PSU
Bank of Baroda1) NCLT cases resolution will give a boost
2) CEO tenure extension another trigger
3) stock is at a strong trend line- lets see if it breaks
333 in canbk ...!!? within next 2 months!i see that the stock has good chances of touching 333 in next 2 months!
SOUTHBANK: Sell at 23.75 Stop-loss at 24.5 Target of 22.15SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
BHEL Bearish sentiment at channel resistance of 101Educational
BHEL Bearish sentiment at channel resistance of 101.
Short below 100.2
Target_1 - 98
Target_2 - 96.5
Target_3 - 94.5
ANDHRA BANK- TRENDING UP It is been observed that the price action breaking out to new highs and forming higher lows, indicating a trending up chart. Now, the price action has broken from a triangle consolidation formation,indicating a further bullish move ahead.
Target 1: 60
Target 2: 62
Stoploss: 56
Bearish GartleyIn NOCIL a bearish gartley is formed i feel that it may drop to 73 rs if it break the 73 level then it will go to level of 65 rs.
Orient Bank - Decsending Triangle Breakout (Upside move ahead)It is been observed on the daily chart that the price action breaks above the descending triangle which indicates a big move to upside ahead. It shall take prices up to the next resistance levels of 121. Once it breaks above that then it may rise further up.
Target (1): 121
Target (2): 122
Stoploss: 118
NTPC : Head and Shoulders Pattern [15mins]This head & shoulders pattern is yet to complete and moving towards the neckline, wait for valid breakout at neckline before initiating short positions. This may or may not be intraday, can get extended for another day, so be sure about what position you are gonna take. Neckline has back to back supports, so be planned & prepared with whats your risk before entering the trade.
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Happy Trading !
