ZUARI Global Might See UpsideZuari 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.
Indianstock
Adani Ports Double BottomA double bottom is formed on Adani Ports which looks like is breaking today. A successful break will lead to good upside
IGL can move above 950IGL is moving up with strong upside, most likely it'll touch minimum TGT of 960
MCLEOD RUSSEL Clean Divergence BreakThere is clean resistance Break on MCLEODRUSS along with divergence. A good upside can be expected ahead.
Atlas Cycle Ready For Long Term InvestmentOn 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
ApolloTyre Buy Setup!!ApolloTyre is giving a Buy Setup for Wave C rally towards 210 levels.. Stoploss can be around 179. Should be a nice risk reward trade.
Nifty Potential Buy Setup!!Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would stand wrong and Nifty probably is making some other pattern which needs further analysis.
AxisBank Buy Setup!!Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..
Another entry point in DHP IndiaDHP India has been consolidating since the previous post about this (links attached). However, it seems poised for a breakout now leading to a move above it's all time highs. The SL remains unchanged.
Another long opportunity in BELBharat 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.
Copper Road Map!!Copper is a buying opportunity upon 50 to 61.8% fib retracement levels around 2.085 levels with stoploss just below 2.06 for targets of 2.15 / 2.20. This could turn out to be a correction or the start of a new rally.. Price action would give more details.
Happy Trading!!
JustDial Correction Completed.. Buying Opportunity!!JustDial's correction is potentially completed which also retested the breakout trendline around 78.6% fibs. One can go long on the stock at current levels with Potential Start of 3rd Wave Rally which would take the stock higher and at a faster pace. Short terms targets are around 750 and longer term targets are around 1000 levels and more. Details are on the chart. Its just my view and not a trading call for anyone.
Happy Trading!!
Siraj Hudda, CFTe
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