CUPID LTD (SPOT) Made double bottom pattern. If it break neckline it may rally for level -299/325/349.
view negated below - 239 (Day Closing Basis).
Fundamentals-
1. Repeated consumption business
2. Expecting good quarter
3. Maintaining healthy dividend payout of 26.48%
4. Profit growth and ROE is also very attractive.
NIFTY TRADE IN OCT FUTURES
BUY@10945
STOP@10745
TARGET-1@11055
TARGET-2@11155
TARGET-3@11245
TARGET-4@11325
QTY=450
NIFTY OPTIONS TRADE POSITIONAL TRADE FOR OCT SERIES
11200 CALL OCT OPTION TRADE
BUY@160-165
STOP@55
TARGET-1@300
TARGET-2@350
TARGET-3@390
QTY=525
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK...
Looking at the Monthly charts of TANLA SOLUTIONS, it has given a Breakout after a 10 year consolidation period. Can be accumulated near the 85-100 level. SL should be maintained at 65 on the EOD closing basis. This is a positional view. If the SL is respected the target for this trade is around 220-250. Respect the risk management first before entering the stock.
The stock has given a Textbook breakout with supporting volumes, after a good 1-month consolidation. Aggressive Traders can enter immediately & add on dips. Conservative Traders should look to add on a dip around 390-400. SL should be kept as 370 on the EOD closing basis. Positionally, traders can target for 430-440.
Sell only below 904.5 for 900, 895, 880 with SL at 910
Long above 924 for 930, 940, 945 with SL at 910
Sustaining over T2 on hourly time frame will open targets of 965, 980, 1000 with SL at 930 - See the linked idea for details.
