It was interesting fall from 796 to 440 and now made 52 Week low at 336. And finally last week RSI reached 25 levels. So its a clear buy with initial target of 380 sustaining above this level can take further upside. Keep the stop loss below the recent low of 336.
Ascending Triangle formation on Sun Pharma and showing bullish trend. Trade Buy abv 710 Target - 720 Stop loss - 703
Channel down formation on LT at 30mins chart. Indicators are not giving signal for bull. Trade may active on tomorrow or today (16/11/2016) itself. May be LT move over sideways until indicators giving bull signal. so keep focus and add in watchlist for next day. Trade Idea: Buy above - 1380 Target 1 - 1395 Target 2 - 1408 Stop Loss - 1366 Target 1 points...
TV18Broadcast is at the lower trendline support rite now.. Its time when it will either bounce back and go higher or break down and go lower from here..
Ascending triangle formation in TCS on 30mins chart. When the price break the top line of the Ascending triangle, the trend will be bullish but here need to focus o EMA 50. EMA 50 lying above the price. so EMA will act as a Resistance so keep on eye. Once EMA 50 also broken then it will be hit the target. Trade Idea: Buy above - 2163 Target 1 - 2184 Target 2...
HCLTECH is giving a potential Buy Setup!! The Zig Zag Correction seems to be over with today's low made around 730 levels. I would expect the stock to go higher from here and breakout of the corrective channel that it has been in from long time. My stoploss is around 725 levels and First Targets around 950 level and above. Happy Trading!!
Dear Traders Triangle formation of BPCL in 15mins chart and it may break either side. Hurdle for long - EMA 50 lying above the price and it will act as a Resistance. Other indicators like MACD, Stochastic and RSI looking bullish. No trade until the price break the triangle.
Dear Traders, Descending triangle formation in 15 mins Chart of Arvind. Will it break the support or move to resistance ? Buy or Sell - will decide on Tuesday (15/11/2016) Buy above 376 Target - 380.5 Points gain - 4.5 Sell below 368 Target - 362 Points gain - 6 Happy Trading...!
Dear Traders, Trade 2 (15/11/2016). Descending Triangle and Channel Down formation on 15mins chart . Buy above 777 Target - 785 Points gain - 8 Sell below 761 Target - 754 Points gain - 7
TV18 Price movement is bullish with periodic correction giving opportunity for fresh entry. as we see the price is moving in channel pattern with confirmed support & Resistance
This time Nifty is going to take immense time to get settle for fresh rally to break the Resistance of 9000 Points ( Failed to Break 2 times in Past) . So investors have excellent opportunity to take a position in the Range of 8300-8150.
The stock is offering a good buying opportunity at the current level. It is trading at a demand zone from where buyers find it cheap and enters. Very small risk at the low of the current bar. It could give a decent return in coming days,
Buy Near 194 With Stop Loss 130 For Target 285 and 365. Above 245 if sustain Target 550
PF, latest Trendline and Channel cofluence at this point suggesting that buyers may enter at this level. Please keep a watch on it for emerging trade.
If this trend line is valid then can Ultratech Cement be bought at around 3935?
Here exists a beautiful W pattern buying opportunity in the stock. The second bottom has shown a divergence also. Normally the target for the W patterns are big reaching the area from where trend started, let's see how this stock moves. Good risk to reward ratio. WEducational purpose as I am not trading it.
The stock has formed a bottom and recovering from there. It may test the MPL from above and bounce from there till upper channel. Good trading opportunity may emerge soon so please have a watch on it. Good Luck
Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!