HDFC bank amoung the heaviest weights of bank nifty has triggered a bullish downside levels mentioned, Stoploss will be todays high
Weekly trendline resistance shows Bank Nifty cannot surpass these levels and will retrace FIB. levels. Weekly expiry sets off tommorow, so book your profits today and enter short positions tommorow morning as there will a gap up opening 28200-28340 will act as support areas.
Confirmed entry Enjoyable risk to reward ratio levels mentioned in the chart
JPASSOCIAT has been doing terrific lately. From the looks of it, it is just getting started! This stock has been in a sustained downtrend followed by a long consolidation. It is finally looking to break out on the upside by a big margin. The short term target is 24 at least. Medium term 40. Long 50 at least. We may want to look for a slight correction only because...
TATAPOWER -1.51% has been trending in a nice channel. 82 seems to be a good level to go short for a target of 80. This is also the expiry week so the next four days present a lot of opportunities. This definitely seems a good one for a leveraged trade. Also, the general sentiment is turning negative or at least neutral for highly positive. That adds to the...
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
Zuari Global broke resistance, retraced and resumed upside. Since it was not already in uptrend the upside should be considered as weak for time it confirms itself as strong. Minimum TGT of 112 is expected with trailing SL starting from 98.
A double bottom is formed on Adani Ports which looks like is breaking today. A successful break will lead to good upside
On monthly chart there is good breakout on Atlas. Looks like it is ready for long term investment. Conservative TGT can be assumed as 622 but trailing SL is recommended
Tata Steel prices may form "Symmetrical Triangle" which could take prices to trade higher till 425-430 by next month. prices may take immediate support near 375-370. Price have also form "Bullish Divergence" which also supports the prior view.
Axis bank, Price in axis bank has been falling since 640 or levels and corrected almost 30% from its recent peak. prices may trade higher till 540-570 but only after trading and sustaining above 460 with immediate stop loss of 420.
ICICI, we have seen that price are trading in strict range between both the bands. Price are likely to trade higher till at least immediate resistance of 270. One can take risk because It has also seen Positive Divergence in stock. Discloser : trade on your own risk
ITC, One of the biggest FMCG in India. Prices have form Bullish divergence and it is expected to trade higher atleast till 260-265 levels. Moreover, prices might also form "W" or "Double Bottom" pattern which indicated that prices are expected to trade higher till 260 or levels. Disclouser: Trade at your own risk.
Expecting that, "Bullish Harami" pattern could lead prices to break the downward sloping trendline. Price also to get support from RSI where it is breaking towards up from 30 levels. Prices may trade higher till 724-745 by next month.
Hero moto gives clear breakout from its descending trend line while it also gives RSI divergence. Go LONG
Bharat Electronics has completed an A-B-C flat correction (refer to the link attached of previous post on BEL) and is headed for all time highs. If you missed the first long opportunity, then can enter again.
Seniors Tech Analyst, Please let me know can we call it a Channel Breakout? Even the latest candle has just crossed 200 Day Moving Average. Waiting for the suggestions from Seniors. Thanks.