Continuing from the awesome prediction of nextgen sir ( see in related ideas ) ; maruti suzuki has again faced resistance at that level with full down candle. Short trade can be placed with the high of the candle + cushion as stoploss.
NSE:AXISBANK has convincingly broken the 50 day moving-average preceded by a strong pin-bar. Now the levels near 485 should be watched as it should prove decisive for further trend of the stock.
Sun Pharma is now at a multi-year horizontal - SR level . You can see the levels go back upto 2013 which make them important. Fellow traders are suggested to trade as they decipher this chart in their own way . Cheers !!
Tata Motors - 1. Here you can see, NSE:TATAMOTORS is on resistance on daily trendline. 2. Also, you can see the earlier resistance area which might turn out to be support and help in breaking out of the downward sloping trendline. 3. Otherwise if it doesn't find demand, we may see levels of the previous swing lows. 4. There's a divergence with the OBV...
CMP - Buy at 203.8 Stop Loss - 203 Target - Ride it till it touches yellow .
CMP - 940 SL - 942.5 Target - Closing basis
CMP - 155.1 Stop Loss - Upper yellow line of triangle Target - Ride till End of Day
APTECH CMP : 184.50 it is at decisive level , which way it will go, try to jump on the bandwagon.
NIFTY is most popular as we know. These are the lines that hold importance for another 2 days of the week. Follow them and make trades on the line. Always keep a bit of room for a short overextension through the line. Retest is a stronger signal than break. Have more confidence on that. Glad to help. I hope you like it.
NSE:LT is in a downtrend as you can see. It has given a breakout out of the lines which might just fail. Short positions can be entered with the pink line as stoploss and blue line below as target. Cheers !!
NSE:JETAIRWAYS see what happpens when the stock touches these lines and how it behaves in these zones. and then trade accordingly. Cheers !
Casually, just pondering over the chart where Nifty might react.
NSE:ICICIBANK is trading a channel . See how it reacts to the edges and trade accordingly. Cheers !!
Here, in this chart, you can see Marico's current price and the lines and levels that hold importance. Take trades according to them !! Cheers :)
As you can see, these are the areas, NSE:INFY has been trading in. I expect a downfall regarding the concerns related to US and upcoming earnings which might be weak. Here's my view on the chart.