Tata Steel Cmp 112.65 dated 12-8-2022
1. Inverted Head & Shoulder Pattern on Chart.
2. BO @ 112
Buy @CMP for tgt of 115-118-121-125-130-138
SL 105
It is just a view, pls trade at your own risk.
Nifty Levels for Tomorrow..
Trend : Sideways / Rangebound
Sentiment : Positive
Expectation : Range market between 17750 - 17663
Weekly Trend - Rangebound - May Trade between 18000 - 17500
Nifty might open with Small gap up around 17750-17800 R1 / Sell reversal level. Any breakout above BULL BO 17768 - we can go long for the Targets 1 and 2 probably it will...
DEEPAK NITRITE STOCK looks bullish if candle breaks trendline and resistance and sustains above it you can go long only after doing your own analysis.
ONLY FOR EDUCATIONAL PURPOSE..!
As we can see BANKNIFTY is now at make or break level as this level acted as the level which gave banknifty the new trend which was downtrend back in October 21 and this level has now been tested various times and got rejected various times too, hence it is expected that BANKNIFTY might see a strong bull run if it closes above given level which is much expected...
Saregama india limited is a fundamentally very strong company ,
It is a good opportunity to trade in this stock now ,It is in the verge of a break out
test the waters first and then invest in the stock ;)
We can take long position in this ,if price will give closing above 2060 or 2065, previously, price gave breakout after consolidation with good volumes , and also gave trendline breakout ,stoploss will be low of entry candle.
Poonawala Cmp 292 dated 12-8-2022
1. Triangle Pattern BO @ 295
2. Volume Rising.
Buy for a tgt of 307-320-330-345-380 SL 265
It is just a view, pls trade at your own risk.
Finolex Pipes Cmp 143 dated 12-8-2022
1. Rectangle BO @ 142
2. Triangle Pattern
Buy for a tgt of 153-156-160 SL 135
It is just a view, pls trade at your own risk.
Himadri Speciality is forming flag & pole Pattern in a daily chart frame.
If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle.
After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern.
Ideal SL will be below 78.
Wait...
After split the stock has rallied, almost 12% which now has put the prices at resistance zone (106-110) which was acted as a strong support.
The zone is around 106 - 110
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Some bad about this stock
1) prices trading below 200 day moving average.
2) Price corrected recently 45% which is huge.
3) The volatile metal prices, making business...
NSE:TATAPOWER
Tata Power technical outlook: If it continues the momentum then 260 is possible in next 10 days. It is very bullish above 270.
Can Tata Power repeat what Adani Power has done? Probably Yes.
Should you invest aggressively at this point? No. Wait for the breakout.
Can it fall from these level? Yes, it can but that will only give buying...
Stock has broken its previous resistance and has closed above its previous swing high of 768.
In case stock is coming for retest, Immediate support can be found at 755-745 levels.
For further upside movement, stock has to close above 785.
Stop loss can be placed at 730 for risk averse and for risk takers, SL can be 690.
Overall analysis is given in the...
HDFC Bank has broken the resistance and took retracement at 1410 level.
Swing Trade:
We can Buy now
Stop Loss = 1405
Target 1 = 1482
Target 2 = 1525
Thanks
