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KSB Pumps

Stock has been trading in a consolidation range of Rs.530 to Rs.780 since  February  2015.  Looking  at  the  price  and  volume  movement, stock  seems  to  be  getting  accumulated  for  the  last  1  month.  The highest monthly close for  the  stock  was registered  in  June 2017 at Rs.766.  In  the  current  month of  October  2017,  the  stock  has   already surpassed  the  resistance  of  Rs.766  and  looking  at  its  strength  it  is most likely that it will register highest monthly close by the end of this  month.

Torrent Power

The primary trend of the stock is  bullish with higher tops and higher bottoms  on  the  weekly  charts.  The  stock  has  recently  broken  out from  bullish  “inverse  head  and  shoulder”  pattern,  indicating continuation  of  primary  uptrend.  Short  term  moving  averages  are trading  above  medium  and  long  term  moving  averages.

Sobha Developers

After  falling  from  a  high  of  Rs.569  (touched  in  June  2014),  Sobha Developers was continuously making lower tops and lower bottoms.The  stock  found  support  around  the  Rs.214  levels  in  November  2016. These levels  also roughly  coincide with a previous intermediate  low , thereby  indicating  that  this  is  a  strong  support.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.