Idea has been respecting the neckline for a few months now. Currently testing it again. Awaiting for breakdown/Reversal
Mentioned in the chart. Targets are mentioned based on trend lines.
Everything is mentioned there in chart Positional Buy at CMP, SL below 90, target 130 in short term
IDEA made a good round bottom.back to the neckline. awaiting a breakout/reversal.
Double bottom in monthly charts. Breach of trend in weekly and daily. Heavy volume on green days only. The company just bought back shares last week around 395-400 levels. are few reasons to long on this counter. i will also mention - apart from trading, i see potential for investment on this counter too with target of atleast 650. The company shall be a leader...
IDEA has been moving in a triangle. Currently in the small range between the bottom parallel channels. Awaiting a breakout/reversal
Sun Pharma Last time when stock was at 482, we were not very confident for a big move past 505. The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better. After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459...
SBI CMP 256 Observations - trading in ascending channel since Feb 2016 - currently at lower end of channel -trading below 50 day EMA - trading below 200 day EMA View going forward Scenario 1 - stock is at major trendline support & if the stock holds on to current level then - the stock may see a bounce towards either 50 day EMA currently around...
Short IDEA below 87 T1: 84.50 T2: 82.00 T3: 78.00 SL: 90.50
On 5th Sept we discussed 2 possible scenarios for Tata Motors that we are looking at... 1st was Tata Motors holding 374 on the downside and jumping towards 405-416 levels The stock made a low of 374.05 precisely and has managed to crawl back above 405 levels... Now if we see Tata Motors share price getting rejected here... then we are starring at the...
Tata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively...
Price action should find some support a the current levels. It's oversold and at previous support level. Also the news today should be very much positive for the company. I with 77.5 call at 3.4. Expect spot to reach 85 in next couple of weeks. That is almost 10% upside on the spot.
Stock price has reached its long term support of multiple historical bottoms placed around 555 on the weekly chart RSI is placed around 40 and showing some strength. Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal. Stock is on the verge of forming bullish engulfing...
Nifty Futures CMP 9920 For the current set up Target 9800 Stop loss 9940 Risk reward ratio 20:120 i.e 1::6 Take care & safe trading...!!!
Since the rise from 9455 to 10137 levels Fibonacci levels have played a vital role is identifying key support & resistance levels... Levels------------------------------------ Fib retracement-------------------------- Fib Level - closing low at 9710----------------- 61.8% of 9448-10137 -----------------------9711 - high of 9947...
IDEA CMP 89.40 The stock is trading near important 38.2% Fib retracement The stock may come down to 85.60 / 84 levels Pattern gets invalidated if it moves above 90.40 Take care & safe trading...!!!
Nifty CMP 9913 Chart is pretty simple... Nifty has been trading in the up trend channel since March 2017 Currently it is at the upper end of the channel... Rest explained in the chart... Plan your trade accordingly...!!! Take care & safe trading...!!!
Shree Renuka Sugar CMP 15.66 On 21 June, when stock was @ Rs 13, we highlighted how chart is indicating good times for Renuka Sugar is round the corner... Well today the stock is up 20%... No one can time the market.... but when time comes you can surely make the most of it... All we need to do is... - Do our homework... - Identify key...