A S O N D 2018 A M J J A S O N D 2019
Double Bottom at 275 levels indicating a short term trend reversals. Stock may rally till
360-365 levels in near term which is a good levels to short.
158
Power
Tata Power Company Views NEUTRAL
Daily MACD (-0.50805) 3
2
View 1
0
-1
-2

70
60
50
40
30
20
*Tata Pwr Co (72.0000, 72.4000, 69.3000, 70.1500, -2.40000)
100
95
90
85
80
75
70
65
60
20000
x1000
Price took hurdle around 76-77 levels i.e. Falling trend-line. The next resistance stands
around 80 marks i.e. 200 EMA.
3
2
View 1
0
-1
-2
-3
-4
-5
60
50
40
30
*Tata Pwr Co (69.9500, 74.6000, 68.8000, 70.1500, +1.30000) 105
100
95
90
85
80
75
70
65
60
55
50000
x1000
J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Price took resistance at short term trend-line. Till it sustains below 77, profit booking at
higher levels cannot be ruled out.
159
Power
Torrent Power Views BUY in Dips
Daily MACD (-1.15690) 15
10
View 5
0
-5
-10
70
60
50
40
30
Tornt Pwr (230.000, 242.950, 228.250, 235.450, +1.45000)

310
300
290
280
270
260
250
240
230
220
210
200
190
September October November December 2018 February March April May June July August September October November
Stock is trading around lower band of trading range i.e. 275-200 levels. Till it sustains
above 200 marks, price may trade within these levels.

15
View 10
5
0
-5
-10
70
60
50
40
Tornt Pwr (236.000, 249.900, 228.250, 235.450, -0.55000)

310
300
290
280
270
260
250
240
230
220
210
200
190
180
170
160
150
140
130
Price is trading around lower band of consolidation phase. Till it holds 200 marks, bounce-
back from lower levels cannot be ruled out.
160
Infrastructure
IRB Infra Views Sell on Rise
5
0
View -5
-10
-15
45
40
35
30
25
20
IRB Infra Developers (125.000, 127.700, 118.100, 119.650, -5.95000) 270
260
250
240
230
220
210
200
190
180
170
160
150
140
130
120
110
14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
June July August September October November
Fresh breakdown from bearish Flag pattern indicating resumption of previous down-
move till 105 marks.
5
View 0
-5
-10
-15
-20
-25
60
50
40
30
20
IRB Infra Developers (134.100, 134.800, 118.100, 119.650, -13.6500)
290
280
270
260
250
240
230
220
210
200
190
180
170
160
150
140
130
120
110
Stock is trading in extreme oversold zone and may witness a pullback from lower levels.
Support stands around 105 marks.
161
Infrastructure
Larsen & Toubro Views Buy on Dips
Daily MACD (-27.0284) 20
10
View 0
-10
-20

60
55
50
45
40
35
30
25
*L&T (1,200.00, 1,211.90, 1,186.00, 1,206.05, -5.84998)
1400
1350
1300
1250
1200
26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Hammer formation around support levels indicating a possible change in trend. Closing
below 1200 would nullify bullish pattern and may drag LT further lower.
Weekl MACD (-14.0336) 60
50
y View 40
30
20
10
0
-10

75
70
65
60
55
50
45
40
*L&T (1,230.00, 1,238.00, 1,186.00, 1,206.05, -29.2000) 1500

1450
1400
1350
1300
1250
1200
1150
1100
1050
1000
950
900
850
Consolidating around previous breakout levels. Closing below 1200 may take LT lower till
1085 marks i.e. weekly 200 Simple moving averages.
162
Infrastructure
NCC Views Range Bound
0
View
-5

60
55
50
45
40
35
30
25
NCC (67.3500, 69.7000, 65.2500, 66.1000, -2.60000) 140

135
130
125
120
115
110
105
100
95
90
85
80
75
70
65
26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
NCC has formed Double Bottom pattern around 65 levels. Below 65, NCC may gain

