INFOSYS (INFY) - SELLERS BECOMING WEAKNSE:INFY
AFTER A LONG RALLY ,PRICE STARTED TO CONSOLIDATE FROM MID OF OCTOBER
FORMED A TRIANGLE PATTERN,WITH STRONG SELLERS INITIALLY
PRICE DID NOT BREAK BELOW REF. POINT A, ALSO IT FORMED KIND OF HIGHER LOW FORMATION,INDICATING SELLERS ARE BECOMING WEAK
PRICE HAS TESTED RESISTANCE LEVEL 1148-1150 FOUR TIMES.
NEW RALLY MIGHT START ONCE PRICE BREAKS ABOVE RESISTANCE LEVEL WITH RELATIVELY HIGH VOLUME
Shortterm
JUBILANT | Flag / Triangle breakout - Off to No mans land :) JUBILANT | Flag / Triangle breakout - Off to No mans land :)
CMP : 787 - Use any dips to buy.
Immediate target : 1000 which is 25% from current level.
I found this stock late after this breakout today, as i'm less focused with small caps. I see this is weak only below 620 level. So incase if any dip can buy at 755, 685, 620 levels.
The volume in this stock is poor, Buy only 5 to 10% of your capital over all.
PRAJ Industries can go long after Trend line breakoutNSE:PRAJIND Looks very good setup to go long after successful breakout of trendline... Good for intraday, Swing trade with strict RR... Consider on closing basis..
Note: This is my personal view and please check n take a trade as per your RR.
Like, comment, share and subscribe if you need more setups like this.. Thanks.
BHEL long scalp opportunityRSI indicating a bullish divergence with a trend resversal pattern breakout
Buying opportunity on pullback at 28.80 - 29-30
Targets - 32.75 | 34.60
Stop Loss is a must since markets are currently overbought and greed is high
One can also consider selling OTM put option and hold till expiry
Swing/Short term investment Buy Idea only above 9.25 for a easy target of 10.75++
For long term hold for atleast 6 months. It can be a multi bagger.
Technical view - It didn't broke 9.25 resistance since 8 October, retested two times and this time it will be big as consolidated for a month.
Please contact your financial advisor before Investing...
Phillips Carbon Looking for 30% move hereThe price is about to break the trendline and has been moving in the channel. Buy with trendline BO DCB.
RELIANCE HIGHER HIGH/LOW NSE:RELIANCE
1 HOUR CHART , PRICE CURRENTLY SUPPORT @ 50 mvwap &,PREVIOUS GAP (1960-1974).
IF PRICE MOVES ABOVE 100 MA WITH VOLUME EXPANSION,THEN NEXT RESISTANCE IS AT 2280 (POSSIBLY FORM A HIGHER HIGH/HIGHER LOW FORMATION)
IF PRICE FALLS BELOW 1916,THEN NEXT SUPPORT IS @ 1795.
DMART | Pattern seems little convincing & good risk reward againDMART | Previous analyze failed as SL hit. Since it looked H&S slightly dint wanted to keep bigger stoploss.
Now this pattern seems little convincing with good risk reward again. Can see 19% if things goes as expected 😃
CMP : 2026
SL : 1920
Target : 2375
1:6 risk reward setup
MEGH | Taken Good support and turned bullish - Can see 14%MEGH | Taken Good support and turned bullish - Can see 14%
CMP : 75 (Can buy any dip upto 73)
Target : 84
SL : 70
HEROMOTOCO may fall even further in the coming daysIt seems like #HEROMOTOCO is heading for further South..!
If it manages to stay below 3058, there is a good possibility that we may see a the price crash below 3000/2900/2800 soon
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