RelianceRIL looks weak. If it sustains 1320-30 levels then further upside. If it breaks below 1310 will take support at 1250.
Short RIL below 1310
Target 1: 1280
Target 2: 1250
Stoploss: 1325
R/R: 1:4
Regards
Centered Oscillators
Reliance .... watch 1370/- Channel move . Lower part of Channel is support which if broken can damage the current uptrend
Nifty 50 looking attractive...Beginning of new bull run...?pSAR, MACD and Stoch indicating reversal and this can be a better opportunity to enter longs in Nifty. SL would be 9150 (spot rate).
Ascending Triangle formation on GrasimAscending Triangle formation on Grasim. price may break above the support line and MACD showing bullish crossover on bullish trend.
Trade:
Buy above - 1101
Target 1 - 1112
Target 2 - 1124
Stop loss - 1188
BEL Short Wolfe Wave Divergence Oversold Intra day. Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
Bharti Airtel - Buyers Ringing (Oversold)It is been observed that the price action is resting at strong support zone where we could see a strong buying coming in coming trading sessions. At current price levels, we could see a good rally up . Technically, MACD indicator is also reaching to oversold area which is another sign of a pull back.
Target 1: 350
Stoploss: 330
buy zone buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90
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Astral Poly - Box BreakoutStock giving Range (Box) Breakout. Use every declines to form long positions.
Hexaware - In verge of a BreakoutStock is in verge of a falling Channel breakout. Also, MACD is in buy mode.
Possible breakout trade appearing TNPETROits almost 9 years consolidation.
possible breakout.
good to get long before at 28
SL 23
exit on your experience.
THREE BLACK CROWS Divergence and Wolfe Wave!Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
Ceat - LONGOI Analysis:
Price - UP
Volume - UP ( last 2 hrs )
OI - UP (+17%)
Market - (let see on 23/12/2016 - if nifty positive then will hit the targets)
Conclusion - Bullish
Strong Support - 1111 ( 3 rd times bounce from this support level )
MACD - Bullish crossover on bearish trend (below 0 level) but histogram likely to move above 0 level, its signal for bullish on bearish trend. (1 hr chart)
Trade:
Buy above - 1142
Target 1 - 1154
Target 2 - 1163
Stop Loss - 1131
Reward Points - 21
Risk Points - 11
