Deepak Fertilizer: Plain simple chart analysisDeepak Fertilizers
One may look to accumulate the stock at cmp and on dips towards 485 from Medium to Long term perspective.
Momentum may come once it crosses above 580 odd levels.
Take care & safe trading..!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
NIFTY-BUY
Nifty: On expected linesNifty first instance has taken a fall from the opening levels.
Again if you see the chart we see it respected 21 day EMA.
In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140
The same has been updated in my yesterday's post at 9:34am.
Now Nifty needs a close above 18244-18262 odd levels on hourly candlestick basis...
We wait patiently and let's see what we have got in store now...
Powergrid: Will it power its way to 231 / 238Powergrid
The stock seems to have sustained above its crucial resistance level at 218
Now it has a clear path towards 231 / 238
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Aurobindo Pharma: Chart set up and trading strategy
Observations
- Line of Support at 680
- 20 day EMA and 50 day EMA around 668 and 664 respectively
- 200 day EMA around 728
Momentum may come once the stock gives a close above 728 - 740 zone
20 day and 50 EMA might provide Support
Trading strategy:
Given the set up, one may consider
Selling Aurobindo Pharma 28 April expiry 680 Put option currently around 26
The strategy has a 12% yield potential and provides protection against loss for a fall up to 654 till 28 April 2022.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Sun Pharma: -Starring at the Sun 🌞 Imp. Sup, Resi & TargetSun Pharma
Important levels as per Technical Analysis
- stock is consolidating near previous top
- potential 20 day and 50 day EMA support at 883 / 861
- probable trendline resistance near 936-942
- above line of resistance, doors open up for a breakout trade potential & target of 996 / 1018
Plan your trade accordingly
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Tipsyou can buy nifty on 17800 levels there are three reasons to buy on this level first 17800 is psychology lever second last life time high level and third reason is fib level so you can buy on this level with stop loss over 40 point and target is 110 point so you can earn much batter return on this pattern
ONGC: Opportunity for re-entryONGC
Last time we gave a target of 128 / 136
The stock did an exact 128 and has now retraced to 120 odd levels.
As observed in the chart, at current price, the stock provides another opportunity to enter.
Target 136
Pattern gets invalidated if closes below 114
Take care & safe trading...!!!
Is Nifty setting up for 13240 odd levelsNifty 12771
- Nifty had a 166 point drop today
- as of now it does not look like the end of bull ride but just a pause....
- chart set up still suggests that it has unfinished business & has doors open for a move towards 13240 odd levels in short term
- minor resistance at 12830-12874 levels
- support at 12630-12572 odd levels
- pattern gets invalidated if weekly close is below 12430 odd levels
Take care & safe trading...!!!
Disclaimer :
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
NILKAMAL POSITIONAL TARGET 1950 (55% UPSIDE)!!NILAKAMAL IS BREAKOUT OUT OF RANGE AND STRONG UPMOVE IS VERY MUCH LIKELY
WAIT FOR 1245 LEVELS TO ENTER FOR TARGETS OF 1350 AND 1490
STOPLOSS 1130
EVEN IN SHORTER TIME FRAME ITS GIVING A FLAG BREAKOUT
LONG TERM TARGET IS OF 1950
DO LIKE AND FOLLOW IF U AGREE WITH THE IDEA!!
ONGC: Chart set up & strategyONGC
Closing Price 85.75
- Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective.
- Momentum might be seen once is pushes past the yellow trend line
- Target for the set up - 103 / 115 / 133
________________________________________________________________
Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option
around 3.5 - 4.2
Lot size 7700 ( Lot size has increased from July series)
Maximum profit potential Rs 26950 / Rs 32340/ - per lot
Yield potential 8.5% - 10.3% till 30 July 2020
In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
Wave-Projetion on NIFTY for "Swing Traders"...!
50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop loss 8700.
Actually I don't prefer to give both side trading levels, but above all levels are my planned to read and I am going to disclose with you. I will update if I take a position at any of the above plans.
Note: minor channel is not varified, its only random prediction.
Remember L&T @ 798L&T
CMP 909
This is what was recommended on 7th April
We cannot time the market, but when time comes, we can surely make the most of it.
The stock has given a nice 14% jump in a week's time. Hope u guys enjoyed the journey.
Do note Profit booking has been recommended at current levels....
Do follow for more trading ideas...
Happy trading... !!! :-)