Resistence
#M&MFIN - Breakout above 452M&MFIN is looking strong on daily chart. It has taken support around 430-435 zone and breakout is seen above 452
MARICO Long based on S & R Marico just bounced from its 365 EMA support. Hope it will honour the earlier trend.
The trade setup would be
Buy : 307 to 310
target 1 : 316
target 2 : 336
CBSL : 301
SHORT : Victor Sperandeo 2B Pattern Price formation qualifies of a short as per Victor Sperandeo 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. We can short the stock with stop loss of just today's high. Risking the small amount gives an opportunity for a decent Risk to Reward ratio.
Buy Triple Bottom It seems that stock has been good accumulated formed triple bottoms and now wants to rise. It has closed above the neckline giving the breakout and successfully retested it. One can buy the stock for a target of 750 - 775.
federal bank looks bearish in short to medium termIn daily, first it broke the horizontal support, then moved up to touch the broken support, now acted as a resistance, and price moving down, after touching the horizontal resistance and trend line resistance.
sl - 113, 1st tgt - 103.
after a long consolidation, BB expansion and BB is moving down.
Note: this is not a fno call, I am sharing my view only.
PNBhousing finance at resistance .PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign.
SO THINK BEFORE ENTERING IT NOW.
FORTIS BREAKOUT LONG TERM RESISTANCE FORTIS price chart given a long term resistance break out near 200, one can add on dips for target 300 by keeping stop loss below 205.
