Reliance Industries has formed a Symmetrical Triangle on Daily Chart. Though its a continuation pattern, and the current short term trend is down in RIL it is expected to give a downside breakout to continue to trend. However, since anything may happen in the market, it's better to wait for Breakout on either side of the pattern.
Entry - 450 Target - 550/645/700/788 Stop loss - 425
I WILL LOOK AT BUYING OPPORTUNITIES AT LT because : It is forming a kind of expanding pattern . It has been taking the support of the lower trend line . Now the price is again at its support level so will be looking at buying opportunities. Entry : 878 Target : 1081 Stop loss : 840
I will buy NTPC because : It has been taking support at the trend line . So will be looking at buying opportunities. Book profit once it touches the resistance. Entry : 82 Target : 101 Stop loss : 80
I will go LONG on SHREECEM because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 21198 Target -...
I WILL LOOK AT BUYING OPPORTUNITIES AT GODREJIND because : It is forming a kind of expanding pattern . It has been taking the support of the lower trend line . Now the price is again at its support level so will be looking at buying opportunities. Entry : 376 Target : 418/447/489 Stop loss : 344
MGL has been taking support between the prices 743 and 766. The price range between 743 and 766 has been acting a major support for MGL , The price is again at its support level. So will be looking at going long on MGL. Entry : 778 Target : 957/1094/1200 Stop loss : 665
Buy At Cmp 6038, SL - 5200 (WCB), Target - 6960/7900
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
I WILL LOOK AT BUYING OPPORTUNITIES AT GODREJPROP because : It is forming a continuous channel pattern. It is kind of expanding pattern . It has been taking the support of the lower trend line . Now the price is again at its support level so will be looking at buying opportunities. Entry : 854 Target : 998 Stop loss : 817
I will buy AXISBANK because : It has been taking support at the trend line . It has touched the trend line 4 times and has not been able to break it. So will be looking at buying opportunities. Entry : 442 Target : 535 Stop loss : 417
I will buy DMART because : It has been taking support at the trend line . So will be looking at buying opportunities. Entry : 1977 Target : 2236/2445 Stop loss : 1893
I will go LONG on COROMANDEL because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 723 Target -...
GOOD PIN BAR IN 1 day GOOD TIME TO SHORT Entry - 1957 Target - 1880/1764 Stop loss - 2018
I will go LONG on HINDPETRO because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 175 Target -...
I will buy BPCL because : It has been taking support at the trend line . It has touched the trend line 2 times and has not been able to break it. So will be looking at buying opportunities. Entry : 345 Target : 442/490 Stop loss : 327
I will buy NAM_INDIA because : It has been taking support at the trend line . So will be looking at buying opportunities. Entry : 262 Target : 327 Stop loss : 248
Buy the stock for a recovery upto the level of 450-455 minimum.