SWING TRADE IN TVS MOTORS
VIEW
-RETEST OF 200-DMA
-BOUNCEBACK
-HAMMER (SIGNS OF REVERSAL)
-GOOD RISK TO REWARD RATIO
CHECK THE PREVIOUS IDEA
CHECK THE PREVIOUS IDEA
CHECK THE PREVIOUS...
Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted.
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly...
Glenmark has shown a bullish reversal on the back of very large volumes. If this trend continues, it could possibly be the bottom for a long time to come.
Long can be initiated for a medium term trade.
CMP: 350.
Target 1: 500.
Stop Loss: 310.
#PNB has given breakout from long downtrend and started forming HHs and HLs on daily time frame.
It's taking support from 20SMA, 50SMA and short term upward trendline.
Even volume is above average. Looks good to go long from current levels.
buy in range of 735-737 for target 770-775
with sl 725
Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Nifty formed a bullish flag pattern followed by a consolidation before a breakout to reach the top of the flag.
Further consolidation was seen in the ~11800-12000 range.
Nifty has witnessed a breakout from this range and is thefore expected to resume its upmove to the target of 12775 given the length of the Flag Pole.
This is ofcourse going to be a swing...
In our last write up we had mentioned no-entry zone for Nifty. We have given two levels for selling side and out of that one has reached i.e. Bottom. However, in the last two weeks, there was no great moment in Nifty.
Technical Overview of Nifty: After bouncing from Trend Line Support, Nifty has given great rally and made top around 12000. That was the first...
#CUMMINSIND has given breakout from downtrend, key resistance levels to look for are 585 to 595.
Breakout would be strong if enough volume is seen, currently it's in sideways trading in range.
Breakout from box would give clear picture.
DISCLAIMER
All the views expresses here for Educational & Learning purpose only.
We may or may not have position in the stocks mentioned here.
option long call
EQUITAS LONG CALL 100CE @ 4.50
SL @ 2.50
TARGET @ 8.50
Maruti completed a bull phase with supply seen in the 8450 - 10000 rectangle zone.
The scrip appears to be breaking out of a year long downward channel move on the back of rising demand as seen in the volume with reasonable accumulation.
Stop Loss: 6650
Target: 8450
Bank Nifty appears to have completed its consolidation below the 200DMA and closed above the resistance with a bullish breakout above the triangle.
RSI(14) indicates a build-up in strength.
Target: 30800
SL: 28500
Nifty pulled back in a converging wedge pattern till golden fib 61.8 level and developed a clear bearish engulfing candle pattern in 30m chart. Short trade can be initiated below 11380 (spot) tomorrow with stop loss at 11480 with a target of 11110 (RR>2.5).
Trade is not recommended for intraday traders with capital less than 1.5 Lakh Rs.
Swing Trade with horizon of about 3 months.
Target: Rs. 2200.
Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200).
Support is seen at Rs. 1920.
Whirlpool has remained in an accumulation rectangle zone for almost a year preceeded by over 2 years of bull run. The scrip has seen some supply that was absorbed and has been followed by a relatively higher volume breakout on the weekly charts. There appears to be strength in the uptrend.
Longs may be initiated on dips (closer to EMA 9 on the weekly charts)....
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