i would like to go long in psu banks tomorrow !
i see that the stock has good chances of touching 333 in next 2 months!
SOUTHBANK 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
ONE CAN GO LONG ON PSU'S WITH A SL AT 3100 3140. ONE WILL NOT GET PSU'S AT SUCH ATTRACTIVE PRICE
Educational BHEL Bearish sentiment at channel resistance of 101. Short below 100.2 Target_1 - 98 Target_2 - 96.5 Target_3 - 94.5
ONGC LONG S/R based and Double bottom
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
In 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.
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
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...