NSE:INFY is unable to close above 1190 and facing resistance....today also it has printed a bearish pinbar....i will look to short tomorrow..around 1185-1190 with stop loss of 1200 for immidiate target of 1150.
NSE:BALRAMCHIN has printed a Nice bullish pinbar around 80. i will go long around 84 tomorrow.....Contra Trend trade...High risk trade ...play with a very light position
NSE:TECHM printed a bearish pinbar at 630 ...showing sign of reversal at least till 600... i will go short around 625 tomorrow
NSE:GAIL has printed a Bullish Pinbar just at its 200DEMA and near term support of 432.. I will look to go long tomorrow
NSE:IOC formed a nice bearish pinbar and closed below its 50EMA,200EMA and near term support my target for IOC is 360 , will look to short tomorrow
NSE:ICICIBANK printed a bullish PINBAR at 200EMA and near term support as shown in chart. Tomorrow i will go long with a stoploss of 297 for first target of 315.
i will short axis bank on monday.... as a bearish pinbar formed which closed back in the 525 range..... So i will Short axis bank around 525-530 with stoploss 535-540 for first target of 500-510
Green trend lines represent the slightly longer term trend while the red lines show the short term trend. MACD negative divergence shows the down trend is running out of juice. Fibonacci trend (long term) had a slight 0% breach but bounced back. This has led me to believe NIFTY will test the resistance and touch levels from 10380-10400 before coming back down. RSI...
NSE:DABUR has printed a bullish PINBAR at its 200EMA and near term support as shown in chart i will go long around 325 with stoploss of 320 for the first target of 335
NSE:HINDZINC As per chart it is clear that breakout above 330 does not sustain and the price is back in channel ......i will go short tomorrow around 328 for the immediate target of 318 with stop loss 332.
after 3 day rally from 564 in NSE:AUROPHARMA ..... looks like bulls are loosing grip, a reversal may occur i am looking to short tomorrow ...will update here the trade
I bought 1000 PNB today at 111.6.... playing for the bounce from its support of 111-112 which is also its 52 week low .....with small stoploss of 108.6... as per news it may look risky , but as per chart it is a good trade as per risk reward. even if it reaches 117.6 ... R:R will be 1:2 ..and as per chart odds are with me ;)
Watch out for NSE:HINDZINC if tomorrow it breaks 328, it is a good short candidate as a beautiful bearish pinbar formed today which is signaling a reversal... So watch out... but don't jump in the trade as 330 is a support level
Short NSE:IDBI around 78-79 with a stop loss of 82-83 for first target of 70-71 Bearish Pinbar formed finally after a great rally..suggesting a reversal
Long NSE:YESBANK futures at 313.80 . my stoploss is 305.. and target 323.80+ .... will trail if it moves in my favor tomorrow. lets see if history repeates itself or not ;)
NSE:SUNPHARMA one can go long in sunpharma as it has printed a Bullish pinbar at dynamic support of 50 DEMA. i will try try to go long around 570 for target of 590 and stoploss 560.
NSE:INFY has printed a bearish pin bar looks like it will move downward . so i will go short tomorrow .
NSE:YESBANK has broken support of 325-330 and today a pin bar formed at its support which converted it to resistance , so i will short yesbank tomorrow if it fails to trade above 320. my target is 305-300. So what are your view?