BEML looks like have good upside left as an investment. Entry can be taken risk is less
ASAL has undergone break in resistance, potential upside looks good, risk is less.
Rsi oversold area divergence on 5 min chart and bullish bat pattern on 15 min chart of Deepak fertiliser stoploss - 255 Target - 278 and 284
BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.
Head and shoulders type pattern on 15 min tata steel chart after nice bull rally buy above - 451.35 stoploss - 443 target - 474+
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
IGL is moving up with strong upside, most likely it'll touch minimum TGT of 960
There is clean resistance Break on MCLEODRUSS along with divergence. A good upside can be expected ahead.
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.
Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..
ApolloTyre is giving a Buying Opportunity with a Short Term Target of around 204 levels. One can keep stoploss around 178 levels for the long positions. This move can possibly extend and go higher but I am giving short term targets keeping the current wave setup as a correction. Any inputs are welcome..
JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond.. Happy Trading!!