IRB is facing resistance and might give a chance to short Short IRB below 234 Target 222 / 208 SL - 242
i feel that bank nifty must remain range bound and should stay between 24800 to 25100 the moment it closes below 24800 a sharp fall can be seen immediately !!!!!!!!!!!!
NMDC might be making H&S pattern For short term gain short NMDC at 133 Target 120 SL 136.5 For long term chart target can be followed.
Just note the high and lows of today high-24994.85 low-24803.65 if market sub stain after breaking high or low just take a trade in that direction Just for knowledge purpose i captured complete 1006 points of bank nifty -0.20% by analysisng the dates Sustaining above high and low is very imp not just breaking
NSE:CASTROLIND has moved towards its upper band while staying on the negative trend CMP - 378 Short below - 374.50 SL - 386 (breakout above that) Target - 355 / 340
Everything Mentioned over chart...
AVOID BPCL IN NEAR TERM
i am bearish on ACC if it reaches 1760 odd levels and would like to sell for 1724 -1734 levels .
There is formation of descending triangle at 4hr chart. Good oportunity to short if it breaks 16.6 level.
NSE:LICHSGFIN , CMP 622, has made Head & Shoulder pattern and may lead to a big fall now. However we may see some retracement, to 640-680, before the action. Short setup Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520 Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade...
NSE:INFRATEL is ready to move towards its lower trend. Short Bharti Infratel CMP - 390. Short right away Target - 367 SL - 399.5 ( short risky SL 395)
NSE:MARUTI is ready to give some correction Maruti shows declining MACD, which is ready to give a crossover CMP - 8068 Sell maruti with target off 7900 / 7750 / 7500 SL - 8200
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...!!!
If it breaks 700 level then it will shoot up to 900 level.Otherwise there would be a reversal to come.Follow me for updates.
Tata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively...
Tata Steel CMP 649.8 On hourly charts we observe a neat channel trade Currently Channel Support comes around 642 Target comes around 672-674 There is also 20 min EMA support at 646 Ideally the stock should hold channel support, however, in case we see break of channel below 642 then stock can fall up to 618 / 600 levels Plan your trade...