Shortterm-midterm
Short -Mid term on weekly time frameAs Stock given negative breakout after consolidation we can expect a pullback in this stock while considering 200-DMA ,Fibo levels and previous data stock is expected to take support in range 1030-1055 with Stop loss 1020 or 1000(psychological levels) for target of 1130 / 1160 / 1200.
MOTILAL OSWAL FINANCIAL SERVICES above the RESISTANCE ZONE.In MOTILAL OSWAL FINANCIAL SERVICES (MOTILALOFS) a strong weekly closing above the resistance zone can be seen . after a long consolidation stock has come to point where it can show a good bull run or upside movement. Can be a good positional/short term pick with good risk reward ratio for the given target in chart. Go long with the strict stop-loss of 915 level (only on candle closing below basis). Previously when candle closed above the resistance zone ,showed a quick upside movement of 170 points move. so this time we can expect somewhat same movement. If you are long term holder this can be a good pick for the ultimate target of 1587 level.
ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF SUPPORT-RESISTANCE OR DEMAND SUPPLY ZONE. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
BREAKOUT IN TATA-MOTORSBREAKOUT in TATA-MOTORS with huge VOLUME can be seen in daily timeframe after the double bottom, double top formation , so we can name this as a double top, double bottom breakout ?!. okay.. no one will ever want to miss a rally like this, so, I'll suggest you to go long at CMP OR one can also wait for the pullback/retest/backtest. If shows any pullback or retests/shows 357-365 levels can also enter, risk reward ratio also looks favorable. go long with the strict stop-loss of 345 level (only on candle closing below basis) for the above given targets of 395,442 and 458. ultimate target is 600 if your view is for 1 year.
ENTRY :- CMP (CURRENT MARKET PRICE) OR IF YOU GET IT NEAR AROUND 357-365 ZONE ALSO CAN BE A GOOD PICK.
STOPLOSS :- 345 (CANDLE CLOSING BASIS)
TARGET :- 395, 442, 458 (FOR SHORT TERM/MID TERM).
(fibonacci study used for determining the targets/levels)
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR PARTICULAR STOCK/SECURITY.
Indusind looks bullish for Intraday and Mid Term.Indusind Bank
Looks bullish as the price is nearer to the trend line.
Intraday
CMP - 621.6
Buy above - 625
Target - 640, 650
Stop Loss - 612
Short Term
Target - 650, 670, 690 and 710
Stop Loss - 600
Note for Short Term -
Stock can be affected by the Moratorium case in the supreme court and NPAs. So invest only risky players.