DecodingChartsEQ

DecodingChartsEQ

Lupin LTD Lupin has a potential to break above 1700 and can show strength above that. Lupin has a potential to go up to1820 to 1849. Keep Stoploss at about near or below 1613

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NIFTY 50 Nifty has been week for the past few days and now has taken support between the zone of 21830 and 21930 which is s strong support. If Nifty bounce from these levels than it has resistance between levels of 22200 to 22300. If Nifty breaks 21830 levels than it can test further lower targets of 21330 to 21180. If Nifty breaks on upside than it can test...

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Hindustan Unilever HUL can be bought at somewhere between 2300 to 2340. HUL has made a decent support between 2200 and 2240. The near-term targets in HUL can be put at 2520 to 2580, if it reaches these levels and sustains there can also see the targets of 2640 and 2700

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Bank Nifty Bank Nifty has a support around 47920 to 48220, it bank nifty hold this support can reach up to 48980 to 49220 which is also a resistance level. Below 47920 it can reach targets of 47020 Above 49220 can reach the targets of 49950

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Balkrishna Inds Balkrishna Ind. can be bought above the levels of 2481 with a stop loss of 2380 and a target of 2716 and 2770. this stock is at its resistance of 2480 to 2500 if it crosses and sustains it will see targets of 2640 and 2700 A stoploss can be placed under 2380

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Nifty 50 Nifty has a Resistance zone of 22430 to 22520. Above these levels of 22520 it can test levels of 22630 and 22780. Nifty has a support of 22220 to 22280, failing to sustain these levels it can further falls to levels of 21980 to 21920

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Bank Nifty Showing support around 48650 levels, if in few trading sessions if it comes back to 48650 and sustain this level, we will see an up move up to 49200 and 49500. If it breaks its support of 48650 levels than we can see levels of 48300 and 48100. If Bank nifty starts trading above 49200 or gaps up 49200 than we can see levels of 49500 and further target of49900

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Nifty Nifty has been trading between 22350 and 22550 levels for past trading sessions. Nifty has a support around 22350 t0 22380 and a Resistance between 22550-22580, these are near term resistance and support. Below this support levels of 22150-22180 can be tested and above this resistance it can again go up to 22630, and 22750 levels again.

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Godrej Consumer Products This stock has come out of a channel can be bought if it opens above 1265 with a Stop-loss of 1200, and can reach the Target of 1305, 1360, 1395.

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Bank Nifty Bank Nifty has a support at 48620 to 48650, it it breaks it can see levels of 48023-48104, and has a strong resistance at 48930.

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NMDC This stock is showing strength can be bought at current levels of 267 and a stoploss should be placed below 257 with a target of 277,287.

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BHEL This stock has been showing strength past few days and if it sustains levels between 302 and 306 than it can see levels of 325 and 358 on the upside. Can place stoploss at 285 and enter it for further upside.

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PENINSULA LAND LTD. Buy cmp 58.5 Stoploss 49 Target 68,75 This stock has made a bottom at 48 and is likely to test its previous high around 70 levels Can be bought with tight Stoploss

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PIRAMAL PHARMA BUY Above 152.55 Stoploss 142 Target 172,180 This stock has come out of resistance @147.70 and has the potential to see upside up to 172 and 180 levels.

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DIXON TECHONOLOGIES Can be bought if it sustains above 8480. Stoploss in that case shoud be placed below 8340. It can see a target of 8605, 8773.

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Nifty has support between 22580-22620 below which it can test 22400 to 22350 levels . Nifty has resistance at 22750-22780 above which it should have a new high

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NIFTY BANK It has a support at 49220, if open below and sustains can test 49000, which is a strong support. If it holds 49170 and reverses it can retest 49500 and 49700 levels

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Nifty 50 Nifty has a support at 22520, below which it can test 22450-22410. If 225480-22520 holds Nifty spot can retest 22720 levels.