I will go LONG on RBLBANK 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 - 165
Target - 200/210
Stop loss - 145
I will go LONG on PFC 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 - 88
Target - 103
Stop loss - 83
I WILL LOOK AT BUYING OPPORTUNITIES AT LT because :
It is forming a 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 : 878
Target : 1081
Stop loss : 840
I 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
I 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
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 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
Wait for the bajahldng to give a breakout and buy or sell in which ever direction the breakout is given .
It is also forming a descending triangle pattern.
Hi Traders!
HDFCBANK has shown small rejections at its weekly support trend line. If it moves upwards it can be traded for 1069, as 1069-1079 is area of strong monthly resistance.
If HDFCBANK falls below 1025 comfortably, it will retest 975.
So keep close watch and follow the strategy as follows:-
In case of upward move:
Intraday traders/Short term traders can...
