50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop...
My follower, I awalys insist on telling you the truth. Here is my question and also might be for you "What will be the price to enter?" I am looking for it and find it for you and shortly I will tell you.
Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436, SL: 378.30.
Medium term outlook: We are expecting 20% upside from current levels, provided market conditions are good. Keep a stop loss of 378.30 to restrict losses in case market corrects.
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold (Friday)
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to...
Coal India: POSITIONAL BUY on close above 150 - 152.80 on daily charts.
Expect targets of 180 levels. Maintain stop loss of 121.
Overall stock market conditions are very important factor in positional calls.
The stock will remain bullish because:
1) Techinal indicators are bullish on multiple time frame with CCI=152 etc.
2) it has broken a range and a breakout can be seen clearly.
I would love to hear your views, follow me for more!
RIL's results are out, and I'd suggest to compare it with YoY performance rather than QoQ. Jio results are beyond expectations and deal with FB is a booster. RIL holds the capacity to outbreak Nifty beyond 10000 for sure. If we consider the positive trend in RIL, I'm expecting it to hit 1640 target in the coming days.
Here's how I analyze...
BPCL took support from an important level i.e. (240-250) and now is shooting higher.
Positional traders can enter after 375 level is breached with stoploss of 300 and target (450/550)
As the major trend is bullish (once 375 level is breached) intraday players can look for various buy opportunities.
infy i see the stock shown underperformance as compared other stocks and added to it not shown much to help index in the recent upmove
now as index is 1000++ point up in 4 /5 days
a pullback cnt be denied
thus the responsibility to hold comes on shoulder of non perforforming counters