IOCPrice in raising pattern.
Expecting NIFTY PSE to get a push.
fundamental-
Q2 - good profit.
IOC - in demand.
Equityanalysis
ITC buy signal at 213 , Broke major resistance I will look at buying ITC because :
ITC has broken its major resistance.
It has high chances of reaching 260 levels .
It has broken the resistance with good green candle.
Entry : 213
Target : 240/267
Stop loss : 201
MUTHOOTFIN Buy signal at 1064 , Long term stockMuthootfin has broken its major resistance.
The price can reach its 52 week high again.
We will be looking at holding it for a long term , good for long term investors.
ENTRY : 1064
TARGET : 1400
STOPLOSS : 850
IOC 74 buy at 74 , Price action is kingI will go LONG on IOC 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 - 74
Target - 96
Stop loss - 68
BAJAJFINSV Buy signal at 5862 , Forming rectangle pattern I will go LONG on BAJAJFINSV 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 - 5862
Target - 6685
Stop loss - 5492
BANDHANBNK Buy signal at support at the trend lineI will buy BANDHANBNK because :
It has been taking support at the trend line .
It has touched the trend line 3 times and has not been able to break it.
It is also forming a inverted head and shoulder pattern.
So will be looking at buying opportunities.
Entry : 325
Target : 405/410
Stop loss : 295
GICRE at its support Buy at 122I will buy GICRE because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 122
Target : 169
Stop loss : 111
COALINDIA Buy at 119I will buy COALINDIA because :
I has broken its small resistance and s at its support zone ,
It has also broken its trendline.
Its consolidating reversal can be seen
Entry : 119
Target : 136/143/150
Stop loss : 368
VBL buy at 684 , 16% move coming daysI will go LONG on VBL 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 - 684
Target - 790
Stop loss - 651
GODREJPROP forming a expanding channel BUY signals at 854I WILL LOOK AT BUYING OPPORTUNITIES AT GODREJPROP 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 : 854
Target : 998
Stop loss : 817
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 .
ABFRL buying oppurtunities Target 155 Abfrl has a great potential to reach 155 levels , It can show a slight fall before reaching 155 levels ,
Or it can reach the targets 155-159 without any fall or correction .
Entry : 130 or 135 or 139
Target : 155 - 159
Stop loss : 126
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
BANDHANBNK Buy signals at 313I will buy BANDHANBNK because :
It has been taking support at the trend line.
It has touched the trend line 4 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 313
First Target : 352
Second Target : 400
Stop loss : 290
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
ADANIPORTS short at 364I will short ADANIPORTS 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 : 364
Target : 338/313
Stop loss : 376
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
UBL buy at 952 , 22% profit to be expectedI 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
