The descent will be arrested if the stock manages to close above 135.50 tomorrow. If it remains bullish consistently, a level of 202 can be seen in medium term with occassional hiccups. Stop loss 116
BUY APOLLOHOSPITAL 930-940 SL 910 CLOSING BASIS TARGET MINIMUM 1004, 1149 RESULT ON 10 AUG REASON: FROM HIGH CORRECTION IS COMPLTE.,, NOW I EXPECT BOUNCE FROM TODAY LOW WITH SMALL SL
And the resistance level is likely to be met tomorrow at 803. If the channel is broken, medium term target is 1050 in the run up.
Short term up move up to 1538 can be seen. The medium term also looks good and the target is 1760. Stop loss 1130.
Stop loss 251 target 376 in medium term.
The stock if remains bullish, we may see 8700 in this run up.
In this run up there is a resistance at 381.50. Hope it gets broken next week for further up move. Support at 244.
Intermediate channel resistance at 805-810, which if crossed, may take the stock to 1050 in medium term.
In the shrot term a level of 805 can be seen. Any bearishness can find a support at 625
The stock has crossed 1/1 resistance with a big push on the back of a stellar quarterly result. If bullishness sustains, a level of 220 can be seen in short/ medium term.
Infosys move since the buyback/ sikka lows. Risk reward unfavorable for fresh buying. Looking heavy. Exit longs
It is above 1/1 angle support and the support for the coming week is between 3815-3825, which coul be good entry point. The 1/2 angle resistance is far away at 6095.
In the 47 week chart the stock shows a low point of 1030 in the next week while the upside is beyond the reach of serial UC's at 1800. Fresh entry can be taken if the stock revisits any level in the vicinity of 1025-1035
The stock has to close above 82.50 to remain above 3/1 ascending 60 day line.
Waiting for it to get closer to the upper end. Looks heavy
Long term charts - not a trade reco here. But looks like 700 on the cards eventually
Bearish overall structure