Nifty 50 tested the previous resistance at 11700 and breaked the resistance. Tested the support at MA9 on Daily Chart and again break the resistance at 11700 which is a perfect Buy and the Target is 11980-12000.
Hare Krishna!.. Happy to Sell when everyone buys... Good Luck!
Whirlpool has remained in an accumulation rectangle zone for almost a year preceeded by over 2 years of bull run. The scrip has seen some supply that was absorbed and has been followed by a relatively higher volume breakout on the weekly charts. There appears to be strength in the uptrend. Longs may be initiated on dips (closer to EMA 9 on the weekly charts)....
Bajaj finance continues its bullish trend. Accumulation led to a Flag Breakout. Consolidation at Flag is progressing within rectangle. Morning Star formation shows a bullish reversal may be forthcoming. If the next candle opens in the green, higher levels should be expected. Stop Loss should be maintained @3820.
Swing Trade with horizon of about 3 months. Target: Rs. 2200. Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200). Support is seen at Rs. 1920.
Bank Nifty appears to have completed its consolidation below the 200DMA and closed above the resistance with a bullish breakout above the triangle. RSI(14) indicates a build-up in strength. Target: 30800 SL: 28500
Maruti completed a bull phase with supply seen in the 8450 - 10000 rectangle zone. The scrip appears to be breaking out of a year long downward channel move on the back of rising demand as seen in the volume with reasonable accumulation. Stop Loss: 6650 Target: 8450
ICICI BANK 415 TO 459.90, NOW TIME TO BOOK PROFIT IN LONGS, AND SHORT IN RANGE 455-460 WITH STOP ABV 462+ FOR DOWNSIDE 449-442,438 ICICIBANK SUSTAIN ABOVE 460+ MORE UPSIDE CONTINUE.
Bharti Airtel is breaking it's range (~340-380) slightly due to speculative/news based buying which doesn't seem sustainable. Short orders can be placed if it dips below 375 for targets of 340-335. Also, all the news channels seem very bullish on it which according to my experience means there's a high probability it will fall.
setup looking to dive by the nose .....
11400 TARGET HAPPY TRADING :)
Nifty is in ascending triangle pattern, which can give movement if it breaks the black line and closes below 11385 and it will go up if it closes above the red line and closes above 11395. According to technical analysis and pattern, Nifty is showing a positive trend today. Targets are 11415, 11440.
Since Nifty is in a shorting pattern, it will move down once it closes below 11355 Targets are 11340, 11320. 11304.
Nifty is in a falling wedge pattern, Nifty will go up if it closes above 11375. Trade accordingly. Targets are 11390, 11420.
that trendline (red) is last resort to bulls ... if this breaks ..#banknifty will go for a plunge . ..with profitable quater for banks, i belive it will retain & jump from here .
Cup and saucer formation is underway on the daily charts of Ujjivan , Time to buy and saddle up Buy 3 Lots at the following Price 1 Lot - 288 or CMP if it falls below 284- 280 - Pick up one more lot 3rd lot pick up at 260 Stop loss 253 Target Price - 375 1st target 325 2nd target 375 Time frame - 22-25 days
Hare Krishna! Selling here Looking to close with small profit by end of the day Good Luck