BANDHANBANK broke the trend line near to it's support can potentially go up but i am not sure about this because of their earning results and so think it can go down ( 75% chance ) to 225 selling point can be 230
BUT I WILL NOT TAKE THIS TRADE AS RISK REWARD NOT THAT GOOD
please tell me you find any error in this and suggest me stocks that i should analyse
BPCL can move either side.
Chart analysis shows it has broken the support zone and should head down towards 360 levels
But privatisation and fall in crude oil price can push the price up.
Due to coronavirus, the market is mostly based on the news rather than technical.
Upside target of 503
I found this stock was falling from high value almost a year, the fundamentals are strong, this is a good stock for holding. If it bounce back and trades above 823 with a stable candle then the trader can enter into buy position.
After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the...
The stock may face resistance around 200 odd levels and could find some support around 160 levels.
Given the setup one may consider the following strategy
YES BANK 190 CALL OPTION - cmp 8.5
YES BAK 150 PUT OPTION -cmp 9
The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your...