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Trade setup for ZEELYesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock and can move 5-6% in intraday, sometimes even 7%. There is a high probability that this stock will move on back of high volatility tomorrow as it is near the lower part of the price channel. But if not tomorrow, it will most definitely move in the coming 2-3 sessions and with even higher momentum, so 5-7% returns can be expected intraday. Let's see and let us respect market and let it do its thing and we should do our thing of reacting to it. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:ZEEL
by inteliigentrader
Resistance Alert !! TCS at Crucial LevelThe zone of 2270-2320 is strong resistance zone for this share. The stock is moving strong till now but this resistance can halt it's run. The resistance is tested recently so much so by the stock that it becomes a self fulfilling prophecy. However, this time looks different. The Nifty IT is only sector which has posted good results as a sector in this pandemic scenario. Any sane investor would place it's bet on IT in current scenarios hence there is a high probability that this resistance will be broken this time. Post which sky is the limit for TCS. It can see an extended run. There may be short bets in a supply zone into which TCS is headed which may cause disruption in the upward momentum. This have to be closely observed. Long Term investors can buy the stock at current levels(if they wish to) whereas traders will have to wait and watch the action before placing their calls(long or short). This(just like my other ideas) is just an opinion of the stock based on my analysis. Investors/Traders should take actions upon their conviction.
NSE:TCS
by shaleenbansal