Eicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA. According to option chain data, 3100 is a strong support. According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal. Targets of T1 and T2 with...
RAMCOCEM | Trendline breakout - Looks potential for 25% CMP : 730 SL : 675 Target : 910, 1100 1:3 risk reward
STLTECH | Small triangle breakout - Looks potential for 25-30% (First target) CMP : 188 (Dip : 180) SL : 165 Target : 235, 300 1:4 risk reward setup (1st target)
PRINCEPIPE | Breakout in FII counter - Looks potential for 20-40% short term CMP : 598 (Dip : 575) SL : 540 Target : 730, 850 1:3 risk reward setup for first target
BAJAJCON | Potentially a strong breakout ahead -Good for 25-60% CMP : 165 SL : 145 Target : 210, 265 1:3+ risk reward setup for first target
Falling wedge pattern formed along with good volume buildup on weekly TF. Stock near 200 EMA
RAJESHEXPO | Simple breakout - Looks potential for 25-40% CMP : 648 (Dip : 635) SL : 585 Target : 785, 875 1:3+ risk reward setup for 1st target
MAHLOG | Highl probable trendline + 200 EMA breakout - Potential for 25% CMP : 546 (Dip : 515) SL : 470 Target : 640 1:3+ risk reward setup
Beautiful number of confluences have been shown by NAUKRI 1. Support of the 50EMA 2. Support of the trendline 3. Break of 200EMA 4. Very favourable and quick risk to reward ratio All this was done on above average volume making a high probability for a long trade. Target should be at the next level of confluence 4881. Keep It Simple
Hindalco gives an opportunity for a long trade by numerous confluences 1. consolidatory break of the 200EMA 2. Break of Resistance zone 3. Favourable risk to reward ratio 4. High Volume 5. Upward channel support Stop Loss below the recent consolidation low
GODFRYPHLP | Simple trendline breakout - Looks potential for 20% CMP : 1139 (Dip : 1120) SL : 1080 Target : 1350 1:5 risk reward setup
NSE:HINDUNILVR HUL BO & Retest pattern above 200 day EMA (blue). currently trading above all major moving avgs.. If closes above 200 ema today then can initiate buy positions for longer term. Very less risk takers can keep SL below last candle which is around 2250.. Positional Traders keep SL below 50 ema (orange) now. and later can trail with 200 ema breakdown...
INDIGO after a steep rally of 15%, now after crossing 200-day EMA it is consolidating above 200-day EMA. Once it breaks the range upside, it may continue its uptrend to give higher levels.
INDUSINDBK | Channel breakout + 200 EMA breakout + Gap Filling opportunity - Looks potential for 25% CMP : 987 SL : 930 Target : 1230 1:4+ risk reward setup
Stock at 200 EMA in weekly TF. Good accumulation in monthly TF. High probability potential breakout in Daily & weekly TF
LICHSGFIN | Trendline + 200 EMA breakout - Potential for 15-30% CMP : 398 SL : 370 Target : 460, 530 1:2 risk reward setup for first target
JK LAKSHMI CEMENT is making channel at daily tf with 200 ema as its support a must watch case for beginners
Buy BECTORFOOD if it crosses 200 days EMA. Take SL at support level. Short term target - 460 Long term target is at all time high level - 620