NMDC may move and hit the targets. Indicators are showing bullish signals. It has the strength to hit the final target. Monthly MACD crossover also happen upcoming months. Immediate stoploss below 97 on closing basis. Note: Long term stoploss given in the chart.
Cipla may move to the given target levels. Weekly Indicators are moving slowly from bearish to bullish side. Risk traders can buy at this level. Safe trader can enter above 490 on closing basis.
POSITIONAL TRADE IN PNB
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
Reliance Buy At CMP 1250-1255 Stoploss is 1190 Target is 1337-1420
Reasons For Trade- 1. Reliance is Near to importnant trendline support as well as Horizontal Support 2. 200 Days EMA support is Near to 1200 on daily chart 3. Risk Reward is 1:5
Indicators looks like bullish at present. Risky traders can buy with stoploss otherwise wait and buy above the mentioned line
(Note: Closing basis given on daily basis only/Low margin and low risk traders better to avoid it.. )
Refer chart for entry. Indicators are showing some bullish signals. MACD crossover may happen on upcoming weeks. Target given based on these and also expecting breakout, .