Buy
Reliance: Near Support level from Long term perspectiveReliance
We are looking at weekly chart of Reliance Industries
- Between July 2018 - May 2020, we observe Reliance trading in 3 red downtrend channel boxes of similar time horizon
- In June 2020 , we see Reliance giving a strong breakout above the red trendline
- thereafter we have seen Reliance trading in 2 parallel yellow boxes
Given the chart pattern,
Accumulate Reliance at current levels and on dips towards 2240
Target 3500 odd levels
Reward potential 50%
Pattern gets invalidated if it closes below the red trendline on a weekly closing basis
Risk 5%
Risk::Reward ratio looks good to go long from medium to long term perspective
Take care & safe trading....!!!
For more such ideas
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Expiry week chart set upToday we are seeing people exiting from Call options and entering Put options.
In my morning post, we had mentioned Nifty PCR at 0.72 signifying oversold conditions and that Short trade should be carefully taken.
We had mentioned the level to short and accordingly given exits also. We had highlighted the level of 17096 in morning to short and at lower levels when Nifty was 17020 we suggested to book profits.
Trust the analysis helped.
We observe Nifty trading in a downtrend channel since 6 Oct 2022.
For tomorrow's expiry we would be watching and following the channel.
Important levels on the upside
17160 /
If we see a breakout of channel on the upside then further targets 17220 / 17260/ 17278
Important levels on the lower side
17080 / 17037 / 17006 / 16980
Trade accordingly and have realistic expectations.
Take care & safe trading....!!!
Like and Follow
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Aurobindo Pharma: Chart AnalysisAurobindo Pharma
21 day EMA around 528
63 day EMA around 543
252 day EMA around 623
One may consider to buy the stock for target of 580 - 588 / 618 - 622
Keep a SL at 525
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Grasim - IntradayGrasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look for an inside candle and then take a trade.
- if it opened FLAT then we have to wait for the breakout.
Selling - If the 1700 level is taken as resistance then we can sell below 1690 which can lead it to the target of 1680 to 1660.
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#StockRecommendations #StockMarket #Trading #IntradayTrading #Buy #Accumulate
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
07/10/2022 Research Report For ZomatoDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy @ C.M.P (Current Market Price)
Target 1:- 80
This Pevious Research Report Will Also Be Real:-
Asian Paints: Chart set up and trading strategyAsian Paints
- After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far
- The tepid recovery is also due to rise in crude oil prices during the same time.
- Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series)
Keep a close watch if Asian Paints closes above 21 day EMA ( currently around 3386) and or crude prices cools off drastically
Take care & safe trading
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be