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Tatamotors a good long term candidate?Tatamotors gave a very good breakout near 172 levels and seen the 186-188 levels after making head and shoulders in daily charts. However it declined 6-7 points on last trading session. Is it a technical correction or heading for a major slump? Head and shoulders and Fib extension suggests an possible upside of 205-207 whereas slow stochastics suggests a bearish view. But basis the current trend, Tatamotors is an good potential midtterm long candidate with a target of 200-205. Good to go long on declines near subsequent Fibonacci retracement levels 178/175 or upon recovery. Hedge your positions properly to avoid damage to your portfolio. I would recommend check with your financial advisor before taking a trade.
NSE:TATAMOTORSLong
by TradersVenue
2
Maruti - Long Entry - Positional TradeLong entry in Maruti 27th Sep Futures at 9166 on 31st August - CMP is now at 50% retracement of the rise from 8255.5 (21st May) to 9929 (24th July). To me this seems like the ABC retracement of Wave-V is over and a new Wave-I could be starting. Some consolidation could happen of course, before it rises. (See Daily Chart on right) - The Daily chart shows very significant level of support at CMP. Plus this is currently also at the bottom of the Ichimoku Cloud which provided support on 31st August. (See chart on right) - The Weekly Chart low in mid-August bounced off the top of the Ichimoku Cloud and is now resting on the Kijun Sen Line. (See chart on left) - Daily Stochastics have been gradually rising since mid-August from extremely low levels - So there seem to be a confluence of factors supporting my decision to go long - Max Call OI is at 9500 and 10000 with significant additions at 9300 strike. Max Put OI is at 9000 strike. (31st August). These numbers could form the basis for setting targets and SL - Immediate targets could be around 9450-9500 and SL below 9000 or even 8800 on closing basis - I have been closely tracking and trading Maruti since the last week of May. It seems to be following the Elliot Wave structure very clearly till now on the Daily Charts. Based on my earlier analysis posted here, my positional trades turned out very profitable.
NSE:MARUTILong
by fcsa
Maruti - Positional LongMaruti seems like good long positional trade. I am long in futures market since 8900.In my previous chart I had explaind that I was waiting for a bounce from about 8873. On 3rd July I entered long. Immediate Target ~9600. SL below 9000. Maruti put OI has max addition at 9000 strike and call OI has max addition between 9400-9700 strike. These could form the basis of SL & Target. Also ref to the fibonacci levels on the chart for target/SL. - Daily chart shows that 200 MA was support for some time. Now it has decisively bounced off that line (purple line on chart) - Today's daily candle (4th July) has touched the Upper Bollinger Band (2 std dev). That usually results in the candles climbing along the upper band for some days. - Daily chart shows Chikou Span emerging clear from all congestion on the Ichimoku Chart. ADX is 13 which is low but that has great scope to go up. And D+ has clearly crossed over D- - The Weekly chart shows this week's developing candle has taken support at the top edge of the Senkou Span in the Ichimoku Cloud and the Stochastics are crossing the 50 line. That looks good. There could be some retracements obviously (so please be careful) but I will hold my long position for some time since I am going by the weekly and daily charts only and have traded long (with some profit booking) since May 30th when I posted my earlier Maruti chart.
NSE:MARUTILong
by fcsa
USDCAD - H1 - Long - Opportunity with Good Risk RewardIn Hourly, price closed near the price range that acted as a support during the day. 1. USDCAD did a breakout and then pulled back to 1.30790 Levels on weekly charts. 2. Price has a nearby support of 61.8 % Fibo Level on Weekly. 3. Stochastics - Oversold on Hourly. Lastly, risk and reward is pretty favorable, I will wait to see how it reacts at the opening and take a call. ----- Note ------ Position Size: 2% Risk or less ALWAYS. CANNOT RISK MORE. Support/ Resistance/BUY/SELL/SL/TP Prices are ALWAYS RANGES and Not Exact Prices
Long
by PawanThakur
YES BANK - Time to go longGood time to go long for a positional trade. SL below 325 on closing basis. Then just wait for a surge up. Targets could be 341/351/365/370 etc (futures prices July contract). - Yes has been taking support at the 100 MA for the past 4-5 weeks. - Stochastics look good. - MACD (daily chart) showing signs of a bullish crossover - Inverted Head & Shoulder formation still valid with price at the shoulder currently. Neckline is at about 370 (futures price July contract) Ref to:
NSE:YESBANKLong
by fcsa
Nifty day chart analysis1) NIFTY on day chart has been trading withing a symmetric triangle since early Feb 2) Trading below 89 DEMA and 144 DEMA and SuperTrend giving a sell signal. We can ignore this sell signal as long as Nifty trades above 10170 on weekly close basis. In a trending market lagging indicators tend to give false signals upon a pull back/correction. 3) A break above 10630 is important and could see a gain in momentum 4) A break below 10300 could take Nifty towards 10180-10170 zone. This zone could be crucial in determining long term direction in days to come. 5) Stochastics and RSI are currently indicating likely range bound action in upcoming sessions. 6) Triangle median is at 10480 and this level is going to be important.
NSE:NIFTY
by k314
3
"TCS" Short A Sensible Trade A nice Pick for a swing/ positional trade for this week is a short trade of TCS, Because the market NIFTY is overbought & is the world's most expensive market based on PE valuation so its better to short rather than to buy anything in nifty 50, and a recent filter showed TCS as overbought technically and seems to have formed a double top and is moving down, The Targets and the Resistance are marked on the chart, the indicators that were conforming the short were MACD, RSI, STOCHASTICS, BOLLINGER BANDS, ADX. The Target 1 -Level is a stronger level because of Fibbonacci reteracements 0.61.8 & is a swing low. Good Luck.
NSE:TCSShort
by PurandaraVittal
2
L&T Finance Holdings Theta DecayL&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 CE is @ 3.45 so 3.45*4500=15525 profit if L&TFH stays below 210 at expiry you can book profit midway or trail it with stoploss once in profit and if it Breachs 210 then we book our Losses
NSE:LTFShort
by desipplz
Bullish Hidden Divergence On Cards For “PEL”Targets :3015-3235 Buy range :2850-2870 Stoploss :2710 Duration :4-5 weeks Outlook : The key observation on the price chart of Piramal Enterprises is that the stock has recently registered a breakout above the upper band of the falling channel encompassing the entire decline since June 2014 high of Rs 3088.95. It signals end of the corrective phase and start of a fresh up leg. The stock currently rebounded taking support at or around the crucial support area of Rs.2775-2780 being the 61.8% retracement of the previous rally from Rs.2582.55 to Rs.3088.95, which also coincides with the monthly pivot levels as can be seen in the adjacent chart. In the process the stock has formed a major higher trough in the Daily chart In the process charts also witnessed A “Hidden Bullish divergence in which stock prices making a Higher Highs, whereas oscillators(14-RSI), making a Lower Lows, which Indicates underlying strength and which occurs during retracements in an uptrend, suggesting good entry levels. Stock is trading above its medium term (50-DMA) and Longer term(200-EMA), among oscillators the daily stochastics has recently generated a buy signal and +DI has crossed above -DI thus validates positive trend in price We expect the stock to continue its current uptrend and head towards its previous highs in the coming weeks and hence recommend a Buy in this particular stock. Entry and Exit levels are mentioned above.
NSE:PELLong
by BHUMIT-ARQ
1