Short Powergrid at the fractal break of 190, target at major support 185. Expecting minor support @188.00 & 187.50
Buy Powergrid at breakout of major resistance @ 195, target at 199.5 & 205. Expecting some minor resistance @197.50
ITC has a hidden bullish divergence but it is trading below the cloud. Wait for the breakout of trendline and resistance at 265 to go long. Targets 268.50, 270.00, 272.50, 275.00.
If ITC bounces off the trendline and breaks the fractal at 262.30, since it is trading below the kumo cloud, short it with targets - 260, 257.50, 255
Wipro just bounced off at the support level 485. We also have a hidden bullish divergence. Go long at the break of trendline, with target at 500.
If Wipro breaks bounces off the trendline and breaks support at 485, wait for retest at resistance and short it with target at 470 level.
Infosys is in a very bullish area after a long time. It bounced off the good support near 1010 level. Buy if it breaks the above trendline.
If infosys breaks the support, let it retest the resistance at 1010 before shorting it with a target near 960 level
Redington India closed above the monthly resistance line which seemed more like a descending triangle pattern with an upside breakout. The stock seems to be ready for an upside move to test December 2014 high of 140 level. RSI above 50 is a good sign.
Trading strategy :
CMP : 109
Target : 138
Stop loss : Close below 92
Reward to Risk ratio = 1.70
Auropharma is giving a buying opportunity towards 50% retracement. One can go long at current price with stoploss below 620 and targets around 760. I could go even higher but conservative targets around minimum of 760. Buy & Hold with Stoploss.