Torrent pharma reversal from support levels of 1190. After formation of hammer and green candle on 1D chart. Hammer about to form in 1W chart. Can buy.
SBI has reversed from support levels of 270.
Dabur has been consolidating from 2 weeks now and i dont Expect any Fireworks from Dabur So bet is to Eat premium in this consolidation zone with Theta doing its work :) Short 320 CE @ 2.30 .... 2.3*2500=5750 profit if Dabur stays below 320 at expiry Short 300 PE @ 2.30 .... 2.3*2500=5750 profit if Dabur stays above 300 at expiry
L&TFH isnt able to break 210 handle as u see doji/shooting star/spinning tops it seems there is pressure on upper side North Korea problem has resurfaced so my bet is that it would be hard to Breach 210 for this Month Macd seems to be going to converge on side side Stochastics shows overbought stock so it will retrace or consolidate before new rally L&TFH 210...
VEDL will continue to move upward in the channel, finding support at the lower levels
LTI has been respecting the neckline for a while. It moving towards the neckline for a breakout / reversal
Channel has broken, the upper channel will now act as support
Hero Honda nearing to its strong resistance. Target 4100 followed by a further breakout or breakdown move
the last candle indicates trend reversal with a price action box so a conservative setup would be entry once it cross 310 with CBSL of 303.5 and target of 333.50
there is resistance at 460, with no fundamental news future, it looks like the bull run of ioc has lost the steam it is safe to short 470ce @ 8.50
Resistance Zone at 104-108. This is the breakout zone.
Amara Raja Batteries Ltd is a fundamental sound stock which has got good amount of beating in last couple of weeks. Last week it took support around 750 and tried to bounce back but went down to 760 after coming back up at 788. On Wed 30 Aug, it made a good move up and its again came close to resistance. It would be interesting to watch tomorrow (Aug 31) if its...