Description on the chart itself. Happy trading Regards Raj
After the last idea of the confluence of supports, Nifty seems to be holding up with a retest of the previous day's lows. Now, will it do the top of the channel?
Relaxo seems to have broken out of it's downtrend and has completed an a-b-c correction. It can be longed with a stop below the 0.618 fib with a target of an all time high.
Confluence of supports. Buy with stop below DL today. Strict SLs.
Long near 244-243 with a stop below 241 offers good RR for a bounce in this counter.
Bullish on holding 8700 support, bears will get active below 8660 for a move towards 8600. sustaining 8722 then momentum on upside for 8800/882
Wait for BO, once is sustains ... T1 52 T2 Sky is the limit.
Tata Global has broken the downsloping trendline and broken out .. but but but ... needs to close above 150 and sustain - and since its a Weekly TF ... could be time consuming as well as itchy to wait and watch ... Once above that levels, expect it to move to 162 odd levels with some small stops and retracements in between.
Good support area with Sl pretty nearby. A good RR long here imo with 156-162 possible.
7700 - 8850 is the range in which we are locked.. we can play with strict sl in this RANGE(see earlier 2 posts) ..bcoz if that is broken we may touch T1/T2
trend line support Nifty continue to hold gann trendline
CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart. Happy Trading!!
IRB is giving a good buy setup on the weekly charts. After consolidating for a long time IRB is breaking out. Its a nice risk reward trade.. Buy & Hold IRB for a target of around 350 wil Stoploss of 200. Happy Trading!!
PCJEWELLER is opening more and more new stores which help them to gain movement in market. The fundamentals are strong. The near support is available at 415 and resistance at 460. GO LONG with pcj. If it gives breakout near before such level it create new highs for investors.
ApolloTyre has given a Breakout from its Correcting Trend Channel Indicating the upmove has started and confirmed on the upside.. One can go long the stock at current levels or on some corrections retesting the breakout levels around 170 with Stoploss around 152 and long term higher targets of around 270/290. The Third wave has just started and may or may not give...
NIIT Tech is potentially giving a reversal after an ABC correction with in the trend channel. One can go long now or upon the break of the down trendline as shown on the chart for a target of around 500.
USDCAD is giving an ABC correction and I would expect it to rise towards 1.3400 level as Wave C of the correction. Details are on the chart.