SBIN Took support from multiyear support trendline and is ready to touch 650+ levels. SL of 40 points for RR 1:3
Sun pharma is moving in multi year Channel, long at supporting trendline Nd short at resistance Trendline.
Tata Motors has broken out of an Symmetrical Triangle after consolidatiing for more than an year. Possible Targets of 600 with small SL of 30/40 points. RR 1:3/4
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Resistance - 1600 Target - 1400 Puts @ IV of 28% (relatively cheap) Bear Flag already in play - wait for it to come back to the 21 to short Other factors - below 200 DMA, bearish momentum and similar moves in the past Stop loss - 70 (cost of the put) + Time stop is 30 days (mar expiry) Other risks - Market becomes extremely bullish
Due to Gapup opening Call Premium are high and thus attracting CALL writer to eat premium...BankNifty Major Stocks are in Good Momentum...We are expecting a Sideways to Upside in Current situation...Important levels already given... :) **** educational****
BUY - REC LTD CMP - Rs. 115 Target - 1: Rs. 135 Target - 2: Rs. 162 . . Technicals - Cup and Handle Pattern nearing breakout . . Follow me for more!
* Momentum to the downside with alll the loving average on top of each other * Momentum is trending lower with a squeeze taking it below 1900 very likely * IV is quite low (25%) for this stock and hence the put sellers could panic is the stock goes below 1900 selling aggresively * Stop at 2050 and a target of 1800 (if and when 1900 is cleared)
dont trade at this levels for big targets, jo mile leke nikal jana. targets consolidation area ka top bottom rakh sakte ho lekin capital bacha ke rakhna and also we might see the movment around 1.30 or 2.30
Banknifty getting resistence at 45 ema once it close above it we will see a good up move
BUY - KSB CMP - Rs. 2053 Target - 1: Rs. 2400 Target - 2: Rs. 2600 . . Technicals - 1) Cup and Handle Pattern 2) Targets set using Fibonacci Retracements . . Follow me for more!
As nifty is expected to go below 17300 on March 13 Market opening - NTPC could be a winner Close to life highs, very strong buying / switching from high beta stocks IV is very low (14%) and the call sellers could panic when the stock goes above 183 (life high) - this has been tested once already Keep stop at 172 - which is the logical resistance and expect...
BUY - JK PAPER CMP - Rs. 384 Target - 1: Rs. 407 Target - 2: Rs. 464 Target - 3: Rs. 532 . . Technicals - 1) Stock is at Support in a range-bound market(short term) 2) Harmonic Pattern - Navarro 200 . Comment: 1) Historical performance indicates price will consolidate before reaching Target - 3 2) This means that Target - 1 and 2...
BANKNIFTY has broke the upper trend line. so next resistance is 45 ema. once it cross the 45 ema think only for the longs.
BUY - KALYAN JEWELLERS INDIA LTD CMP - Rs. 115 Target - 1: Rs. 132 Target - 2: Rs. 160 . . . TECHNICALS - Triangle breakout . Comment: Target - 2 will be achieved in the medium term. . . . Follow me for more. . . . This chart is for educational purposes only.
INTRADAY CALLS 🔹🔹🔹🔹🔹🔹🔹 BUY EXIDEIND 177.5CE AT 3.40 SL 3.20 TRG TRAIL 👍 it looks good for multi support technique
BUY - INDIAN ENERGY EXCHANGE CMP - Rs. 152 Target - 1: Rs. 172 Target - 2: Rs. 196 Target - 3: Rs. 246 Target - 4: Rs. 301 . . . Technicals - Ascending Triangle - Chart Pattern Bullish Harmonic Pattern . . Follow me for more! . . . This post is for educational purposes only. Invest at your own risk.
* Touched the trend channel and now turning lower * Will test the low of 39500 before a bounce back - that maybe a place to take some profits * 39000 can be taken out as all components - HDFC, ICICI, SBIN and Kotak are showing breakdowns below key levels * Will have intermitten boucne backs - however those have to be sold * IV at 14% is still very low given the...