Stochastic @ overbought level. Now Bearish engulfing candle. Short with stop loss of 10 Points (315). Target first band & second band(285/262). Good Risk Reward ratio.
OIL india had a good up-journey and is now ready for possible major consolidation. OIL india generated a nice bearish engulf followed by a sense of confusion in the stock Short OIL India CMP - 350 Short below 345 (risk takers can short right away) Target - 339 / 323 / 295 SL - 360 (people who are looking for smaller SL can keep it at 355)
Indigo price study for next day and upcoming weeks Doji on daily chart. Price levels for paper trade
in daily, price bounced from ascending channel support after forming hammer. hidden bullish divergence seen here sl - 579, tgt1 - 645, tgt2 - 680
As per Fibonacci, Nifty lying on 61.8% important turning point and having Doji pattern. Which way the Nifty will travel ? Either Doji will indicate the direction nor Fibo will get retracement ? Level for Long - If Nifty on long side, it will travel upto 10080. Level for Short - If Nifty on Short side, it will fall upto 9880.
NSE:FEDERALBNK federal bank has started moving back to its upper bound The stock is also moving towards builing a bullish triangular pattern. Once the top (121.5) is broken stock will go for breakout Buy Federal Bank above 114 Target 119 and above SL 111.30
Asian paint has just started the steps towards its upper bound. Asian paints also made a shooting start in its last session giving a bullish indication from here. CMP - 1157 First target/resistance 1185 Once 1190 is broken it will shoot to 1260 and above SL - 1142
Hammer pattern observed..sign of trend reversal BUY above hammer close or above 606 SL 587 and Trgt 700
TATAELXSI has morning star pattern near important support level.
NSE:JETAIRWAYS has corrected nicely recently falling from the levels of 590 to sub480. Jet airways seems to be respecting the support trend line. Stock made a dogi to signal the time for reversal. RSI of stock also suggest oversold stock. Buy Jey above 490 (aggressive buys can buy above 484 with high risk) Target - 530 / 540 / 580 SL - 470
NSE:TATAPOWER has corrected nicely recently and presently at its support. Stock has made a dogi at the bottom signaling its ready to change the trend and go bullish. Buy TataPower above 78.65 Taget 80 / 81.5 / 85
It has been observed that the price action was trending down for past 5 months and now, it showed a strong volumes at support levels indicating a buyers coming back. It has another resistance at 280 levels, if it breaks and closes above it on weekly chart then it shall confirm a change in trend and will further rise up. Target 1: 280 Target 2: 320 Stoploss: 245
Hindpetro has bounced from its support with big surge in the volume forming hammer in daily chart. One can go long above 429 T1 - 444 T2 - 473 SL - 402
In daily, hammer formed at trend line support, it should bounce from here, sl - 235 tgt1 - 255, tgt2 - 265
In my previous post I suggested buying..perhaps the move started a bit earlier than expected but hit the target..see below >>> When I look at the current chart and ask myself, what could be the ideal place to enter ? Is it on the next bar break above the Doji candle made in the last hour today or at a lower price ? Before beginning I would like to make it...
AJANTPHARM has formed morningstar pattern on 23rd August and has consolidated between 1180-1240 zone. Yesterday it showed breakout from that range and its a good bet for short-term upside.
The Share was performing well in the past months. The stock split 1:10 on 31st August. The stock crossed its resistance of 146 with volume accompanied with increase in price. Although the candle for today was a red candle, I expect the stock to resume its up move, and reach a target of 180+ in next few months.
EQUITAS stock price has reached upwards trend line support, bounce from 160 zones in a day chart ready for the target 180+ . by keeping stop loss below 155.