Bharti Airtel Ltd.

The market cap of Bharti Airtel Ltd. is 134945.23 Cr., the EPS(TTM) is 21.09 , the P/E ratio is 16.85 and that of industry is 16.48.

Weekly Chart

The weekly chart of Bharti Airtel Ltd. shows that it is moving in the broad range of 310.12 to 362.77.The MACD has crossed above the signal line above the zero level. The RSI is moving in the upwards direction above the 50% level. The Stochastic is also moving in the upwards direction signaling the buy on the weekly chart basis but the resistance is strong at the level of 362.77, if the stock could break this level and sustain there then only it will go higher. There is strong support at the level of 340.44 giving by the 20 and 100 week moving averages.

Daily Chart

The Daily chart of Bharti Airtel Ltd. shows that the stock is returning back from the upper resistance level of 362.77, The RSI is returning back towards the 70% level and Stochastic is returning back from the 80% level, the overbought region, showing that the stock will further correct to a level of 340.44. 

Conclusion: One can sell this stock for a target of 340.44 with a stop loss of 362.77, the closing on 1 Aprl 2011 is at 355.30.

Bharat Petroleum Corporation Ltd (BPCL)

The market cap of BPCL is 21938.38 Cr., the EPS(TTM) is 36.36 , the P/E ratio is 16.69 and that of industry is 9.58.

Weekly Chart

 

Weekly chart of BPCL shows that it has started to rise after correction.It is trading between the support provided by the 100 week simple moving average at thelevelof 584.25 and resistance at the level of 627.MACD is about to cut signal line in above direction.The RSI is rising, Stochastic %D has crossed the Smoothed %D in above direction near the 20% leve, giving the buy signal. 

Daily Chart

 

 Daily chart of BPCL shows that the stock is correcting in the short term say since the last three days.The stock will  take support at the levels of range 575.84 to 584.25, the support provided by the 20 day and 50 day simple moving averages respectively. The MACD is showing bullish signs while the RSI and Stochastic shows that the stock is overbought as both are above the 70% and 80% levels respectively and are in the downward direction showing correction in short term.After taking support at the levels 575.84 to 584.25,it will regain it's upward move towards 627 levels.

Recommendation: One must buy this stock at a level of 584 after correction and stock is moving in upwards direction for a target of 627 with a stop loss of 3 to 5%.

BHEL

The market cap of BHEL is 103477.19 Cr., the EPS(TTM) is 104.65 , the P/E ratio is 20.20 and that of industry is 21.13.

Weekly Chart

 The weekly chart of BHEL shows that the stock has started to rise after correction. There is resistance at a level of 2155.56, caused by the 20 week simple moving average, then the next level of resistance is at 2297.22 caused by the 100 week simple moving average.The MACD has crossed the signal line above,the RSI is moving towards 50% and stochastic has emerged above the 20%. All this conclude that a buy signal is given by the indicators.


Daily Chart

The daily chart shows that the closing on 1 Aprl 2011 is at 2127.7, the resistance is at 2155.56.The MACD has crossed the signal line above, the RSI is near the 70% level, The stochastic is above the 80% level, the overbought region. All this conclude that the up move will continue after a minor correction or consolidation.

Recommendation: One can buy BHEL above the levels of 2155.56 with a target of 2297.20 with a stop loss of 3 to 5%according to one's risk appetite. 

Axis Bank Ltd.

 The market cap of axis bank is 58385.78 Cr., the EPS(TTM) is 76.32, the P/E ratio is 18.65 and that of industry is 29.16.

Weekly Chart

Weekly chart of Axis Bank Ltd. shows that after correction and conolidation for some weeks the price has started to move up.The support is at a level of 1376.65. The resistance are at a level of 1455.12 and 1569.41. The MACD has crossed above the signal line and MACD histogram is rising. The RSI is rising and above the 50%. The Stochastic is near the 80% level, the overbought region, the stock may correct near the level of 1455.12.

Daily Chart

Daily chart of Axis Bank ltd. shows that it has given a break out from the level of 1376.65.The stock is trading above all the moving averages of 20,50,100 and 200 day. MACD has crossed above the signal line and is above the zero line, the RSI is near the 70% level, Stochastic is above the 80%,the near resistance level is at 1455.12,near this level the stock can correct or consolidate.

Recommendation: One can buy this stock at a level of 1455.12 for a target of 1569.41 with a stop loss of 3 to 5%.

BAJAJ AUTO LTD.

Weekly Chart

 

Weekly Chart of Bajaj Auto Ltd. shows that it is about to enter into up move, there is resistance at the level of 1429.34. The volumes are decreasing but the stock has crossed the resistance caused by 20 day simple moving average. The MACD has crossed above the the signal line, the slope of the histogram is positive.The RSI is near the 50% level.The Stochastic is above the 50% level.All this indicates bullishness in the stock.

Daily Chart

Daily Chart of Bajaj Auto Ltd. shows that there is resistances at a level of 1429.34, once it is crossed then the next resistance for the stock is at 1540.88. The volume in the stock is rising since last few days and the the closing price is also rising every day which shows the returning faith in the stock.The MACD has crossed the signal line above and the slope of histogram is rising. RSI is above the 50% and stochastic %D has crossed above the Smoothed %D near the 20% level giving the buy signal.

Recomendation: One can buy the stock near the level of 1429 for the target of 1540 keeping a stop loss of 3 to 5% according to one's risk appetite.

ACC LIMITED

The ACC Ltd. has resistance at the level of 1021 posed by the 100 day simple moving average and support at 1000 by the 20 and 50 day simple moving average. Both the RSI and slow stochastic are in the overbought region and has started to inch down singling the minor correction or side ways movements for a short term.  

NIFTY

The nifty is moving in the range of 5200 to 5600. It is trading blow all the moving averages of 20,50,100 and 200 simple day moving averages. MACD is trading blow the zero line and MACD has crossed the signal line downward indicating sell signal. RSI(14) has changed it's direction downward. The Stochastic is also in the downward direction towards 50% level. All this shows that the Nifty will move towards 5200 psychological level, once this level is breached the next level will be 4830.