Sun Pharma is now at a multi-year horizontal - SR level .
You can see the levels go back upto 2013 which make them important.
Fellow traders are suggested to trade as they decipher this chart in their own way .
Cheers !!
NSE:BERGEPAINT
From around 10 in 2008,
the stock has shown a very steady trendline to around 260 in 2016;
returning 2500% in 8 years.
Now we see, that the stock is falling below such a significant trendline.
Long-term investors can look to enter the stock at ;
1. when the monthly closing is above the trendline.
2. if at all, it reaches the blue line, it...
The stock has formed a beautiful channel with multiple alternate touches on both sides. It seems gathering energy for rapid move. A long is recommended at this point with stop loss just below of low of today's bar. Target 470 and thereafter on breaking the channel 510. Even for the first target of 470, the risk to reward is quite good. Good Luck
Lupin is in major bearish trend & with a target of Rs. 1211 in coming month.
Some one having positions at lower levels to book profits & re-enter at lower levels.
The stock has formed a beautiful pole and gave breakout today after 8 days of consolidation with good volume. It fulfills all the criteria for a valid FLAG (Pennant) pattern One can enter long for a target of 1010.
Ascending Triangle on TATA Motors and will break the top line of the triangle. Indicators like RSI, MACD & Stochastic are showing bullish sign.
Trade:
Buy above - 483
Target 1 - 499
Target 2 - 516
Stop Loss - 467
Reward Points - 33
Risk Points - 16
"Happy Trading"
Ascending Triangle on Nifty and it will break upside. Its a levels to reach the high target of 8275.
NOTE - Short term levels.
Level 1 - 8154
Level 2 - 8189
Level 3 - 8213
Level 4 - 8241
Level 5 - 8275
- Happy Trading
Ascending Triangle on Bank of Baroda and it will break for upside movement. Indicators also showing bullish trend and last 2 hours of previous day volume is high. I am expecting the price may have gap up.
Trade:
Buy above - 152
Target 1 - 154
Target 2 - 156
Stop Loss - 150
R : R = 1 : 2
Reward Points = 4
Risk Points = 2
Long Lower Shadow candlestick pattern and OI analysis also positive sign for Long.
OI Analysis:
Price - UP
Volume - UP ( +17 lks volume high compared with previous day traded volume)
OI - UP (+30 %)
Market - ** will update on trade day**
Trade:
Buy abv - 1147
Target - 1167
Stop Loss - 1130
Reward Points - 20
Risk Points - 17
OI Analysis:
Price - UP
Volume - UP (nearly 2 lks high from previous day)
OI - UP (+11.70%)
Market - ** will decide on 27th dec**
If market is positive, then Jublfood will fly to heaven (otherwise) fall to hell when market is negative.
Trade:
Buy above - 797
Target - 809
Stop Loss - 787
Reward Points = ...
Its been observed that gold have breakout from the symmetrical pattern. One can look for buying opportunity to buy above 1138 for the target of 1150-1154.
OI Analysis:
Price - UP
Volume - UP ( last 2 hrs )
OI - UP (+17%)
Market - (let see on 23/12/2016 - if nifty positive then will hit the targets)
Conclusion - Bullish
Strong Support - 1111 ( 3 rd times bounce from this support level )
MACD - Bullish crossover on bearish trend (below 0 level) but histogram likely to move above 0 level, its...
