As per my wave analysis.. I will be taking the longer trade at 200 levels with Targets : 270.
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.
ESCORTS surpassed with High Volumes today on NSE close to 5.60 times its average trading volumes. Its a Medium Term Buy in CASH at 855 and Stop-loss of 800 with targets of 1110. Trade with a timeframe of 6 Months - 8 Months.
KSCL broken down with close to 3 times its avg volume today on NSE with OI close to 70% qualifies SELL @ 489.1 with SL of 500 and Target 1 at 473 and Target 2 at 455.
As per my wave analysis..
As per my wave analysis..
As per my wave analysis.. Short term : Prices can go up to the Green TL, only to come back down to around 2700-3000 levels. Medium term : Buy low at around 2700-3000 levels, when we get the reversal signals, target 5400++
As per my wave analysis..
As per my wave analysis..
As per my wave analysis.. this is my view.
Federal Bank Looks a good Shorting Candidate as FRESH FNO Shorts initiated today. Look for Targets of 96 with SL of 106. CMP: 102.15
Buy only on BO of the blue TL as well as prices should stay above the BO price. Looks good stock to invest. Although it is in a DTF Correction, as soon as this present trend ( blue TL ) breaks out and stays in the up direction, we have prices crawling ( very slow movement) towards 1000+ levels first. I repeat it is going to be a slow up move - but it looks good...
Long term descending triangle in progress for BHEL. All details visible in charts for short medium as well as long term. A trade/investment plan can be articulated accordingly.
Ajanta 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)
One can look to Buy FINEOTEX CHEM at 41.55 for a target of 46.40 and stoploss of 39.40 Please buy only around Support of 41. The Stock has broken out on Multi Time Frame Resistance of 41.45. Buy around 41.55
On Daily, 4 Hour, 2 hour, all timeframes, E-mini doesnt seem to have exhausted at all. Close below 2662 can be the first sign of exhaustion...
Go Short on RAMCOCEM as its formed bearish engulfing. AND cracked OBV shows that major players have sold the stock as it was range bound since few days. Short RAMCOCEM at 705. Target 695 with SL of 710
the look on nifty on a 1hr chart shows the intraday and swing possibilities, all explained in the chart. Good luck.