10
View 5
-5
-10
70
60
50
40
30
NCC (73.2000, 75.7000, 65.2500, 66.1000, -7.00000) 150

0.0% 140
130
120
23.6%
110
100
38.2%
90
50.0% 80
70
61.8%
60
50
40
30
100.0% 20
10
O N D 2013 A M J J A S O N D 2014 A M J J A S O N D 2015 A M J J A S O N D 2016 A M J J A S O N D 2017 A M J J A S O N D 2018 A M J J A S O N D 2019
Hammer formation around 61.8% Retracement level on weekly chart indicating a short
term reversal in trend. Below 65, NCC may fall further lower.
163
Trading
MCX Views Buy Above
Daily View MACD (-4.72008)
20
10
0
-10
-20
-30
-40
-50

60
50
40
30
20
Multi Commodity Exchange of (I) (779.800, 792.300, 750.400, 774.700, -7.04999) 1050
1000
950
900
850
800
750
700
650
5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
On verge of breakout from a saucer formation above 810 levels. MCX is likely to trade
range-bound within 660-810 levels in near term.
Weekly MACD (-19.8697) 100
View 50
-50

70
60
50
40
30
Multi Commodity Exchange of (I) (744.000, 816.450, 714.500, 774.700, +29.0000) 1450
1400
1350
1300
1250
1200
1150
1100
1050
1000
950
900
850
800
750
700
650
600
On weekly chart, Double bottom formation around 660 levels and multiple bullish
reversal pattern is indicating a trend reversal. Closing above 820 would take MCX
further higher till 980 marks.
164
Trading
Adani Enterprises Views AVOID
Daily MACD (-2.21461) 20
15
10
View 5
0
-5
-10
-15
80
70
60
50
40
30
Adani Ent (158.500, 170.700, 158.500, 168.750, +7.00000)

240
230
220
210
200
190
180
170
160
150
140
130
120
110
100
5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Trading around its major moving average of 50 DMA i.e. around 171 marks which may act
as stiff hurdle zone.
Weekly MACD (0.18227) 20

15
View 10
5
0
-5
-10

80
70
60
50
40
Adani Ent (147.000, 170.700, 143.800, 168.750, +24.9000) 260

250
100.0% 240
230
220
210
200
61.8% 190
50.0% 180
38.2% 170
160
23.6% 150
140
130
0.0% 120
110
100
90
80
70
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Stock is likely to rally till 180 marks i.e. 50% Retracement levels of recent downfall.
165
Telecom
Bharti Airtel Views Sell
Daily MACD (-20.4586) 5
0
View -5
-10
-15
-20

60
50
40
30
20
*Bharti Airtel (287.000, 293.200, 284.600, 287.300, -1.20001) 450

440
430
420
410
400
390
380
370
360
350
340
330
320
310
300
290
280
21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Consolidating at lower levels. Small candles indicating lack of momentum on downside.

Below 282 marks, prices may gain momentum on downside.

30
View 20
10
0
-10
-20

70
60
50
40
30
*Bharti Airtel (290.050, 298.350, 284.050, 287.300, -2.75000)
550
500
450
400
350
300
Two consecutive Spinning Top candlestick pattern indicating indecisiveness at lower

levels. It may witness a temporary pull-back till it holds above 280 marks.
166
Telecom
Tata Communications Views AVOID
Daily 44
View MACD (-13.4005) 0
-5
-10
-15

55
50
45
40
35
30
25
Tata Comm (465.500, 475.000, 442.550, 455.300, -15.5000)
650
600
550
500
450
21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Tweezer Bottom at 445 levels with positive divergence in RSI suggesting a temporary
pause in down-move.
View
0

80
70
60
50
40
30
Tata Comm (485.100, 517.650, 442.550, 455.300, -29.3500)

800
750
700
650
600
550
500
450
400
350
300
250
O N D 2015 M A M J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
On weekly chart, Price has formed Inverted pattern around trend line indicating
indecisiveness among buyers and sellers at current levels. Support at 445 levels.
167
Realty
DLF Views SELL on Rise
Daily
View MACD (-11.0217)
5
-5
-10
60
50
40
30
DLF (142.900, 154.500, 142.000, 153.150, +8.79999)

225
220
215
210
205
200
195
190
185
180
175
170
165
160
155
150
145
140
4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Piercing Line around multiple supports of 142-146 levels indicating a possible change in
trend. Strong hurdle is around 170 levels. Above 170, DLF may bounce till 180.

