Results
MASSIVE BREAKOUT on TATA ELXITata Elxi has posted superb numbers.
Trading at a 52 week high.
Look at that weekly chart.
It's going to be in an open movement upwards. Brilliant setup. Buy at current levels with at least an upside of 5-6 %.
HDFCBANK: Long or ShortHDFC Q1 results: Decline in PAT, Net income QoQ basis.
No insights included on the moratorium loans in results.
But still being showcased as positive by media houses.
Technically stock has made a resistance level around 1080-1090 zone. Price is hovering around 200 DMA.
Volume has dissipated. Thus stock presents mixed signals.
Tomorrow:
1. If Candle breaks the 200 DMA with heavy volume: GO long till 1200 levels.
2. If Price hovers around resistance level (1090) or falls below the line: Go short.
Trade setup for Banknifty(Educational)Nifty is looking in a strong uptrend, but Banknifty is neutral as it still hasn't broken the 23000 barrier on a daily chart. For Banknifty to be bullish, it needs to break 23000 on a daily chart. This is my personal setup for Banknifty on Monday. Looking at domestic cues, the trial for vaccine has been allowed by AIIMS, which is a positive, but on the other hand, Indian COVID cases are rising exponentially. Another point is that HDFC Bank's results are out and they look positive, and as HDFC Bank is a heavy weight in Banknifty and Nifty, we can expect Banknifty to rally with HDFC Bank. Market has somewhat taken into consideration the result of HDFC Bank as it rose by 3% on Friday and profit booking can also be visible, like that on Britannia. Be cautious while taking trades. Targets as set according to how the market can react.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
INFOSYS Result Based ViewNSE:INFY
Infosys will declare its result tomorrow. Currently Infosys is around the strong resistance region marked in the chart.This is a very strong resistance as it was formed a long time ago.Even with Nifty fall today Infosys hasn't fallen much due to speculation around the result. Even after factoring the decline due to ongoing crisis Infosys has been able to put up a good performance.TCS aslo earlier this month declared its result and was able to drive a small rally upward.Expecting INFY to beak this support zone tomorrow and move toward the next resistance.
Britannia looking goodAs we have seen early the Britannia has broken its cup and handle pattern.
Also their results are coming this Tuesday hoping for a good results, as packaged food were much in demand during the lockdown
have added the initial support and resistances to lookout during this week.
India VIXFor any reversal/rally to sustain, VIX needs to cool down. For now sustaining below 39 would be the 1st confirmation for a pullback to 30 then 25. With Q4 Advance Tax noes coming in from Monday, we would be seeing stock specific reactions going forward unlike the systematic fall we have been witnessing since FEB. So a word of caution, not every Inky Pinky Ponky will give returns, be very selective, from here once again domestic triggers will play a vital role.
HDFC RESULTShdfc having Head and Shoulders in daily chart. Support at 200 sma, Resistance at 100 sma.
TCS RECENTLY TCS HAD DECLARED QUARTERLY RESULTS. HOWEVER 1829.7 SHALL ACT AS TREND DECIDING LEVEL. ONE SHALL OBSERVE THE PRICE ACTION NEAR THE SAID LEVEL FOR TAKING EITHER LONG OR SHORT TRADE.
Oil prices | Oil companies | contradictorycrude oil prices are heavily falling in past 3 - 4 weeks.
we can see good quarterly results in oil-based industries.
it will also affect petrochemicals prices.
so take a watch on companies which are in this sector, or having petrochemicals as a raw material.
STOCKPRO RECOMMENDATION BIOCON MADE A HIGH 683.7STOCKPRO RECOMMENDATION BIOCON
BIOCON MADE A HIGH 683.7, WE RECOMMENDED AT 666
Buy Jet Airways at CMP 290 with a stop of 254 and Target of 370NSE:JETAIRWAYS has been in downtrend every Jan 2018 and from the highs of 870 the price has crashed to around 260 levels. Recent news of delaying the result had an impact on the price and investors initially weren't that keen on buying the stock.
Looking at the recent trend and especially looking volume structure there is clear signs of the stock being accumulated, I've used Price Voulme Trend (PVT) which is given a clear indication of price action and accumulation in the stock.
The stock has closed above the downtrend line and now the stock it's trying to retest this trend line. I feel the trend has reversed and we can look bor -2.73% buying opportunity NSE:JETAIRWAYS
Close above 303 will also confirm a double bottom reversal, which will also confirm a minimum 50 points jump from 303. So considering all these pointers go Long.
"Know what you own, and know why you own it." - Peter Lynch
Indian Bank CnH on Daily!Indian Bank Classic CnH on Daily! Strong RSI, Results Tomorrow! NSE:INDIANB
should i say YES or a big NO lets observe tomorrow!!!!!!!!!!!!positive as long as it is above 349
will sell if breaches 341
SYNCOMSYNCOM RESULT PV (PRE-VIEW)
SYNCOM again will post bad result don't expect any good bounce back in any type of fundamentals and other data in Q2Q and Y2Y. Again now slient result soon by company.
