Hi Traders,
Hindalco is one one of my favorite swinging stock.
If it breaks 174.80 strongly then trade as follows:-
Entry: 176
SL: 168
Target: 201
On the downward side, if it sees rejections at 163, then the trade should be placed as follows:-
Entry: 165
Target: 186 - 201 - 219 - 245
SL: 153
Hi Traders,
BPCL is again a positional trade. It needs some confirmations, waiting for it to see rejections at its support bed of 313-330.
Upon confirmations we can enter the trade as follows:
Entry: 325-335
Target: 375 (60%), - 380 (10%), - 415 (15%), - 452 (5%)
SL: 306
Keep following for confirmation.
Eicher motors has come up a long way from recent bottoms. It is still a strong candidate but needs confirmations.
Scenario 1:
It can retest its support bed (although week) range 2012-2065. If we see strong rejections from bulls then we can enter the positional trade.
In this case the trade should be placed as follows:-
Entry: 2050-2100
Target: 2400 - 2900-...