15
View 10
5
0
-5
-10

70
60
50
40
30
DLF (157.150, 162.400, 142.000, 153.150, -4.50000)
250
200
150
100
Sep Nov Dec 2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Mar Apr May Jun Jul Aug Sep Nov Dec 2019
On weekly time frame, DLF has taken support at up-ward sloping trend line. Till it
sustains above 140 marks, bounce back from lower levels cannot be ruled out. Strong
hurdle is seen around 171-172 levels.
168
Realty
NBCC Views Sell on Rise
Daily
View
Breakdown from Flag pattern indicating weakness to continue in near term. The levels
50 may act as immediate support.
Weekly
View
Inverted Hammer around psychological support of 50 marks indicating a possible change

in trend. It may revert back to its short term mean of 13 weekly exponential moving
average stand around 65.
169
Bank - Private
DCB Bank Views NEUTRAL
5
View 0
-5

70
60
50
40
30
DCB Bank (160.500, 164.550, 155.100, 157.950, -2.05000)

205
200
195
190
185
180
175
170
165
160
155
150
145
140
26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Has taken hurdle around 200 DMA of 174-175 levels which is likely to act as immediate
hurdle zone.

15
View 10
5
0
-5
-10

80
70
60
50
40
30
DCB Bank (163.050, 173.500, 155.100, 157.950, -4.30000) 220

210
200
190
180
170
160
150
140
130
120
110
100
90
80
70
60
Price took hurdle around upper band of Falling Channel and is likely to come down till
140 levels i.e. lower band.
170
Bank - Private
HDFC Bank Views BUY on dips
30
20
View 10
0
-10
-20
-30

70
60
50
40
30
*HDFC Bank (1,958.90, 1,980.85, 1,958.00, 1,967.75, -6.84998) 2250
2200
2150
2100
2050
2000
1950
1900
1850
1800
1750
1700
15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
HDFC Bank is trading within a Symmetric Triangle. It has to cross 2035 levels to gain
upside momentum. Support stands around 1900 marks.
View
50
0
80
70
60
50
40
*HDFC Bank (1,990.00, 2,018.20, 1,958.00, 1,967.75, -14.1000) 2300
2200
2100
2000
1900
1800
1700
1600
1500
1400
1300
1200
1100
1000
July August September October November 2018 February March April May June July August September November December2019
On weekly time frame, Stock is trading around its support of 1900 levels i.e. upward
sloping trend line. If it sustains above this, bounce-back from lower levels cannot be
ruled out. Resistance stands around 2020 marks.
171
Bank - Private
IDFC Bank Views AVOID
Daily MACD (-1.80690) 2
1
View 0
-1
-2

70
60
50
40
30
20
IDFC Bank (34.1500, 35.6000, 34.1500, 35.3500, +0.25000)
55
50
45
40
35
12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Taken support near previous pivot low signifying loss of momentum on downside. Till it
sustains above 32, price may witness a pullback.

5
View
0

70
60
50
40
30
IDFC Bank (36.9000, 37.1000, 34.1500, 35.3500, -1.15000) 85
80
75
70
65
60
55
50
45
40
35
30
Hammer formation at lower trend-line indicating a possible change in trend. Support is

seen around 32 levels.
172
Bank - Private
IndusInd Bank Views BUY on dips
View 0
-50

70
60
50
40
30
20
*IndusInd Bank (1,590.00, 1,613.15, 1,570.00, 1,576.70, -27.2001)
2050
2000
1950
1900
1850
1800
1750
1700
1650
1600
1550
12 19 26 2 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Has given breakdown from Flag pattern indicating resumption of previous down-move.
Support stands at 1550 levels.
View 50
-50
70
60
50
40
30
*IndusInd Bank (1,667.70, 1,695.95, 1,570.00, 1,576.70, -76.0000) 2100

2000
1900
1800
1700
1600
1500
1400
1300
1200
1100
1000
900
800
700
600
500
On weekly time frame, Inflection a point stands around 1550 zones. Weekly closing below
this may resume its down-move.
173
Bank - Private
Kotak Mahindra Bank Views Buy on Dips
View 0

