Reliance Industries Long @ Rs. 1162.0
RIL stock is trading above demand zone and demand is likely to continue.
Last two days gained significantly and followed by a dozi signal which indicate balance of power.
It may open on higher with strong demand on 13 Aug. In options data Rs1200/- looks the only
hurdle to reach the...
Axis Bank Long @ Rs. 660.8
Axis Bank is Trading in demand zone, It can be Long trade at Rs 660.8.
This price have shown demand in Jan 2019 also. disverange is also observed.
on Options side only hurdle is Rs 680 after that Rs720 is next hurdle which is also
supported by price candles. Rs 680 will work as resistance to reach...
As per analysis we expected COLPAL to breakout of channel earlier however it continued inside the channel i have included the link for the same idea below , now it seems to be another chance to up movement / channel breakout if it closes above the entry line indicated in the chart in the day candle
DISCLAIMER : All the articles posted are for analysis purpose...
This analysis is purely based only supports and resistance...
There are support lines are drawn S1, S2 , S3 in monthly time frame.....
As per the drawing and my view, Nifty will move down further as per drawings.. also note once nifty break down @ level of 10730 there is high chance for huge fall or gap down expected till level of 10380...
May be this targets...
UPL Long @ Rs. 573.15
Entry 573.15 or CMP
stock is trading in demand zone which was respected in current index downfall , looks safe at this price level,
can be hold for the short period of 2 weeks.
Reliance Industries Long @ Rs. 1184.2
RIL Broken the demand zone in the recent selling pressure but respected the immediate below level, Now it can be buy at 1184.2 for the Target of 1259.75 Rs 1260 is Strong Resistance observed in CallPut data.
Tata Motors Long @149.7 ,Stock has shown very good support at 149.1 to 152 previously, at current price
RSI is at 39, candle bars are small , so downside seems to be limited. OI on july expiry call side added at Rs 150
level so once it will come below Rs 150 but not expected to come below 145.
Target for short term are as follows. Buy Delivery mode.
Entry 149.7 ...
LT is in a clear falling wedge formation which is a reversal pattern and can break to the upside at any time. Traders should go long after 1422 levels are broken. If 1388 has is broken down then no trade
Target 1 - 1471
Target 2 - 1514
Target 3 - 1538
This is a pennant formation on the 60min chart. It has clearly rejected price at 269 levels. Very strong bearish candles at these areas suggest that more downside movement can occur. Traders can go short at the trendline break at 262.55 level. Targets are mentioned clearly on the chart.
AshokLey is at a very important levels on the weekly chart as shown in the chart. Upward move is expected. But if the price breaks this 74 levels then further donmove is expected in the coming days. Both stochastic and RSI are in the oversold zone.