Lupin Bearish Engulfing Bearish engulfing on support level . Looking weak.
Levels mentioned in charts
Engulfing Candle
BANK NIFTY_TREND ANALYSISAs on 18/09/18, Bank Nifty is in downtrend as per candlestick pattern and also moving averages. Crucial Resistance level is 26644.36 and crucial support is 26363.54. If it breaks 26390 then sell bank nifty for target 26302/26131/26041 with stoploss 26500. Also, Bank Nifty is forming bearish engulfing in monthly time frame.
SWING TRADE IN M&M FINSWING TRADE IN M&M FIN
SEPTEMBER FUTURES
BULLISH ENGULFING IN FUTURES CHART
BUY@464 ADD MORE @446
STOP@440
TARGET@490
LOT:1300
QTY:2
BTST IN L&T FINANCE HOLDINGS(CONDITIONAL)BTST IN L&T FINANCE HOLDINGS(CONDITIONAL)
SEPTEMBER FUTURES
BULLISH ENGULFING
200-DMA BREAKOUT
BUY@169-70(CLOSE ABOVE 168)
STOP@164
TARGET@174-180
LOT:4500
QTY:1
BTST IN RELINFRA SEPT FUTBTST IN RELINFRA second day in a row
SEPTEMBER FUTURES
200-DMA SUPPORT and now a bullish engulfing
BUY@472-75
STOP@485
TARGET@465
LOT:1300
QTY:2
POSITIONAL TRADE IN YESBANK SEPT FUTPOSITIONAL TRADE ON YESBANK
SEPTEMBER FUTURES
BULLISH ENGULFING IN YESBANK
GOOD ENTRY LEVELS
ACCUMULATE
BUY@343
STOP@333
TARGET@380
LOT:1750
QTY:2
BEARISH ENGULFING IN BANKNIFTYBEARISH ENGULFING IN BANKNIFTY
SHORT TRADE IN BANKNIFTY
BUY PUT OPTIONS OR SHORT THE FUTURES
LEVELS GIVEN AS PER CASH MARKET RATES
PLEASE ADJUST ACCORDINGLY IN FUTURES
SHORT@27825
STOP@27960
TARGET@27625
LOT:40
QTY:5
Ashok Leyland - Long term uptrend resumes ?After a steep fall of 3 months, looks like Ashok Leyland NSE:ASHOKLEY has resumed its upward journey from August.
I can see that the stock has reversed from its long term trendline forming a Bullish Engulfing candle.
Also, it has reversed after retracing 61.8% of its previous upmove.
Good stock to accumulate with a stop loss below 110 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
STBT ON LUPIN AUG (FUT)STBT ON LUPIN
BEARISH ENGULFING
AUGUST FUTURES TRADE
SHORT @797
STOP @807
TARGET @787
LOT:600
QTY;2
Aurobindo Pharma –All set to rally ?The Pharma index NSE:CNXPHARMA seems to have resumed its uptrend today after consolidating for about a month.
After a pullback from 636 to 566 levels, looks like Aurobindo Pharma NSE:AUROPHARMA is all set to start the next cycle of uptrend.
I can see that the stock has reversed after retracing 61.8% of the previous upmove and formed a Bullish Engulfing candle today.
Good opportunity to go long here for a target of 610 and above with a stop loss of 565.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Crude Oil – Is there more steam left ?Crude oil TVC:USOIL fell sharply from 75 levels to make a low around 67.
However, this low is higher than the previous one so the rally may not be over yet.
I can see that the price has bounced back after retracing around 61.8% of the previous upmove, forming a Bullish Engulfing candle.
So we might be in for another cycle of an uptrend in Crude.
As long as the price sustains above 66, would be skeptical that the rally in Crude has ended.
Would keep a close eye on OMCs (HPCL,BPCL,IOC) which might be hammered once again if there is a surge in Crude Oil price.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
SBI - All set to rally ?After a huge upmove from 232 to 289 levels, SBI NSE:SBIN entered into a consolidation zone for a month.
However, I can see that it has bounced back strongly after retracing 61.8% of the previous rally and has formed a Bullish Engulfing candle.
Looks like it is all set to begin next phase of rally after retracement.
Good opportunity to go long here with a stop loss of 250.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
REVERSAL IN PSU BANK INDEX FEW STOCKS GOOD TO GO LONG!!THE INDEX HAS ENGULFED ABOVE THE CLOSE OF THE
PREVIOUS BAR.
STOCKS LIKE BOI AND BANKINDIA AND CANARA BANK
HAVE ALSO SEEN BULLISH ENGULFING PATTERN
BUY ANY OF THE ABOVE STOCKS WITH A SHORT TERM VIEW
BTST ON ICICI BANK JULY FUTURESBULLISH ENGULFING IN ICICI BANK
JULY FUTURES
invst.ly
BUY@267
STOP@262.5
TARGET@272.5
LOT:2750
QTY:1
USD/CAD Technical analysisThe daily chart of USD/CAD has formed harmonic shark pattern AB=CD.
The daily chart has also formed a long engulfing candle.
Also in 4-hour chart a double top pattern has been formed.
So we can expect some profit booking in the counter and a long retracement could be possible.
Tata Steel - Has the downtrend resumed?After a pullback from the lows of 537 to 608 , Tata Steel NSE:TATASTEEL seems to be facing stiff resistance around 600 levels.
I can see that it failed to cross the resistance after retracing 61.8% of the downmove, forming a large bearish candle and Evening star like pattern today.
Went short here with a stop loss around 610 levels for a target around 550 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Hindustan Zinc – Downtrend resumes?After a rise from the lows of 277 till 306, looks like Hindustan Zinc NSE:HINDZINC has completed the countertrend move and is on its way down again.
With Metal Index looking weak, I can see that the stock price got rejected after retracing 50% of the previous downmove, forming a Bearish Engulfing candle in the process.
Good opportunity to short here with a small stop loss for successive targets of 291 and 278.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Mahindra and Mahindra - Looks weakThis trade is for intraday basis on June 12.
I can see that M&M NSE:M_M stock price has got nicely rejected after retracing 38.2% of the previous downmove, forming a Bearish Engulfing candle.
Will look for selling opportunities below 912 if available near current levels for a first target in the 897-900 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Escorts - Short term top ?Escorts NSE:ESCORTS has been struggling at the resistance zone around 922 levels.
With a large Bearish candle on 15 min chart, the stock appears to be ready for breakdown.
Good opportunity to short here with stop loss above 922 for a first target of about 900.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
