ORIENTBANK Crashed on NSE close to 11% with Volumes more than 12 times its average and has been below Ichimoku, crossed its recent Resistance level with GAP Down opening an excellent opportunity to go short in the stock.
SELL ORIENTBANK Below 92.6 with Stop-loss of 95.05 and Target 1 at 90.3 Target 2 at 87.95 and Target 3 at 85.6
INDIGO is the BULL-airliner. Buy only above 1342 with Stop-loss of 1332 and Target 1 of 1349, Target 2 of 1358 and Target 3 of 1368. Above Ichimoku Kumo with Volume breakout.
However enter only above levels of 1342.
Mindtree NSE:MINDTREE has gained 10% on NSE with volumes move than 4 times its average, which has also crossed its monthly resistance and weekly resistance on Friday(23/02/29018).
Likely to see further upside from here. Hence a Buy on MINDTREE around 812.75 with SL of 805 and Target of 832.
IDBI surged in trade today with PSU Banks re-bouncing, IDBI seems to be a better option. 5.4% today on NSE with close to 3.5 times its average volumes which signifies returning interest in IDBI. Well above Ichimoku IDBI stands on my BUY list in CASH Market only above 74.4 with Stop Loss of 72.25 and Target 1 of 76.50, Target 2 of 78.70 and Target 3 of...
Colgate Palmolive NSE:COLPAL has lost 3.5% on NSE today with close to 3 times its average volumes. As per Gann Square Sell COLPAL below 1040 with SL of 1048.15, Target1: 1032.25, Target2:1024.30 Target3:1016.35
Siemens NSE:SIEMENS has lost 4.3% on NSE today, well below Ichimoku cloud with Volumes 2.5x of average traded on NSE.
Sell SIEMENS below 1090 with SL of 1199 and Target 1 at 1182, target2 at 1174 and Target3 at 1165
SUNPHARMA has lost 6% on NSE today with Heavy volumes close to thrice its average. Although there are no FRESH Shorts built up over this counter today. Please take a HEDGE position or ask your financial advisor.
SELL SUNPHARMA@530 SL 538.80 TGT 517
SUNPHARMA has broken down on NSE 1.2% with Volumes close to thrice. However there are no FRESH Shorts taken today on NSE over the counter. Hence this is a risky call. You may consider WRITING CALLS or take a HEDGED POSITION on FNO. Any trade taken without consulting your financial advisor is at your own risk.
SELL FORTIS only BELOW 136 with Stop-loss of 140 and Target of 123. Looks good for SELL as its been in a downtrend with higher volumes. Risk is only for 4 vs target of 13
Look to SELL SUNTV @ 906.80 with Stop-loss of 935 and Target1 of 866 and Target 2 of 830. As Suntv has broken cloud with good volumes and there is a possible bounce back in stock. Wait for the bounce to complete and only then take a position. Only take a call after consulting your financial advisor.
SELL PNB PNB at 151 with Stoploss of 156 and Target of 138.
PNG Sold today on NSE close to 9% with Excessive Volumes of 3 times.
Wait for pull-back and sell only around 150-151 with SL of 156 and Target of 138
MGL gained 6% on NSE with volumes more than 2.5 times the average and has crossed its weekly support. Buy MGL @ 1012 with Stop Loss of 995 and Target 1 of 1040 and Target 2 of 1059. BUY ONLY IF MGL OPENS FLAT IF IT OPENS BELOW STOP-LOSS, DO NOT BUY.
LUPIN lost 5.6% today on NSE with close to three times its average volumes making it a good SELL @ 806 with SL of 824 and Target 1 of 755 and Target 2 of 709.
ASIANPAINT: is in triangle pattern. Buy at 1105 with SL of 1080 and Target of 1176 with Timeframe of around 2 Months.
NO FNO Trades. Take it in cash as per calculated SL value.
Today ASIANPAINT traded 1.63 times its average volume with only 4.68% of OI built up which suggests that the down-trend in this stock is fading out. Next Possible support is at 1105 with...
