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.
HEW YEAR TRADE
STOCK HAS FORMED A STRONG DEMAND AND SUPPORT ZONE
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
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
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