AMBUJACEM Looks Weak Broken Uptrendline todayAmbuja Cement looks weak and has broken UP-TREND line today with 1.6X its average Volumes. Look to Sell AMBUJACEM only around 264.35 with SL 268 and TGT 255.5
Both Short term and Medium term outlooks for the stock are bearish.
Go Short only around 264.35 as CMP is 262.7
Mjstocks
AJANTAPHARM: Buy Above 1525, SL 1480 TGT 1620Ajanta Pharma is in a Up trending Channel. With recently touched the lower end of the same, with bounce back. Potential to touch upper end of channel.
Can Buy AJANTAPHARM above 1525 with SL of 1480 and TGT of 1620
SL is on Closing basis. Intraday Volatility should be ignored.
Monthly Resistance is at 1660 (can wait for 1-3 Months for Monthly Target to be achieved)
RISK BUY : JETAIRWAYA AROUND 786 for Target of 875 AND SL 760Can Buy JETAIRWAYS with Tgt of 875 and SL of 760 on CLOSING BASIS.
The stock should close below 760 for the SL to be considered. Intraday Volatility is not considered.
ADANIPORTS about to Breakup/Breakdown TriangleOne can look for either a breakout or a breakdown in ADANIPORTS and then trade.
Since a long term trend line is broken, the next trading day would possibly give either a breakout or breakdown in the stock, the same can be traded with stoploss on trend line. NSE:ADANIPORTS
JETAIRWAYS strong above 832.2 Weak below 832.2We can consider going long on JETAIRWAYS if opens above 832.2 with SL 832.2 and tgt of 888.
or -- Go short if opens below 832.2 with tgt 786 and SL 832.2