A correction phase has begun. RSI falling. If it breaches 762 level, can give a good buying opportunity around 709-715 levels.
A downward megaphone pattern, if continued, can be the cause of a steep fall.
EXCELINDUS | Strong INHS pattern - Potentially 75% opportunity - Buy in dip.
CMP : 1066 (Dip : 1000, 960, 920)
SL : 800
Target : 1800
It may take few months to perform. Please alllow it to work for us.
BHEL | Excellent long time trendline breakout - 70%
CMP : 47 (Dip till 42 - is a buying opportunity)
SL : 37
Target : 60,80
Almost 1:4 risk reward setup (Dip to Second target)
M&M | Flag accumulation is maturing, breakout may give us 30%
It has strong support zone for the last 16 weeks - almost 4 months.
CMP : 631 (Can buy upto 600) or buy above 660
SL : 560
Target : 810
1:7 risk reward from the dip (600 level)
BATAINDIA | Good consolidation getting ready for next move
CMP : 1575 ((RSI is weak, so buy just 60% now, remaining at 1540 level but until 1480 there is no risk at all)
SL : 1450
Target : 1850
1:3 risk reward setup
PIDILITIND | Mini flag opportunity for 6%
Consider happily averaging if comes near 1555 level. Stoploss is same for everything
CMP : 1589 (Dip upto 1555)
SL : 1540
Target : 1695
Simple 1:2+ risk reward setup.
