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Long
RSI Divergence in SGX NiftyThe charts clearly shows short term bearish RSI divergence coming in the way of a Rising Wedge pattern on the Daily charts of SGX Nifty.
Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji.
These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue its upside.
Breakdown awaited.
Engulfing Bearish Candlestick in DLFThe daily chart of DLF has formed an Engulfing Bearish Candlestick showing signs of negativity coming into the stock.
One can go short only below a valid Break Down of support marked.
An upside channel can also be seen.
If the stock manages to close above the channel then it would generate buy.
Trade as per priceaction.
Short
Dark Cloud CoverDeepak Nitrite Daily Chart shows a Dark Cloud Cover candlestick formation at a crucial resistance.
A valid Breakdown of support marked in the pic will initiate a short.
Balkrishna Industries at very crucial levelBalkrishna Industries have tested 4 times resistance level in 15 min timeframe
we can go long once this resistance break or else short once get confirmation bt candle
Cup & Handle Breakout in Eicher MotorsThe chart clearly shows a Cup & Handle BO on Eicher Motors Dly.
Can touch app 3000 , 3200.
SL : Blw 2580 ( DCB )
Long
Grasim looks bullish#positional
Grasim (CMP: 1471) is forming ascending triangle pattern if it broken and sustain upside the long positions can be taken here, keep it in watchlist and trade as per the charts
Long
City bank looks bullish#positional
City union bank has broken the flag and pole pattern and now once retesting become successful long positions can be taken there with swing as stop loss
Long
Mindtree looks bullish#positional
Mindtree (CMP: 2310) is moving in an ascending channel, if this channels is broken with with more than avg volume then long positions can be taken. Keep it in your watchlist and trade as per the charts
MLong
Kotak Mahindra bank looks bullish#positional
Kotak Mahindra (CMP: 1741) moving in a descending channel with low volume, wait for it to break the trendline with a good volume and then take the trade accordingly
Long
TCS looks bullish#positional
TCS forming symmetrical triangle pattern, wait for the breakout in either direction and confirm with volume for taking positions. Keep it in watchlist and trade as per the charts
Long
Concor looks bullish #positional
Concor has broken flag and pole pattern with a huge volume making it bullish now. Kew this in watchlist and trade as per the charts
Long
M&M looks bullish#positional
M&M (CMP: 803) has broken the triangle pattern as well as retested today making it good for upside, keep trailing stop loss with swing lows
Long
Heromotocorp Looking BullishHeromotocorp Looking Bullish at CMP 2930-2930 for the target mentioned in the Chart.
Long
Cummins ind looks bullishCummins ind has broken the upper trend line with a gd volume making it bullish
#positional
Buy Cummins ind at 920
Add in dips till 900
Tgt: 943, 980+
Sl: 885
Timeframe: 1 month
Long
HPCL looks bullishHPCL is about to upside movement from the support level
#positional
HPCL buy at 230
Tgt: 242, 250, 260+
Sl: 225 (closing basis)
Timeframe: 2-3 weeks
Long
Godrej consumer looks bullishGodrej consumer has formed inverted head and shoulder pattern and breakout happened with a huge volume making it bullish
#positional
Buy Godrej Properties at 711
Tgt: 731, 750+
Sl: 675
Timeframe: 2-3 weeks
Long
LT - Looking good for Buy SideLT Looing good for Buy Side. Check the chart marking for more clarification.
Long
Graphite India bullishGraphite broken flag and pole pattern with a gd volume, making it bullish.
#positional
Buy graphite at 512
Tgt: 550, 600, 660+
Sl: 460
Time frame: 2-3 months
Long
Gland pharma is bullishGland Pharma has broken ascending triangle pattern with a huge volume, making it bullish.
#positional
Buy Gland Pharma at 2549
Add in dips till 2420
Tgt: 2765, 3190, 3620
Sl: 2300
Timeframe: 2-3 months
Long
Max india looks bullishMax india has given symmetrical channel brkout ik upside, making it bullish
#positional
Buy Max india at 67.45
Buy in dips till 64
Tgt: 72, 76, 80
Sl: 60
Timeframe: 2 months
Long
Long
Stocks to watch for 10/02/2021Stocks to watch for 10/02/2021
Breakout expected
Go as per the break out .
Wait for the pull back .
Don't rush to buy/sell after breakout.
NOTE
BLUE LINE : Major Support and Resistance line
Orange Line : Minor Support and Resistance line
Time Frame to achieve target: max 10 days
