kotak bank good for positional ( hold for 10-15 days)
current price 1257
1st target 1275
2nd target 1292
3rd target 1215
stoploss 1242
kotak bank 1300 ce @11.70
stoploss spot price @ 1242
The earlier chart was not Dividend adjusted after re-checking the chart settings.
Hence, had to re-post
The way i read this monthly #chart - #Gail is gearing up for the "Mother of all rallies" as long as it respects the prior swing low of 300. My initial target is 575 #BULLISH
The way i read this monthly #chart - #Gail is gearing up for the "Mother of all rallies" as long as it respects the prior swing low of 300. My initial target is 575 #BULLISH
JET AIRWAYS today broke the upper resistance line of 2 months long bearish channel.
Broke the resistance of 316 and went up to 331.
A high move could be expected with a target of 20-30 pts.
Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend.
I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently.
The chart respects the strong support pink line and on july 2017 it broke the green ...
The HA candles have broken the resistance line and supertrend has shown buy signal.
HA candles have crossed 20 ema which is a positive sign. MACD line has crossed above signal line and is going towards zero line.
New candle formed above 20 ema. one can go for long short term trade.
DCB Bank has been consolidating and has formed a Cup and Handle pattern on daily charts. The stock has also closed above its 200 EMA at 179.4. The stock seems to have pulled back from the 200 EMA and is about the break out of the Cup and Handle pattern.
One can go long on this counter above 182 with Target of 187/191/197, keeping Stop loss below 174 (closing ...
Tata Steel has seen bounce back from 570 levels and is forming a reverse Head and Shoulder pattern on hourly charts. The momentum is bullish. One can go long with Target of 621/627, Keeping Stop loss at 590.
Tata Steel Fut Lot size: 1061
RELCAPITAL has seen consolidating in 420 - 440 range since a while. The stock is seeing bullish reversal, and can see a breakout. One can go long in the counter with Target of 447/457/470, Keeping Stop Loss below 420 (Closing Basis). Risk-Reward: 2.17.
RELCAPITAL Fut
Lot Size: 750
BANKNIFTY is forming an inverse Head and Shoulder pattern on daily charts with great momentum and 82% roll over in May series. Lot of short covering seen in past session makes this counter attractive. The stock has currently taken support at its 50 Day EMA and bounced back at 25008.
One can go long here with Target of 25710/25920/26140, Keeping Stop Loss below ...
Bharti Airtel looking strong at current level. After correcting from 540 levels it has formed base at 375 - 380. Currently stock has broken out of a falling wedge pattern and has also formed a downward channel pattern formation. One can go long here with Targets - 412/421/432/437. SL- 392
The stock can also possibly form a Head and Shoulder pattern.
SBI has touched the support on weekly chart and now it has to bounce back to reach 285 RS now for short term intrady this is the target refer my arrow.
There will be small support and resistance but it will touch 261 very soon.
This chart is for 1 hour. Weekly chart thing is just for an update.
Aurobindo Pharma
CMP 683
The stock is near support zone & can be looked at cmp and on dips
T1 718
T2 766
SL 625
Do review ur trading plan
& plan ur trade accordingly...!!!
Take care & safe trading...!!!
