STAR near multi-year support level, strict SL at 821. Targets based on fib retracement.
S & R short idea ICICI bank as we can see on charts a it has rejected upside twice and also rsi trending downwards. entry price 299 SL 310 target 1 - 291 target 2 - 277 with a TSL of 291 a option sell idea would be 320ce sell@6 with hedge of 330ce buy@4.2
NSE:RECLTD trend has reversed from its 6 months downtrend. One can go long above 169.50 T1 - 186.50 T2 - 208 SL - 147
Support n Resistance lvls Above 658 --> 671, 685, 698, 720 Bellow 650 --> 635, 615, 605-575
NSE:AXISBANK has broken its important support at 482 Short below 460 T1 - 441 T2 - 425 SL -486
NSE:JETAIRWAYS has hit double bottom and reversed with a surge in the volume. Go long above 518 T1 - 554 T2 - 607 SL - 472
Support line crucial, good risk reward trade with stoploss just below the support line.
Short below 135 & 140 SL T1 - 132 T2 - 130 T3 - 127
@366 zone is a resistance zone for KEI, once crosses that it can fly
dabur 2 year resistance 1 can look too short it at/below 320 with 328.5 as SL T1 - 317 T2 - 313.5 T3 - 310 T4 - 305 as expiry is approaching agrresive trader short 320 CE CMP = 2.8 so profit 2.8*2500=7000 if stock stays below 320 conservative trader short 330 CE CMP = 1.5 so profit 1.5*2500=3750 if stock stays below 330
Zydus Wellness Breaking out of a Year Long Consolidation. It could very well be making a huge Cup and Handle Formation and test previous highs of 1070 levels. It is a positional pick and I would be holding it till the target or 100 days.
NSE:RELINFRA Now stock trading @ key supprt zone. Watching price action here before entering long trade. As of now no sign of bullish reversal in Daily or Weekly TF. ADX well below 20 level from July. It should go above 25 for momentum. Remaining neutral until that.
SBI has been consolidating in the range of 250 to 255 for almost a month now. Which shows there is a strong support at 250 range. One can go long 258 T1 - 274 T2 - 289 SL - 248
This is my second Muhurat Pick and a positional call and I would be holding more than 100 days. Fundamentally the stock is really good with Incremental Quarterly earning, lower P/E than its peers and higher market share. Technically the stock is in uptrend and would move higher.
as we can chennpetro has rejected the price above 460 twice so we can short 470ce which is at 2.25bid price.. for a safe money.. as the breakeven would be 472.25 for above short idea.