Long on Bhartiairtle at 528.60 Entry - 528.60
Target - 593
Stoploss - 519.85
I will go LONG on Bhartiairtle because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Equity
Apollo tyre buying opportunity at 120The Apollo tyre price is bouncing in a bullish channel , I'm expecting the price to up within the channel it can even break the channel give a very big up move . If it breaks the channel downward it may give a downward move and we will have to short it .
Entry : 120
Target : 140
Stop loss : 115
ENGINERSIN forming a expanding channel BUY siganls at 67I WILL LOOK AT BUYING OPPORTUNITIES AT ENGINERSIN 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 : 67
First Target : 75
Second Target : 82
Stop loss : 63.5
BUY signal IOC , Rectangle pattern , Trading is all about skillwill go LONG on IOC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 84
First Target - 90
Second target - 95.7
Stop loss - 82
TORNTPOWER buy at 312 , Price action is kingI 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
GODREJCP buy Opportunity at 673 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
TECHM long term buy signal if it breaks 851 resistance.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 : 851
Target : 540
Stop loss : 860
WABAG buy signal at 183 , 24% move to be expected 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
ONGC BUY signal , Rectangle pattern , Trading is all about skillI 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
NIACL BUY signal at 113I 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
FEDERALBNK Buy opportunity at 49I 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]Go long above 463 for Target 474 to 550+Intraday & Short Term:
Buy Hexaware Above 463
Target 474 500 550+
HDFC BUY signal at 1724I 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
ICICIBANK forming a expanding channel BUY signals at 369I 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
POWERGRID Buy signals at 172I 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
TATASTEEL short signal at 400 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
SHORT Short signal Kotakbnk at 1306 , Rising wedge pattern breakEntry - 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.