Stock moving uptrend near 50DMA and also near support of trendline. Maharashtra govt will give permission soon to start restaurants
Stock is in daily demand zone plus supported by EMA 20
This stock is looking very good and is near a whole number psychological level =~ 450. If this level is breached, it can be a good intraday opportunity.
Add on every dip, we can see Rs 90 level in coming days. Hit like if you agree or comment your view on the same.
Daily demand zone coinciding in monthly demand zone plus EMA20 support.
LET'S SEE IT'S RISKY TO BUY NOW DUE TO LOW VOLUME BAR
While we have been adding positions in Motherson Sumi first from 70 levels and again when it moved above a Triangle formation, there is a strong case for a fresh long. Friday saw some profit taking at higher levels leading to a long upper wick but the trend seems to be intact. A good buy set up can take the stock to 116 with a stop at 87. Go long for a positional trade
Levels are mentioned in the charts
BUY glenmark pharma @298.50 targets 301, 305, SL 295.50
CUMINS MAKING BULLISH PATTERN BUY ABOVE PRV DAY HIGH SL PRV DAY HALF OF THE BODY. TGT 1-2-% FROM ENTRY. GOOD LUCK.. IF YOU LIKE THIS CHART YOU CAN FOLLOW ME ON YOUTUBE FOR DAILY UPDATE. AND ON TWITTER TOO @IMBHUWI .. YOUTUBE CHANNEL(DUMB TRADER ). YOU WILL LEARN MANY THINGS FROM MY VIDEOS AND PLS DONT FORGET TO LIKE AND SUBSCRIBE
Adani ports is at weekly support level. We can go long from here with a stop loss of 340 on weekly closing basis.
If the breakout is successful, one can buy in lower time frame; if it fails then short the breakout failure
Keep watching great intraday long opportunity waiting for ZEEL MACD and EMA's confirming intraday buy time, Trend line also confirmed, so keep watching your turn.