70
60
50
40
30
*Kotak Mahindra Bank (1,165.00, 1,206.00, 1,160.60, 1,198.95, +22.9500)

100.0%
1400
1350
1300
61.8%
1250
50.0%
1200
38.2%
1150
23.6% 1100
1050
0.0% 1000
950
8 15 22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Kotak Bank is trading around strong hurdle of 1215 levels i.e. 50% retracement levels of
recent downfall and 50 DMA. It has to cross these levels decisively to move further
higher.
View 50

70
60
50
40
30
*Kotak Mahindra Bank (1,170.00, 1,206.00, 1,157.50, 1,198.95, +31.7999)
1400
1300
1200
1100
1000
900
800
700
600
500
400
On weekly chart, price rebounded from previous swing low. Now it may find hurdle
around 1210 levels.
174
Bank - Private
Karnataka Bank Views Sell on Rise
Daily
View MACD (-3.57888) 2
1
0
-1
-2
-3
-4
-5

60
50
40
30
Karnataka Bank (97.3000, 98.9500, 96.7000, 97.6500, -0.40000) 155

150
145
140
135
130
125
120
115
110
105
100
95
90
26 2 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Has given breakdown from consolidation phase and is likely to fall further from here till
81-84 zones.

10
View 5
-5
-10
70
60
50
40
30
Karnataka Bank (98.8000, 101.500, 96.4000, 97.6500, -0.65000)

180
170
160
150
140
130
120
110
100
90
80
Trading below all its major moving averages on weekly time frame indicating sell-off to
continue in near term. Support is seen around 81 marks.
175
Bank - Private
Yes Bank Views Cautious
Daily MACD (-18.7516) 10
0
View -10
-20
-30
-40
70
60
50
40
30
20
*Yes Bank (225.000, 230.550, 213.000, 217.900, -14.0000)

400
350
300
250
200
150
22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Has given breakdown from short term trend-line. Resistance at 265 levels.
20
View 10
0
-10
-20
-30
80
70
60
50
40
30
20
*Yes Bank (248.950, 254.850, 213.000, 217.900, -28.5500)
400
350
300
250
200
150
100
J J A S O N D 2016 M A M J J A S O N D 2017 M A M J J A S O N D 2018 M A M J J A S O N D 2019
Took hurdle around weekly 200 Simple moving average stands around 248 levels. It has
to close above 248 to gain upside momentum.
176
Bank - Private
RBL BANK LIMITED Views Buy in Dips
Daily MACD (-13.4180) 15
10
View 5
0
-5
-10
-15
-20
-25
70
60
50
40
30
RBL Bank (530.000, 539.800, 500.500, 506.100, -31.8000)

650
600
550
500
450
22 29 5 12 19 26 5 12 19 26 9 16 23 30 7 14 21 28 4 11 18 25 2 9 16 23 30 6 13 20 27 3 10 17 24 1 8 15 22 29 5
Price took hurdle around 34 EMA of 548 zone. Strong support stands around 480 levels.

50
View 40
30
20
10
0
-10

80
70
60
50
40
RBL Bank (527.800, 551.000, 500.500, 506.100, -20.7500)

650
600
550
500
450
400
350
300
250
2016 Oct Nov Dec 2017 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019
Trading at Make or Break levels. Till it holds above 480 zone may witness a pullback from
lower levels.
177
FINANCE
AXIS BANK Views BUY
Daily
View
Hovering around previous breakout level and if it manages to cross 571(100DMA) then
bull trend likely to resume. Support stands at 556(200DMA) level and resistance at 586.
Weekly
View
Likely to trade sideways and if it manages to cross 617 then strong bull trend likely to
resume. Support stands at 520 levels and resistance at 617.
178
FINANCE
ICICI BANK Views BUY
Daily
View
Sideways movement likely to witness and any attempt to move above 323 can take the
price higher. Support stands at 304 level and resistance at 323.
Weekly
View
Above 328 pullback can be witnessed. Support stands at 294 levels and resistance at
346.
179
FINANCE
FEDERAL BANK Views SELL
Daily
View
Facing resistance at its falling trend line around 84 mark. If it traders below 77 then bear
trend likely to resume. Support stands at 73 & 71.
Weekly
View
If it crosses 84 mark decisively then up move cannot be ruled out. Support stands at 69
mark.
180

Weekly View - 22.10.18

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Company Name Industry Page No

United Spirits Breweries & Distilleries 1

Likely bearish Wolfe Wave pattern targeting 17000 in weekly chart.

