High Risk/Reward Ratio on UNION BANK OF INDIA Stock to go long here. Exposure to Gitanjali Gems NPA has been blown out of proportion in relation to this stock. Time to be greedy when others are fearful. Getting behind this stock at these price levels which havent been since since early 2007 becomes a smart play.
AXISBANK lost 3.5% on NSE with 4 times its average volumes. Its trading below Ichimoku Cloud signalling further weakness in the stock. Sell AXISBANK around 503 with Stop-loss at 311 and Target 1 of 482 and Target 2 of 478
SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
HCC has broken with greater volumes on NSE below Ichimoku Cloud and with bearish indicators setup. SELL HCC at 30.35 with Stop-loss of 31.25 and Target1@29 and Target2 @ 25.80
As per my wave analysis.. I would wait for the prices to go down around 275 levels, and for reversal sign for me to buy this script for UP, as the prices can then go up to 375+ levels. Wait game starts for this script..
ONGC is in downtrend and with higher volumes on NSE. SELL ONGC at 178.50 with Stop-loss of 184.3 and Target of 170.40
MARICO traded in HIGH volumes on NSE today which broke above Ichimoku cloud. Buy MARICO at 312.80 with SL of 310. and Target of 322.5
As per my wave analysis, we could get two possible highs as indicated in the chart.
Sell ULTRACEMCO at 4054 with Stop-loss of 4080 (Stop loss is on closing basis, Please do not exit the stock in intraday volatility), and Target of 3980
1. Trend in both monthly and weekly is on the upside 2. Daily it moved to Side-ways 3. As the stock is strong uptrend in both weekly and Daily, go long once the price reach the buying zone. Stay with trend
MARICO has sold today with slightly larger volumes on NSE signifying a sell in MARICO around 302.10 with Stop-loss of 304.30 and TGT of 298.55
BEML has been a favourite shorting opportunity on NSE in the recent downtrend. This call is for tomorrow. Sell BEML @ 1160 with SL of 1190 and Target of 1070
Board meeting on12th for expansion plan. Business not dependent on US In the making inverse Head and Shoulder pattern on daily charts. Weekly charts : Looking breakout.
NMDC lost 6% on NSE today with twice its average traded volumes. Fresh shorts have also been initiated. SELL NMDC@123.90 SL:125 TGT1:122, TGT2:119.40
Japanese YEN E-MINI Futures a strong buy candidate. Buy only at 0.0094850 as CMP is greater than this price, wait for the prices to come down to the support level. Keep a stop-loss of 0.0092490 and Target 1 at 0.0099290 and Target 2 at 0.016410. Daily and Weekly charts above Ichimoku Kumo signifying a clear BUY signal.
MINDTREE has yet again outperformed with 5.5% gain on NSE with 2.5 times volumes. Stock trading above Ichimoku Kumo with Rising ADX signifying a buy around levels of 836.5 with Stop-Loss of 820 on closing basis and for targets of 920. If trading in CASH segment, then keep the stop-loss at 802 on closing basis. And hold the stock for further up move. Please do...
EURINR trading above Ichimoku Kumo and has just entered the cloud in Monthly charts. Trade BUY EURINR only at 79.15 with Stop-loss of 77.45 and Target1 @ 82, Target 2 @ 85 and Target 3 @ 92. This analysis is on special request (Education preferably) and any trading done on this analysis should be taken after consulting your financial advisor.