Expecting continuation of bearish trend for raymond, divergence has decreased and can see the stock falling from current levels and hit around 790 levels from here, Stop loss is strictly placed at 875, and people can short the stock now to expect a price of 790 from here. Short term trading only.
Gail 1D chart shows that it is above 100 EMA. Supertrend has shown buy signal.
MACD is above zero line and bullish crossover moving upwards.
There is resistance at 390 and if it manages to break, it will move higher.
CMP 374.60
It created a double bottom at the support line and broke the resistance of 349 then went higher.
Presently, moving above 100 EMA and chart pattern showing an upward trend which may give a move of 20-30 pts.
If it breaks the upper resistance line above 660 level it can give a good move.
MACD is above zero line with bullish crossover.
Keep watch on it for future price movement.
ITC is looking strongly bullish after breaking the neckline/ resistance of the triple bottom pattern.
Overall long term trend is bullish as the price is above 100 EMA.
It may rise to 20-30 pts and if it crosses 330 in the near future it will go much higher.
The MACD line crossed above signal line and moving upwards.
PIDILITE
CMP 1123.80
HA Candles broke the resistance line and closed above it.
MACD line is above the signal line and going upwards above 0 line.
The stock is in an upward trend and HA candles is above the 20 EMA which shows positive upward movement.
30-40 points of upward movement can be achieved. It may show strong movement if it crosses 1180-1200.
As of now ...
RBL Bank after trading in a side ways channel pattern has seen breakout with formation of Inverse Head and Shoulder pattern. The stock had been trading in the range of 450 - 600 since more then a year. The stock has witnessed a breakout with high volumes and strong momentum. One can go long on this counter with Target of 570/580/592, Keeping stop loss at 535 ...
DCB Bank has been consolidating and has formed a Cup and Handle pattern on daily charts. The stock has also closed above its 200 EMA at 179.4. The stock seems to have pulled back from the 200 EMA and is about the break out of the Cup and Handle pattern.
One can go long on this counter above 182 with Target of 187/191/197, keeping Stop loss below 174 (closing ...
JUSTDIAL has extraordinarily beaten expectations with 20% rise in current trading session on volumes close to 5.30% of its average traded volumes. Above Ichimoku Kumo cloud, BB, TCFL, TCBM signalling a huge buying interest in the stock. Buy at 609 with SL of 580 and Target of 739. ----OR---- Buy little quantity at 609 and wait for stock to correct to 580 and buy ...
All levels mentioned in the chart. Keep an eye on the overall market trend and make a move.
Ideally the said targets should be achieved before 8th of June.
:-) Happy trading.
SunPharma has hit its bottom and one can expect a small bounce back. Buy for a target of 510-530 in 5-10 trading sessions with a stop loss at 449.
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss ...
Sell ULTRACEMCO at 4054 with Stop-loss of 4080 (Stop loss is on closing basis, Please do not exit the stock in intraday volatility), and Target of 3980