Trend continuation pennant breakdown at 6700 should target 6250 at least.

Trend continuation pennant break below 95 should target 80 at least.

Channel breakdown at 230-228 should target 180 – 170 zones eventually.

Bear-flag pattern with breakdown below 580 should target 540.

Breakdown from bearish pennant pattern at 90 should target 70 or lower.

Likely completion of 1-2-3 pullback should be confirmed on weakness below 20 WSMA at 98

Bullish pennant breakout above 221 should target 260 or higher.

Bullish pennant breakout above 140 should target 160 or higher.

Pullback after failed breakdown should target 91 – 92 at least.

Channel breakout above 85 should target 100+ levels.

Triangle trading should be short below 36 targeting 32 or lower.

Symmetrical triangle breakdown at 39 should target 30 at least. Bullish only on strength

Bearish pennant pattern breakdown at 75 should target 65 at least.

Trend continuation bear flag breakdown at 210 should target 190.

Bearish flag breakdown below 65 should target 52 at least.

Trend continuation expanding pattern break below 32 should target 28 or lower.

Bear-flag breakdown should target 34 at least.

Rising channel breakdown at 1120 should target 765 at least.

Breakdown from consolidation phase indicates weakness until it crosses 129(200DMA)

Spinning top candlestick pattern indicates indecisiveness. Resistance at 715(50DMA)

Consolidating within a range and MACD indicator is in positive territory. If it trades

Long legged doji candlestick pattern indicates indecisiveness. Support stands at

Hammer candlestick pattern around 50DMA(1491) may lead to pullback towards

Sell on rise should be approached until it crosses 328(200DMA) levels. Resistance

Doji candlestick pattern indicates indecisiveness. Support stands at 868(200DMA) and

Trading below 20DMA(696) indicates weakness in short term. Support stands at

After a corrective rally it is hovering around 100DMA(29705) mark. If it moves above

If breaks below 339(200DMA) then weakness can be seen. Resistance stands at

Weakness likely to persist in short term. Immediate hurdle is placed at 89(200DMA).

Tweezer bottom candlestick pattern indicates bullish bias. Support stands at

*HDFC (1,725.00, 1,760.95, 1,651.70, 1,660.25, -77.5500)

Relative Strength Index (32.1233)

*HDFC (1,755.00, 1,775.00, 1,651.70, 1,660.25, -70.0500) 2100

Likely to trade range-bound within 370-470 levels in near term.

Fresh breakdown from Descending Triangle indicating resumption of previous down-fall

Formation of Descending Triangle indicating weakness to continue in near term.

Bearish Engulfing candlestick pattern with negative crossover in moving averages

Relative Strength Index (39.4289) 70

Weekly MACD (-15.4644) 20

Relative Strength Index (34.4142)

Lately, Formation of Piercing line is indicating a temporary pause in down-move. Price

Relative Strength Index (40.7952) 70

Container Corp of (I) (598.000, 607.950, 587.900, 592.100, -7.25000) 720

Relative Strength Index (50.6990) 80

CESC (894.950, 914.600, 889.000, 907.650, +13.1500) 1200

Completion of Bullish AB=CD pattern indicating temporary reversal in trend.

Weekly MACD (-24.4367)

Relative Strength Index (45.4177) 80

Weekly MACD (0.04120)

Relative Strength Index (46.5292) 70

Relative Strength Index (47.6638) 70

*Power Grid Corp of (I) (189.000, 191.450, 187.050, 189.150, +0.04999)

Weekly MACD (-1.77918) 10

Relative Strength Index (51.9633) 70

Ptc (I) (74.0000, 76.0000, 72.3500, 75.5000, +0.10000)

Weekly MACD (-4.47969)

Relative Strength Index (43.4779)

Relative Strength Index (46.4212)

Weekly MACD (-26.1830)

Relative Strength Index (38.9706)

Relative Strength Index (51.1660) 80