If ARS and SRS turn positive, attempt can be made to initiate position in M&M.
NSE:RAIN inversing Resistance into Support . Once can look for positional trading opportunities at this price. Near SL - 195 Near Target - 255
Breakout from resistance of 1803 with good volume . Relative Strength is STRONG, with good support at 1700. Chemical Sector is strong now. It's heading towards 1950 then 2100 in short term and 2250 then 2400 in medium-long term. #TrendIsYourFriend
Breakout from resistance of 261 with good volume . Relative Strength is STRONG, with good support at 241. It's heading towards 286 then 314 in short term and 340 then 370 in medium-long term. #TrendIsYourFriend
Breakout from all time high of 4895 with good volume. RS is INCREASING, with good support at 4340. It's heading towards 5500 then 6200 in short term and 6950 then 7600 in medium-long term.
Breakout from resistance of 880 with good volume. Relative Strength is increasing, with good support at 796. It's heading towards 965 then 1070 in short term and 1170 then 1275 in medium-long term. #TradeWithTrend
RELAXO broke resistance of ~1254 after consolidating for ~100 days. RS above 0.1 looks very bullish. We have very good support in range of 1070-1080. Vol Delivery ialso very good. #TrendIsYourFriend
- Sector Index Breakout - Sectoral Spread Chart Breakout - Sectoral Spread Chart 50ma crossover.
Breakout from resistance of 145.80 with good volume. Relative Strength is STRONG, with good support at 118. If this holds above 160 we can see 20-25% upside. #TrendIsYourFriend
ISEC has given us breakout from resistance of ~775. We can see upside of 35-40%. We have good support at 665. #TrendIsYourFriend
Breakout from resistance of 197.85 with good volume . Relative Strength is STRONG, with good support at 160. It's heading towards 238 then 285 in short term and 330 then 375 in medium-long term. #TrendIsYourFriend
After consolidating for almost 30 days SOBHA broke previous high of 848 and close at ~884. We have good support in 645-670 range. RS is bullish > 0.1. If it holds above 850 we can see 35-40% upside move also realty sector is very bullish. #TrendIsYourFriend
CHAMBLFERT broke resistance of ~359 after consolidating for ~135 days. RS is above 0. Whole Chemical sector is very bullish maybe this stock also will join that rally. Support is in range of 285-290. Stocks volume showing for when it was consolidating selling pressure was very low compare to buying.
LEMONTREE Hotel broke 52 week high resistance of ~49.5. RS crossed above 0. Hotel sector is very bullish so maybe this stock can give us good returns. We have very good support in range of 38-39. Volume Delivery is looks very good. #TrendIsYourFriend
MINDAIND broke from the resistance of ~756. We have support range of 640-650. RS > 0. Good Vol delivery and CNXAUTO turning bullish. If this hold above 835 we can see good move in this stock. #TrendIsYourFriend.
TATAMOTORS broke resistance of ~360.75. RS Still not turned positive we'll wait for it to turn positive and little bit pullback around 350-353 levels. CNXAUTO is also very bullish. This stock can give us 40-45% upside in medium-long term. We have very good support in range of 290-295. Volume Delivery is looks very good.
Radico Khaitan has given us a good breakout from resistance of ~936. We have strong support in 740-745 range. If today closes above 960 we can see 25-30% upside in short term. #TrendIsYourFriend
Breakout from resistance of 259 with good volume. RS is going above 0, with good support at 221. It's heading towards 294 then 340 in short term and 385 then 430 in medium-long term.