ICICI Pru life
CMP 370
Trend is down
but is near important Fibonacci retracement level
Buying can be considered above 372
or on dips towards 360
T1 378
T2 388
T3 401.5
When trade gets activated Keep a Stop loss Rs 6 below buy price
Take care & Safe trading...!!!
WILL LOKE TO SELL NIFTY TOMORROW , BEST IF IT OPENS IN POSITIVE NOTE
caution... ALL ARE MY PERSONAL VIEWS AND IS JUST TO TEST MY SKILLS and analyse myself and have nothing to do with anyone making a loss and profit ...its their hard work and good luck!!!
CESC
CMP 1046
The stock will see demerger of shares and will be divided into 4 verticals in October viz:-
- power genreation
- power distribution
- retail
- others
Now coming back to charts
On weekly charts the stock has given a nice breakout and the stock may be heading towards 1160-1200 zone
Immediate Support at 1023-1030
Stronger support at 996-1003 ...
Infy CMP 899.50
In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone.
https://in.tradingview.com/chart/INFY/wtjXr3Bn-Infy-Patience-has-its-own-reward/
Despite Infy offering Share buyback at 1150...
despite Infy seeing the return of respected Nandan Nilekani on the board...
we have ...
DLF CMP 184.40
The stock is retracing after testing its 76.4% levels at 194 odd levels
Last time too the stock reversed exactly from 76.4% retracement levels....
Will history repeat itself...???
Based on observations the stock is likely to continue its down movement
Target 173 / 166
TC & safe trading...!!!
Bank Of Baroda is standing over the support line where maximum possibility is that it can bounce back to upside from this region....
If this happens, targets will be 174/182/193/210
and SL: 160
If this doesn't happens, downside targets will be 160/150/140
and SL : 170
wait for the clear trend and based on that take position....
Note: Do your own study ...
Buy above 103-104 for given targets in short term.
Indicators look strong, price has moved above 200 DEMA.
For long term setup, check my other chart (double bottom setup).
Short Setup:
Short Powergrid at the fractal break of 190, target at major support 185. Expecting minor support @188.00 & 187.50
Buy Setup:
Buy Powergrid at breakout of major resistance @ 195, target at 199.5 & 205. Expecting some minor resistance @197.50
Buy Setup:
ITC has a hidden bullish divergence but it is trading below the cloud. Wait for the breakout of trendline and resistance at 265 to go long. Targets 268.50, 270.00, 272.50, 275.00.
Short Setup:
If ITC bounces off the trendline and breaks the fractal at 262.30, since it is trading below the kumo cloud, short it with targets - 260, 257.50, 255
