- Nifty near its March bottom - if holds on to 15680-15720 zone then it could be a case of Double bottom - Target could be retest of 20 day EMA / 50 day EMA / 200 day EMA ( use charts to keep track of these levels as it changes with every trade day) - trend line resistance around 16680 / 16800 Risk factor - we see 50 day EMA crossing below 200 day EMA which is...
Banknifty has given a breakout of cup and handle pattern above 35100, and is capable to reach 35400 and above levels. Also both RSI and MACD is supporting the move. Option data is extremely bullish and could witness short covering.
A week to remember the huge gap down and recovery. Tomorrow's expiry is going to influence multiple news. Let's see where the nifty is going to expire tomorrow. key levels to watch out for above the 200EMA and 16750 as the first levels to keep an eye on. down side 16150 and 16000. It was a week to remember because I had been carrying a position Friday. I sold...
Based on my research, Welspun Ind seems to be in Long build up zone after a strong consolidation of Short covering.
1. Support - Channel Support 2. Trading in short covering zone 3. Best price - 575- 585 4. Target - 650
Namaskar dosto swaagat hain aapka mera is idea main mujha follow kar skata ho aise he level paana ke liya
A flat opening on Monday can trigger some short covering.. Favorable RR
HEROMOTOCO | Can see some short covering ahead of result - 25% to 40% CMP : 2910 SL : 2750 Target : 3600, 3800 1:6 risk reward setup for 1st target
TVSMOTORS | Another attempt near trendline support - 15% Good amount of shorts are in system, lets see if this trendline support ahead of result giving a short cover rally CMP : 560 SL : 530 Target : 650 Almost 1:3 risk reward setup
Stock in 4 hrs chart trading out of Bollinger band and a short-covering rally of 10 Rs is expected. It Can Retrace Upto a level of 555.90. So a Must Buy. Like if the Stock hit the target .
Massive OI Short Covering seen today with the monthly expiry and BN bounced from 21600. Expect good upward movement tomorrow - either way. Positional Ideas Go long if it sustains above 188 on the 15 minute chart & BN retraces above 21950 for targets of 190, 193, 195.8 with SL at 184.8 Short only below 184.5 (sustaining below on the 15 min chart) for 182, 180,...
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SWING TRADE IN ESCORTS SEPTEMBER FUTURES BUY@725 STOP@715 TARGET@740 LOT:1100 QTY:2 NOTE:SHORT COVERING TRADE ENTER WITH CAUTION
SWING TRADE IN AMARARAJA BATTERIES SEPTEMBER FUTURES BUY@786 STOP@774 TARGET@800 LOT:700 QTY:1 LOT: NOTE:RISK TO REWARD RATIO IS ALWAYS ADJUSTED TO MARKET VOLATILITY INDIA VIX IS TRADING HIGH WHICH SUGGEST SOME GOOD PREMIUM RETURNS IN OPTION MARKETS YOU CAN TRADE WHEREEVER YOU WANT
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BTST IN M&M FIN AUGUSUT FUTURES BUY@477 STOP@473 TARGET@485 LOT:1250 QTY:2