Castrol Can be bought around 162-165 Levels.
Reason:
Price is trading near the lower end of the downward channel and a Strong Bullish Weekly Closing above 23.7 % Fibo Level.
Stop Loss : 152
Target 1 : 190
Target 2 : 200
Very good Risk to Reward at given entries. Pull Back is Expected after last Week's Straight Run with Nifty.
Patience is your Friend,...
Positional View.
Other Details Mentioned In Chart.
Risk Reward Favourable.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
M_MFIN LONG
The stocks is in positive trend on monthly & weekly charts
It's at Pivot point and at peak zone of Volume profile on daily charts
There is divergence in price and MACD/RSI on daily charts when the double dip happened in May and early July
It is about to break the down-trending channel and risk can be Friday's low
EXIDEIND has traded with more then twice the average quantity on NSE with change in OI close to 18%
This is currently trading above ichimoku with price crossing upper Bullinger band.
Signifies a BUY at 271.8 with Stop-loss of 265.7 and Target of 281.45
BAJFINANCE is a buy as its near Support zone. Buy BAJFINANCE at 2295 with stop-loss of 2245 and Target of 2395.
Consult your technical/financial advisor before buying the stock. We are NOT SEBI Registered. Any calls taken on technical analysis are subjected to ownership of yourself.
Yes Bank - analysis of probable ranges valid for at least 4-5 days.
Apologies for the rather cluttered chart but it has a lot of information if you have the patience to study it.
Also refer to my earlier chart:
SREINFRA buy at 64.10 with Stop-loss of 61.80 and Target1 at 67.65 and Target 2 at 70
Today on NSE, SREINFRA is trading with 4 times its average volumes and HAMMER CS pattern
APOLLOHOSP has broken its recent downtrend line and closed above the line. Signifying renewed interest in the stock coming in as volumes are double and the PA covered previous 3 days downfall.
Buy APOLLOHOSP Above 1029 for Target 1 of 1059 and Target 2 of 1086 with Stop-loss on closing basis of 1015.
Please consult your Financial advisor before taking a call on this.
IDBI resumed Fresh shorts today on NSE. Indicating stock is unable to cross its recent high of 63. Sell IDBI at 61.40 with SL of 63 and Target of 58.70
EURINR is close to its multi month support level and is a good buy with a better risk to reward ratio.
Buy EURINR ONLY AROUND 77.83 (CMP: 78.135) with Stop-loss of 76.94 and Target 1 at 79.30 and Target 2 at 81.20
Please Note!!! Trade the script only after consultation by your financial consultant. We are not SEBI Registered and hold no liability for the scripts...
Bank Nifty - Probable Range Levels - 4th-8th June
Personally I think it is headed down. However, if it does go up then the support and resistance lines can be used as a guide to SL and targets.
On the daily charts there is an inside candle. Conservative traders could decide in a trade only after the breakout happens below or above the 31st May candle.
There...
NSE:AVANTIFEED Stock falling sharply. If we see Monthly/ Yearly Pivotal confluence zones, It is somewhere around 1050 Zone. BUt if we take Fibo levels, If stock bounces from 0.618 zone i.e 1450 area, Safe buy would be above 2350 as per AB=CD Fibo theory. Also see how stock found Resistance near Fibo Yearly Pivotal R1 zone.
Also 1 always gets the clue. In this...
Wave-III (based on daily/weekly charts) seems to be in progress.
Sl & Targets - use the probability range levels (blue/yellow lines) or the Fibonacci levels (white lines)
