Spicejet
In the short term the stock has the potential to move towards 95 /102 levels.
In medium term there is a risk of stock seeing levels of even 60-65
However In the longer term, if level of 58 is protected, the stock can once again fly higher towards 160 / 220 levels
Plan your trade accordingly...
Take care & safe trading...!!!
Jet Airways
CMP 275
In the current set up stock has the potential to rise up to 360 / 400 levels.
Important for the stock not to breach support at 260-266 zone. At current levels the stock provides good risk:reward ratio to go long.
Be cautious & exit Below 258 as that will indicate risks of stock going down to even 220-196 levels.
Take care & safe ...
Everything is mentioned on the chart. Initially it gave us a breakdown opportunity from the trend line, which I missed. Now, for long it has to come more down and it may take few trading sessions. So, we have much time and also not sure whether the trade will be active or not. It's like I am flying in the time machine :) Hope, for the best.
Bajaj finance has had one of the best bull runs i have witnessed in the last few years, The stock has broken into new highs and there doesnt seem to be a stop on the horrizon for this stock or is it coming. Fundamentaly company is great and has had excellent earnings but that doesnt say much in terms of Stock Price. It is trading at over 58 P/E multiples and the ...
As can be seen the price has been trading above the Cloud on a weekly TF which means the stock has entered a long term bull market. With all other indicators (A/D line, Other Ichimoku indictors, Moving averages) pointing to be on the long side. The stock can be bought on dips at the Tenkan and Kijun levels in small quantities.
Happy trading / investing
Regards ...
LT has traded with volumes more than 6 times its average on NSE today with Total gain of 6.82% on closing basis. Stock is in Uptrend now with Gap-up opening today. Fresh Longs being built up today on LT.
Tomorrow will be an opportunity to enter the stock preferable around 1315 levels. I have mentioned an entry at 1317 with Stop-loss on closing basis below 1300 and ...
Reliance Industries Ltd currently trading at 1203.75 spot as on 17th Aug 2018.
After reaching its 52 week high at 1231.7 on 9th Aug 2018, The stock made a possible pullback (low at 1182.7) and currently trying to break on upside. Price is making higher lows considering the previous rise (from 1112.5 to 1231.7) followed by pullback (1231.7 to 1182.7) and ...
BAJFINANCE (Bajaj Finance) Buy at 2765 with Stoploss of 2720 and Target of 2900.
BAJFINANCE is in an uptrend for a long time now. A Slight retracement is possible but the stoploss has to be kept on closing basis. Formed a Maribozu Bullish and ENGULFING BULLISH.
Trading has to be done after confirmation from your financial advisor only. We are NOT SEBI registered ...
AXIS is at a very critical point. Axis is standing at a very strong resistance point in daily as well as weekly charts. Its high on RSI and has shown the price reversal on Friday honouring the resistance point. Check out the charts and get ready to mint some money
SELL Trade Setup :
Sell AXIS if opens below 613 or goes below 610.
SL - 626
TGT - 570, 545, ...
