BEARISH 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
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:...
Long above 1050 only. SL - 957 Target - 1276.45
The trade is against the trend Hence, a bit risky
STBT ON LUPIN BEARISH ENGULFING AUGUST FUTURES TRADE SHORT @797 STOP @807 TARGET @787 LOT:600 QTY;2
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...
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...
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...
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
BULLISH ENGULFING IN ICICI BANK JULY FUTURES invst.ly BUY@267 STOP@262.5 TARGET@272.5 LOT:2750 QTY:1
The 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.
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...
Bullish Engulfing Entry above 685 T1: 703 T2 :738 CBSL : 678 Aggressive entry
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...
This 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...
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...
After falling from 435 levels, Ujjivan Financial Services NSE:UJJIVAN witnessed good buying activity today. I can see that the stock has reversed after retracing 61.8% of its previous upmove, forming a Bullish Engulfing candle today. Good opportunity to go long here with stop loss near today's lows for a target in the 408-420 zones. Disclaimer: Views...