HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
Swing opportunity in Gail. I was tracking this stock for past 2 months, the lines have been drawn at that time. Consolidation happened and now at the verge of a breakout point. Check out the chart and do your own analysis.
Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like NSE:HAL , NSE:BEML , NSE:BEL , NSE:BDL & so on.
BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher....
It looks like trading at very important level also called wait and watch zone , if it rosses 35 and give close above that level it may considered as breakout otherwise trend looks very negative.
PNb LOOKS scary unless close above levels mentioned , already deep red a DCB can definitely take place but overall a scary picture , hopefully not but !!!!
PNB BUY with SL 63 Trgt 78+
2 Strategies mentioned post profits reported by PNB in Q1 earnings.
Breakout expected in next week.
OR
Buy PNB 75 CE Aug19 @ 1.25
Buy PNB 80 CE Aug19 @ 0.60
FEDERAL BANK BUY NSE:FEDERALBNK Trades on NSE with 6 times its average volumes for second consecutive day.
BUY NSE:FEDERALBNK at 80.5 Target of 88 and Stop loss of 77 on closing basis
