Bullish view Reasons:- 1.Dynamic support 2.Price support 3.Channel Pattern 4.Volumes indication of weak down trend 5.Fibo levels @ 0.5% If not an direct upmove we might see some consolidation and then the stock may shoot in upwards direction. The EMA and the support are very crucial levels lets see if they could sustain.
Due to the earnings declaration the prices were hammered, and hence was opened as gapped down, Reasons For Selecting:- 1.Trendline acting as a support 2.Stock respecting Fibo levels 3.Double bottom pattern 4.Gap Filling. placing a stop-loss @ 375, Followed by the Targets 1 & 2
Entry: Day close above 33.50 SL: Close below 30.00
Stock has shown good upside momentum and has not been fully recovered after the covid-19 Impact hence here i see an opportunity and feel like it is ready to shoot up and forming a pennant pattern For easy targets of 50 to 60.
buy jindal steel at CMP and set target of 347
entry price 136 Targated price 151 Happy trading...
BK OF INDIA - Monthly Breakout Targets in green
NMDC LTD - Falling Wedge Breakout WEEKLY Targets in Green
HINDUSTAN PETROL - WEEKLY BREAKOUT trendline breakout triple bottom Bouncing from 61.8 Fib Targets in green
GODREJ INDUSTRIES - Weekly Head & Shoulders Targets in Green
BRITANNIA INDS - Forming Bull Flag Buy on Breakout Targets in Green
Itc for buy level buy form 209 Hold for 225 for month NSE:ITC
Hindustan Uniliver took support on Weekly Trendline beautifully. Looks good for a low risk 1:2 trade.
Watch PNCINFRA today for the trendline BO for the immediate target of 289. If moves above 290(watch for DCB) it can further give a good move for the short term.
We're in a large WXY structure and in process to start Y with another (WXY). X turned out as an ABC running flat. C hit perfectly the 100% extension of A. Now our next target is the .618 extension of W which is the most likely target and will complete (W).