Interpreting Charts - 28th Jan 2010

EXIDEIND

• LTP = 109.45
  

1. Candlestick - Shows Indecision
2. EMA - It has broken 65 day EMA and is just above 100 day EMA.
   
3. Trendline - The Trendline was broken yesterday and closed below it. Today, it traded below the upward trendline which was drawn from end of september.
4. Support - It has support at 109 from starting of November.
5. Pivot Point (Monthly) - 109 is S1 level.
6. Volume - Lower than yesterday
7. ADX - +DMI is showing -ve bias, -DMI closed with a slight -ve bias.

In my view, the price should bounce back from this level as it has strong support in the form of 100 EMA and S1 Pivot Level.


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SUZLON

• LTP = 75.05
  

1. Candlesticks - It is a variation of Doji. The trend has been downward . It should bounce back from here. Bullish
   
2. EMA - Bearish
3. Trendline - Bearish
4. Support and Resistance- If it goes downward, support is at 67. Nearest Resistance is 84.
5. Pivot Point (Monthly) - It has bounced back from S2 Pivot Level today. Nearest Resistance is 80, that is S1 level. - Bullish
6. Volume - Lower than yesterday.
7. ADX - +DMI showing -ve bias, -DMI also little -ve bias. + DMI is under -DMI.

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TV-18

• LTP = 75.30
  

1. Candlesticks - Red Candle.
   
2. EMA - Bearish
3. Trendline - Bearish
4. Support and Resistance- If it goes downward, nearest support is at 72.30. Next support is at 70. Resistance at 94
   
5. Pivot Point (Monthly) - Today it faced resistance at S1. Resistance = 77.90, Support = 70.
6. Parabolic SAR - Bearish
   
7. Volume - Higher than yesterday.
8. ADX - +DMI showing -ve bias, -DMI is above ADX and +DMI. Bearish

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NTPC

• LTP = 216.75
  

1. Candlesticks - Yesterday it was a long red candlestick. Today it is a red candlestick with long shadows. The real body is in the middle. Shows indecision.
   
2. EMA - Closed below 100 EMA.
   
3. Trendline - Bearish
4. Support and Resistance- If it goes downward, nearest support is at 210. Next support is at 205. Resistance at 234
   
5. Pivot Point (Monthly) - Today it found support at S1. Resistance = 225, Support = 214.
6. Parabolic SAR - Bearish
   
7. Volume - Higher than yesterday.
8. ADX - +DMI showing -ve bias, -DMI is above ADX and +DMI. Bearish

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