NSE:TATAPOWER went to resistance level and retraced nicely. CMP 84.50 Sell below 84 Target 79 / 75 However I feel that a fall below 78 can be fatal for the stock
Observations from the chart - WTI Crude trading in up trend channel since last 1 month - 20 day EMA crossover above 50 day EMA and 200 day EMA - 50 day EMA crossover above 200 day EMA Based on the observations we feel: WTI Crude to be in positive territory & If channel trade is to continue there seems to be good opportunity to go long for target of 54-55...
Sun Pharma Last time when stock was at 482, we were not very confident for a big move past 505. The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better. After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459...
Wockhardt CMP 722 On hourly charts the stock is giving a breakout.... - the stock has good support at 676 - 657 zone - upper side target at 780 + in short term Things look interesting on medium and longer term charts Medium term And on a longer term chart Interestingly the stock has respected levels of measured parallel channels... :-) Can be looked...
Notes on the chart. Its a counter trend trade so the risk involved is anywhere between Moderate to High. Hit like, comment and follow. Trade safe, be healthy. Regards Bravetotrade
Titan is making H&S pattern at the peak of its uptrend. Looks to be a good case of probable trend reversal. Once right should is complete titan can go as low as 520. Apart from H&S pattern Titan is also making bearish triangle pattern, making lower highs while not making higher lows. Once the triangle is broken on the bearish side it will complete H&S pattern...
IRB Infrastructure CMP 238 We have tracking this stock for a long time now since 19 June 2017 when the stock was at 228. We waited and waited patiently for entry opportunity and got one on July 3rd at low levels. Identifying important levels and then just acting on it when it comes makes the trade decision simple and more rewarding...!!! Now reaping the...
BSE:MOTHERSUMI has taken resistance at its upper resistance trend line. Stock should take correction from here CMP - 355 Short below 352 Target - 347 / 327
CMP 273.80 The stock has an important support around 268 Momentum might be seen on sustaining above 276. The stock can be looked for target of 282 / 286 on the long side Take care & safe trading...!!!
Bank Nifty CMP 24135 Observations - Trading in consolidation channel - Trading above 20 min and 50 min EMA Breakout above consolidation channel will lead Bank Nifty towards 24400 Buying may be considered in 24140-24080 zone Stop loss at 24000 on closing basis Take care & safe trading...!!!
Ashok Leyland CMP 112.20 Levels are mentioned in the chart In case it is not readable on chart.... 108-113 - Accumulation zone Target 128 /133 in 2-3 months In the current set up, momentum might be seen on sustaining above 114.5 On the lower side the stock also has very strong support at 97 odd levels Overall stock looks good on chart. Take care &...
DR reddy Cmp 2343 The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days. Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support Target 2450...
Notes on the chart. Have a look at posts in the comment section, may be they can help. Trade safe. Hit like/comment. Regards Bravetotrade
Tata Steel CMP 649.8 On hourly charts we observe a neat channel trade Currently Channel Support comes around 642 Target comes around 672-674 There is also 20 min EMA support at 646 Ideally the stock should hold channel support, however, in case we see break of channel below 642 then stock can fall up to 618 / 600 levels Plan your trade...
Looking forward for buying on channel bottom after bounce. PS: Wait for the bounce confirmation. So keep watching!
Hello traders, As can be observed from the chart. The stock pulled back exactly 38.2% of the previous bull move and retraced. In my previous post this retracement was interpreted as an ABC type but as the price action unfolded it appeared quite more than that. The stock made a nice move and faced resistance near 200 odd levels. Currently it seemed to have started...
HDIL CMP 88.40 The stock has seen some correction from 94 odd levels Holding 89-87 zone (buy zone) the stock can again aim higher for targets of 93 and above that 100+ A close below 84.80 on closing basis should be considered as Stop loss Do review your trading plan and plan your trade accordingly...!!! Take care & safe trading...!!!
Hello friends, The stock of Just Dial appears interesting and is at support levels we may see a recovery soon. The app has gone recent transformation and introduced pay feature which will be beneficial for the company in long run. Available at decent valuations. No strong technical indicators though RSI indicates highly oversold