Chart set up - We are looking at weekly chart of HPCL - after facing downward pressure from Line of resistance 4 times, it finally gave a breakout on the 5th occasion - currently it is back retesting the breakout - stock has support at 224 / 216 / 204 odd...
NECTAR LIFESCIENCES Daily has trendline breakout, good to buy at 26 for target of 39,46 with sl below 24
Nifty first instance has taken a fall from the opening levels. Again if you see the chart we see it respected 21 day EMA. In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140 The same has been updated in my...
Infy - the stock is managing to hold on to gap zone levels - important support levels 1480 / 1444 / 1433 - 20 day EMA and 63 day EMA at 1562 and 1545 respectively Given the setup, one may consider to sell Infy January expiry 1460 Put option The strategy has a profit potential of 10% on Margin requirement and provides protection for a fall up to 1437.5 odd...
JBMA Daily has flag n pole breakout with 200 ema support at daily candle. Good to buy at 470 for target of 676,743 with sl below 412
Suzlon Daily has Cup n handle breakout. Good to buy at 11.60 for target of 99 with sl below 10
RANA SUGAR Daily has flag breakout/trendline breakout with 200 ema support at daily candle. Good to buy at 27-30 range for target of 40.50,44 with sl below 23
Wipro making symmetrical triangle on 15 minutes chart pattern, Trade as per your setup.
JUBLFOOD travelling in small range of symmetrical triangle, watchout for breakout, levels will change at the time of breakout. Trade as per your setup and price action.
SURYODAY SMALL FINANCE BANK has trendline breakout with 200 ema support on daily candle. Good to buy at 123 for targets of 158,224 with sl below 107
MGEL Daily has trendline breakout with 200 ema support on daily candle, Good to buy at 37.50 for target of 48,52 sl below 32
IGL - Since Nov 28, the stock has seen some consolidation at current levels - 21 day EMA and 63 day EMA are at 430 and 415 respectively - Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL Take care & safe...
in last 2 trading days, yes bank already moved 20% and reach a one-year-old resistance levels as you can see in chart. now the question is that we should take entry in yes bank after such move. in my opinion, I will take entry in yes bank once its close above 21
Gujrat Gas Hourly has trendline BO, Good to buy at 530 for target of 596with sl below 518
Jindal Saw Daily had double bottom, The D target is achieved and now BO for 2D target. Good to buy at 95 for target of 111 with sl below 90
Watchout for breakout, trade only on candle closing basis.
Optiemus infracom daily looking bullish having inverted head n shoulder bo+ double bottom BO.+ 200 ema support on daily candle Good to buy at 319 for target of 437 with sl below 257