PIDILITE Industries has finally had its head and shoulders pattern broken last week. Its certainly very interesting to look for a good entry and join the 'long' ride :)
TITAN BREAKING OUT OF FLAG FORMATION MARCH FUT BUY@1050 STOP@1032 TARGET@1070-90 LOT:750 QTY:2
ASCENDING TRIANGLE BREAKOUT IN MUTHOOT FIN WAIT FOR A PULLBACK MARCH FUT BUY@555 STOP@544 TARGET@590 LOT:1500 QTY:1
-27 points fall expected (12%) in CHENNAI PETRO within 15 trading days Trade with your own risk
POSITIONAL TRADE IN GRASIM MARCH FUT DOUBLE BOTTOM IN GRASIM BREAKOUT CONFIRMED!! BUY@810 STOP@790 TARGET@830-50 LOT:750 QTY:1
POSITIONAL TRADE IN GRASIM MARCH FUT DOUBLE BOTTOM IN GRASIM BUY@790 STOP@770 TARGET@820-840 LOT:750 QTY:1
POSITIONAL TRADE IN BANK OF INDIA MARCH FUT DOUBLE FORMATION VISIBLE ON DAILY CHART CLOSE ABOVE 91+RISE IN OPEN INTEREST WOULD LEAD TO 100 BUY@91 STOP@88 TARGET@98-100 LOT:6000 QTY:1
SBI is noticing recovering after a big downfall from 307.5 levels. Current recovery may go upto 276.45/280.55/286.45 once it sustains above 272.9. Good to positionally go long in SBI with closing stoploss of 267.2. If it breaks down below 265 again go short for a target of 258/248 positionally.
Stock has made a double bottom kind of formation and stock has bounced back from its major support level of 2580. Stock looks good to go long for a target of 2713/2760/2807/2874 with positional stoploss below 2600. Outlook week to a month.
Good to buy Lupin positional for a target of 788/794/806/812. Outlook 1 week to 1 month. Further upmove is possible once stock trades above 800 levels. Stoploss 750 on closing basis. It has taken support near 753 levels which is its long term support and bounced back. Closing below 750 stock may test 726 levels.
MOMENTUM TRADE IN MINDTREE JAN FUT RISING DOLLAR BREAKING RESISTANCE ON DAILY AND WEEKLY CHART FUT TRADE BUY@885 STOP@865 TARGET@915 LOT:600 QTY:1
NEW YEAR TRADE ZEE ENT A UPWARD CHANNEL VISIBLE CONSTANT BOUNCE FROM CHANNEL BOUNDS JAN FUT BUY@477 STOP@467 TARGET 1@500 TARGET 2@530 LOT:1300 QTY:2
HEW YEAR TRADE NIITECH STOCK HAS FORMED A STRONG DEMAND AND SUPPORT ZONE NEAR 1100-1105 AS PER MY VIEW A SLIGHT GAIN IN DOLLAR IS EXPECTED IN JAN WHICH WILL LEAD TO INCREASE IN NIITTECH HAS BROKEN 1140 AGAIN ON WEEKLY CHART JAN FUT BUY@1155 STOP@1105 TARGET 1@1205 TARGET 2@1250 LOT:750 QTY:1
NEW YEAR TRADE GLENMARK MOVING HIGHER IIF CLOSES ABOVE 692 IT WILL MANAGE TO WEEKLY RESISTANCE WHICH WILL MAKE SURE THAT IN COMING DAYS A TARGET OF 720 AND 740 IS OPEN JAN FUT BUY@700 STOP@695 TARGET 1@720 TARGET 2@740 LOT:1000 QTY:1
SBI LOOKING NEGATIVE WATCHOUT FOR BREAK OF 276 ON DAILY FUT CHART CAN MOVE TO LOWER LEVELS
HAD RECOMMENDED THE FORMATION FEW DAYS AGO WHEN THE RIGHT SHOULDER WAS ABOUT TO BE FORMED SINCE WE HAVE TESTED THE RIGHT SHUOLDER HIGH AND REVERSED I WOULD LIKE TO TRADE THIS PATTERN NOW ON THE SHORT SIDE CAUTION TRADE AT YOUR OWN RISK WE ARE TRYING TO CAPTURE THE TRADE EARLY TRADERS CAN WAIT FOR THE BREACH OF 333 LEVELS AND WILL CONFIRM THE BREAK OF THE...
It has completed its correction and form a base at 1540 levels. has crosses 1720-1740 levels which indicates change in trend. My target and my strategy is based on elliot wave theory. target of 1880 is interim target. Moreover i am expecting 3-4% upside on pharma index in next trading sessions