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Futures

Maruti suzuki potential downside targetMartui Suzuki share price has started a News bear phase, which is indicated by Head and shoulders pattern and breakdown of neckline. During Wave A, it fell 11% from the top (A) and then retraced by 50% (B). It fallen again to 6900 giving 900 point gap Due to ongoing market condition, it retraced to 7300, which is a strong resistance line. It is yet to reach the zone of wave A indicating it is a correctional move. When it will start to fall again, the lower target will be 1.618 of wave A or 6200. Stoploss high of wave B 7745. Upside seems to be limited as up trends has lower volume as indicted by OBV graph. NSE:MARUTI2!
NSE:MARUTI2!Short
by suman6saha
NIFTY 50, 1D, RISE AND FALL, CORRECTION IS NEARGiven: NIFTY 50 : P/E = 34.73 :( STOCH RSI = OVERBOUGHT :( Nifty 50 is currently all time high. :) Trend-line Resistance is at near 13200 level and also GANN Static level is at 13000 - 13225. Trend-line support is at near 12460 level Also noted, there is a support zone at same 12460 level on Weekly time frame, which makes it a strong support level. MY ANALYSIS : NIFTY50 may immediately touch 13100 -13200 level and retrace back to near 12460 - 12500 level and then goes up and move in a Channel.
NSE:NIFTY
by m2gud
6
1:6 RR - NMDC Good Long Opportunity - Short Term TradeGood Long Opportunity for Feb expiry. The 15 mins downtrend that started on 21st January 2021 was broken recently on 17th February. On 18th February the price made higher lows and higher highs and the previous swing wasn't tested. This is a sign of good strength. An interim resistance was broken today and the price closed taking support on the level. Signs of Strength: Nifty in Red but NMDC made higher highs PSU Stock and PSUs are having their bullish rallies. This one is yet to rally since the budget. Closing above resistance and taking the support. Buy NMDC for a quick target of 122.5 and see if we sustain the level. If we break with strength then an easy target awaits at 130. Keep a strict stop loss at 118. There is a 40% chance of hitting the SL however since the risk-reward is too good to ignore, I have personally taken my position at the last minute today. I wouldn't mind my SL getting hit either. Once we cross 124, I will move my SL to 122 and ride until 130.
NSE:NMDCLong
by ShekharChatterjee
3
TCS: Sell on rise set upTCS 3135 On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart Alternatively, One may consider selling February expiry 3250 Call option in the range of 60-80 Lot size 300 Max profit potential in strategy Rs 18000 - Rs 24000/- per lot In built loss protection for a rise in price up to 3310-3330 on 25 Feb 2021 Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TCSShort
by indiamarketoutlook