The gap is huge and timeframe nearly a year !
Cipla shot up despite horrible earnings figure. I reckon there is time for some correction here! Positional Sell below 755.6 for 750, 745, 740 with SL at 765
Sell Below 105.3 with a 1 point Trailing SL for 104, 102, 100 with SL at 106.35
Short below 89.5 for 88, 86, 84 with SL at 92
Nifty IT has seen a major bull run since past week & now rally is expected to halt on the backdrop of profit bookings. 1. Infy Gapup opening today on positive results. 2. Created a new resistance level near 933-934. 3. Fall to 78.6% Fibonacci retracement levels observed today. 4. Further correction to 50% level is possible since large gap supposed to be filled...
Might run for gap fill. Seems to be a good long opportunity !
Making Doji's on VWAP after move up often gives upward movements There is a gap to fill and earnings expected soon Betting on it for target 205 with a tight SL at 198
Tata Steel cup n handle formation above 350 sustaining can show 358/370/387 with support of today's low 331...also above 358 to 375 is gap so careful on this zone....
Strategy 1: Short below 1980 (sustained below on the 15 min chart) for T1: 1955, T2: 1900 with SL at 2020 Strategy 2: Short below 1955 (sustained on the 5min chart) for 1900 with SL at 1980 (For choice of trade entry levels - check the hourly chart) Long term Investing Idea - The stock is at a attractive price point around the 1900s. Expected to rebound up...
Positional Trades: Short below 245 for 240, 238.5, 235 with SL at 250 Aggressive traders may want to initiate short at 248.5 ! Below 238 would be an ideal point for buying OTM August expiry call option.
All levels drawn on chart. 111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels. Positional Trades: Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5 (For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher) Or Short below 114.5 for 113, 111 with SL at 115.5 for the...
Might continue the trend and go for gap filling.
Formed Bullish Engulfing pattern today. The previous gap was acting as resistance. Above 400 should show the price up to 420-425. Follow rules strictly. Showed good momentum today
"GAPS ALWAYS GET FILLED" - If not tomorrow, may be sooner or later - WAIT FOR THE PRICE ACTION! Hope all you witnessed the glenmark story. If for any reason (profit booking or short retracement) stock breaks 900 level again, it can see a sharp fall towards downside to fill the gap. RSI confirms the overbought zone. Do not be in hurry! wait for some good price...