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Reliance :₹1258 is resisting at the Gann arc.Target 1560Reliance is having a breakout from a long trading range and from a symmetrical triangle, the stock is having the potential to cross all time high 1649, and probably will find a new high in the rage of 2850 in coming years.it was trading in a range between the GANN 3X1 ie:18.75 resistance and 4x1 ie:15deg support line, on having this breakout from the resistance line, it can make a target 1560 and 1650 to the next resistance. Once crossing the all time high and can zoom to 2850 level.
NSE:RELIANCE
by padiyara
3
M & M is poised to zoom upwardsScrip at Rs 1287, a largecap auto company, market leader in SUVs and tractors, very low debt in its books of account, has now reared its head up with good volume breakout last few weeks. It has consolidated above 20W EMA, after taking support at 200W EMA, all other EMAs are about to converge which in itself is a strong bullish signal. Fundamentally, with fairly good to average monsoon in the offing, sales of tractors and SUVs is bound to pickup strongly. It has disposed off its BS-3 vehicles and will now offer BS-4 vehicles as necessitated by the authorities for auto companies. Buy for a target of Rs 1500+, with a stoploss of Rs 1200 or so.
NSE:M&MLong
by captvivekjain
Nifty : Can Shark's topple Nifty Bull-Ship ?!Thank God, there is no typo in the Title I gave. A typo in the title might have looked bad, if you know what I mean ! Here is the plan guys, there will be 2 back-to-back Nifty charts (1) one on 15 min timeframe (2) other will be on 4hr timeframe. If you look at the chart above there is trendlines, Flag & Shark pattern. I don't trade sharks usually more often they attack us & stops out the trade. But, we have Flag pattern, actually if you zoom around it doesn't look like flag, so lets name it as channel ( dark yellow channel ). We are looking for simple breakout on anyside to enter the trade in Nifty. We may see breach of trendline if Bearish shark is forming, bcos sharks end above X, bcos of this uncertain completion of sharks , I don't trade them often but only on reversal confirmation. Two scenario's : (i) If channel breaks upside aim for targets around blue trendline 8730's, depending on price action around the trendline we will decide further move but book initial profits around the blue line (a) Yes, sub-division of above scenario, Feels like I'm writing some answer script ;) - If the breakout of channel happens upside & bearish reversal happens around the trendline - initiate short positions in Nifty. Only on valid bearish confirmation we should enter short positions. (b) If incase Nifty goes against us & 8730's breached to upside then next resistance is 8780's-8800's. (ii) If the channel breaks downside target 8610's zone, that will be meagre points only & Nifty will bounce back little after reaching there. These won't happen 2mrw itself over the next two days & go in with proper stops, false breakouts are not out of equation & I haven't considered Gap scenario's here. But if you ask my opinion an upside breakout of channel & Sharks toppling Nifty Bull-ship will be good, but let;s see guys. I will post out 4hr charts in sometime, will add that link below in comment, that will give you another perspective of Nifty but in-sync with what we discussed here. Sorry Guys about today morning, I was travelling so cudn't post in the morning, anyway I posted by US morning ( our evening which is now ), but that doesn't mean I reached U.S, I'm in Incredible India :)
NSE:NIFTY
by InsiderB
17
JSW STEELWell, according to my probable Elliott wave count and opinion it seems like some more up trend in JSW STEEL. We have finished micro wave 3 and 4 (wave 4 is 23.6 of wave 3). Now we are currently moving towards the final micro wave 5. But one need to be careful as we might not have finished wave 4 correction. Further wave 1 was a flat correction so with alteration wave 4 was a zigzag. Now the internal wave counts are also done just zoom it to see. So one could buy this stock after a retracement of the current wave or at the breakout. But still one be careful before trading as your capital will at risk. Any suggestion will be welcome.
NSE:JSWSTEELLong
by vinodsinghfcca
Gateway : Short-term trade setup !Hey Guys, {Pre-Note : If font size on charts are small you can enlarge charts by dragging up or down over price pane on the right end of chart OR Use zoom features near Bottom-middle area} This is short term trade setup, so if you have the patience to hold a stock for 1 to 3 months, then this will be useful for you. Well, even if you don't have patience keep it on your radar n see how this goes. I have mentioned 5 points to trade this GDL ( Gateway Distriparks), follow that & do own analysis also. Its just simple support zone based setup, so after we get bullish signal we will get long in Gateway. If there is no bullish sign no issues, we won't be in trade at all. What if we get bullish sign & GDL reverses after we enter. Cool, that can happen, anyway we know our risk which is just around (11 points ) so even if you trade 100 shares, its hardly Rs.1100 on potential profit of Rs.3000. {100 shares is an example pls don't ask My position size :) } If you plan to enter make sure you never change your stops or targets or early booking for profits, or early closing bcos market goes down. Once you analyze & decide on target n stops, never never change that, even the world turns upside down don't change that. That's Bad Habit ! Because you decided to take 11 point risk & 30 point reward, then why you want to change ? Never change your decisions. Do your analysis, check whether the 11 point risk over 3 months for 30 points is good or bad, Then decide on the trade. Lets see whether Gateway (GDL) gets away to stops or Targets !
GLong
by InsiderB
12