REC forms Triple Top in Point and Figure Chart

Rural Electrification Corporation Limited (REC), India's leading public Infrastructure Finance Company in powehttp://www.blogger.com/img/blank.gifr sector has formed Triple Top in the Point and Figure Chart. REC has reached its all time of high of 413.80 on Oct 12, 2010. Right from there the REC has turned negative and traveled towards south. On Feb 23, 2011 REC reached its 52 weeks low of 215.70. During this period stock went down by 200 points which is close to 50%.More...

RSI buy signal in Mhasis Weekly Chart

Mphasis, India's sixth largest IT company has formed RSI buy signal in the weekly chart. In a month Mphasis went down from its 52 weeks high of 711.40 to 52 weeks low of 373.60 which is more than 50%. The stock has side way correction for more than 3 weeks. Mphasis has rallied to 420 from 395 as part of Nifty's last week rally. More..

Axis Bank with Triple Bottom & Head and Shoulder Bottom in daily chart

Axis Bank, one of India's leading private bank has formed many bullish patterns in daily chart. For more than six months Axis Bank was in downtrend and has formed lower highs and lower lows. During this period Axis Bank went down from its All time of high of 1,608.50 to 1,150.00. More..