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BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
NSE:BSOFTLong
by chartistamey
USDJPY grinds within a fortnight-old bullish channelUSDJPY stays mildly bid around 161.00 early Monday as traders await the key US data/events scheduled for release during the week. In doing so, the Yen pair defends the previous three-week uptrend while approaching the highest level since 1986, marked the last week, by being within a fortnight-long bullish trend channel. It’s worth noting, however, that the nearly overbought RSI conditions and the sluggish MACD signals could join the market’s cautious mood and recently firmer Japan data to challenge the buyers around the multi-year high. The latest peak of nearly 161.30 appears an immediate upside hurdle to watch during further advances. Following that, the aforementioned rising trend channel’s top line surrounding 161.60 may test the bulls targeting the late 1986 high of 164.50. Conversely, a convergence of the bullish channel’s bottom line and the year 1990’s high, close to 160.40, appears a tough nut to crack for the USDJPY bears. Even if the Yen pair sellers manage to conquer the 160.40 hurdle, April’s peak of 160.20 and the 160.00 psychological magnet will challenge the sellers before giving them control. In a case where the quote remains bearish past 160.00, the 1.5-month-old resistance-turned-support and the 100-bar Exponential Moving Average (EMA), respectively near 159.60 and 158.75, will be the last defense of the buyers. Overall, the USDJPY pair remains within a bullish trajectory but the buyers are likely to have a long and bumpy road ahead.
by MTradingGlobal
Texmaco Rail and Engineering - Breakout Setup, Move is ON...#TEXRAIL trading above Resistance of 241 Next Resistance is at 383 Support is at 154 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TEXRAILLong
by MandeepSinghKohli
2
MIC Electronics Ltd - Breakout Setup, Move is ON...#MICEL trading above Resistance of 82 Next Resistance is at 110 Support is at 55 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MICELLong
by MandeepSinghKohli
OFSS - Breakout Setup, Move is ON...#OFSS trading above Resistance of 9759 Next Resistance is at 12911 Support is at 6606 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:OFSSLong
by MandeepSinghKohli
BBTC - Breakout Setup, Move is ON...#BBTC trading above Resistance of 1776 Next Resistance is at 3091 Support is at 1461 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BBTCLong
by MandeepSinghKohli
Pnb Gilts Limited - Breakout Setup, Move is ON...#PNBGILTS trading above Resistance of 136 Next Resistance is at 180 Support is at 92 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PNBGILTSLong
by MandeepSinghKohli
Texmaco Rail and Engineering - Long Setup, Move is ON...#TEXRAIL trading above Resistance of 154 Next Resistance is at 241 Support is at 123 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TEXRAILLong
by MandeepSinghKohli
3
Kalyan Jewellers India Ltd - Breakout Setup, Move is ON...#KALYANKJIL trading above Resistance of 463 Next Resistance is at 731 Support is at 341 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KALYANKJILLong
by MandeepSinghKohli
2
Kddl Limited - Breakout Setup, Move is ON...#KDDL trading above Resistance of 3064 Next Resistance is at 4196 Support is at 2157 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KDDLLong
by MandeepSinghKohli
Gulf Oil Lubricants India Limited - Breakout Setup, Move is ON..#GULFOILLUB trading above Resistance of 1100 Next Resistance is at 1546 Support is at 925 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GULFOILLUBLong
by MandeepSinghKohli
2
Ntpc Limited- Breakout Setup, Move is ON...#NTPC trading above Resistance of 375 Next Resistance is at 515 Support is at 291 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NTPCLong
by MandeepSinghKohli
Black Box Ltd - Breakout Setup, Move is ON...#BBOX trading above Resistance of 293 Next Resistance is at 514 Support is at 217 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BBOXLong
by MandeepSinghKohli
Raymond - Breakout Setup, Move is ON...#RAYMOND trading above Resistance of 2676 Next Resistance is at 3621 Support is at 1734 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RAYMONDLong
by MandeepSinghKohli