Positional or Longterm Opportunity in AbbottGo Long above 16900.1 for Targets of 18286.2, 19672.3, and 22444.5 with SL 15514
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
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Swing Opportunity in Gland PharmaGo Long above 3450.1 for Targets of 3633.7, and 3817.3 with SL 3266.5
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.382 Fibonacci level.
4. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
5. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Swing Opportunity in VoltasGo Long above 1204.55 for Targets of 1259.55, and 1314.55 with SL 1149.55
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around 0.5 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
4. In addition to this there is a gap (marked with blue color) that is yet to be filled.
Positional or Longterm Opportunity in CastrolGo Long above 126.3 for Targets of 139.65, 153, and 166.35 with SL 112.95
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this the stock gave Trendline breakout on a monthly timeframe & is retesting the same Trendline.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Positional or Longterm Opportunity in Aegis LogisticsGo Long above 229.05 for Targets of 246.4, 263.75, 281.1, 298.45, 315.8, and 333.15 with SL 211.7
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm Opportunity in Sequent ScientificGo Long above 185.1 for Targets of 219.7. 254.3, and 288.9 with SL 150.5
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Inverted Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm Opportunity in RallisGo Long above 269.4 for Targets of 296.45 and 323.5 with SL 242.35
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Positional or Long Term Opportunity in LupinGo Long above 972.5 for Targets of 1091.5, 1210.5, and 1329.5 with SL 853.5
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm Opportunity in CeatGo Long above 1249 for Targets of 1438, and 1627 with SL 1060
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Positional or Longterm Opportunity in NaukriGo Long above 5435.15 for Targets of 5787.7, 6140.25, and 6492.8 with SL 5082.6
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm Opportunity in Godrej CPGo Long above 976.1 for Target of 1081 with SL 871.2
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout.
Positional or Longterm Opportunity in SanofiGo Long above 7797.1 for Targets of 8158.95, 8520.8, and 762.75 with SL 8882.65
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout (marked with green color) and now this Trendline is giving support to the stock.
4. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
Swing Opportunity in AuropharmaGo Long above 689.1 for Targets of 713.65, 738.2, and 762.75 with SL 664.55
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.\
3. In addition to this the stock gave Trendline breakout.
Long Term Opportunity in IDFC FirstGo Long above 52.2 for Targets of 63.65, 75.9, and 86.55 with SL 40.75
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout on a Monthly timeframe.
Swing Opportunity in ExideGo Long above 168.15 for Targets of 174.3, and 180.45 with SL 162
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around 0.5 Fibonacci level.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Swing Opportunity in Shriram TransportGo Long above 1449.05 for Targets of 1498.35, 1547.65, and 1596.95 with SL 1399.75
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer & Bullish Inverted Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this, there is a strong trendline (marked with green color), which is providing support to the stock.
4. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Swing Opportunity in L & T Finance HoldingGo Long above 85.4 for Targets of 90.75, and 96.1 with SL 80.05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around 0.5 Fibonacci level.
3. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
4. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock.
5. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it and thus the stock is forming ascending channel pattern.
Swing Opportunity in Amber EnterprisesGo Long above 3300.1 for Targets of 3473.6, and 3647.1 with SL 3126.6
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this, there is a strong trendline (marked with green color), which is providing support to the stock.
Swing Opportunity in Indraprastha Gas LtdGo Long above 476.05 for Targets of 498.1, 520.15, and 542.2 with SL 454
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. There is a resistance zone (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Jindal Steel Long Trade (Buy)Jindal Steel was in down trend from a few days, but recently it formed a Doji candle with lower price rejection. And today it formed a bullish candle, these candlestick patterns indicate there could be a trend reversal. It is also taking support from 200 EMA of daily time frame. You can go long once it closes above 386/387 . It will be a good swing trade. Place logical stop-loss (Suggested : Below EMA 200 1D timeframe).