I will buy NAM_INDIA because : It has been taking support at the trend line . So will be looking at buying opportunities. Entry : 262 Target : 327 Stop loss : 248
I will go LONG on TORNTPOWER because: The price is taking support at trend line . It has touched the support trend line again . So will look at buying opportunities. If it falls below the support trend line then short it. Entry - 312 Target - 350/367 Stop loss - 300
I will buy GODREJCP because : It has been taking support at the trend line . It has touched the trend line a few times and has not been able to break it. So will be looking at buying opportunities. If it breaks the trend line downward then look at shorting opportunity . Entry : 673 First Target : 725 Second Target : 745 Stop loss : 649
The price has not been able to move above 851. 851 is major resistance for TECHM if the price breaks the resistance we can see upward move up to 1120 if it does not break the resistance then the price may fall up to 540. IF THE PRICE BREAKS THE RESISTANCE (BUY) Entry : 851 Target : 1120 Stop loss : 840 IF THE PRICE DOES NOT BREAK THE RESISTANCE (SHORT) Entry :...
I will go LONG on UBL because: The price is taking support at trend line . It has touched the support trend line again . So will look at buying opportunities. If it falls below the support trend line then short it. Entry - 952 Target - 1158 Stop loss - 905
I will go LONG on WABAG because: 1) The price is forming a Chanel or Rectangle Pattern . 3) The price is also under Support/Resistance zone. 4) It has touched the support and may reach the resistance zone . 5) Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 183 Target - 224/229 Stop loss - 170
I will go LONG on ONGC because: 1) The price is forming a Chanel or Rectangle Pattern . 3) The price is also under Support/Resistance zone. 4) It has touched the support and may reach the resistance zone . 5) Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 74 First Target - 84 Second target - 92 Stop loss - 70
I will go LONG on NIACL because: The price is taking support at trend line. It has touched the support trend line again . So will look at buying opportunities. If it falls below the support trend line then short it. Entry - 113 First Target - 121 Second target - 135 Stop loss - 105
I will go LONG on FEDERALBNK because: 1) The price is forming a Chanel or Rectangle Pattern . 3) The price is also under Support/Resistance zone. 4) It has touched the support and may reach the resistance zone . 5) Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 49 Target - 57 Stop loss - 47.5
Intraday & Short Term: Buy Hexaware Above 463 Target 474 500 550+
signal : buy cmp 420 sl 400 target 471
I will go LONG on HDFC because: The price is taking support at trend line . It has touched the support trend line again . So will look at buying opportunities. If it falls below the support trend line then short it. Entry - 1724 Target - 1923 Stop loss - 1680
I WILL LOOK AT BUYING OPPORTUNITIES AT ICICIBANK because : It is forming a continuous channel pattern. It is kind of expanding pattern . It has been taking the support of the lower trend line . Now the price is again at its support level so will be looking at buying opportunities. Entry : 369 Target : 416 Stop loss : 346
I will buy POWERGRID because : It has been taking support at the trend line . It has touched the trend line a few times and has not been able to break it. So will be looking at buying opportunities. If it breaks the trend line downward then look at shorting opportunity . Entry : 172 Target : 191 Stop loss : 166
I will short tatasteel because : It is facing a strong resistance at the trend line. Its not been able to break that trend line. The price is again at the resistance trend line and may fall. If it breaks the resistance trend line then we will be looking to buy. Entry : 400 First Target : 320 Second Target : 280 Stop loss : 440
Entry - 1306 First target - 1270 Second target - 1234 Third target - 1158 Stop loss - 1338 I will short kotakbnk because : 1) It is forming a rising wedge pattern. 2) The price has given a breakout from the rising wedge pattern. 3) The breakout is downards so will short kotakbnk.
Yesterday cipla broke out from its range today it retested and started moving as expected. . Reason to Buy : 1) Broke out from triangle pattern with good volume. 2) Good price action in one hour time frame(Triangle breakout as well). . Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
Nifty - Technical Analysis: -Nifty closed 15 points, or 0.13 percent, up at 11,464.45. -It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign -FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period. Market - Driving...