Stock has been supported multiple times from the same zone making the zone weaker. If breaches 660 then can go short. For swing wait for hourly candle close below 660. P.S. If taking for swing then do with proper Risk to Reward only since its a very volatile stock and ideally not suited for swing
HDFC Bank is forming a ST on Daily TF. Being the market leader, its move will affect Bank Nifty big time. Move on either side will give 1-2% at least (bigger move possible on upper side) If breaks on lower side, target 1370, 1360 and 1350 If breaks on upper side then target 1503, 1548 P.S. Wait for 30-60 min candle close after breaking the triangle.
ALEMBICLTD | Triangle breakout and retesting the zone CMP : 105 (Can buy in dip upto 103) SL : 99 Target : 121 1:4 risk reward setup
The above pattern is some of the most powerful patterns in any timeframe and this is monthly which means we just got a positional scrip to buy.
Notice the volumes rise and the bullish ascending wedge formation. SL for swing: 147.5
CUMMINSIND | Small channel swing opportunity for 10% CMP : 828 SL : 800 Target : 915 1:3 risk reward setup
Sun Pharma Short Term Swing Opportunity
The stock looks good for a 10% swing trade with volume support. Buy at 29. Risky traders can buy at 28.50. Target 32/34. Note: All levels only for educational purpose.
Andhrasugar has broken a long term trendline in the Weekly chart. Its good to accumulate the stock and sell it near All time high levels.
Ambuja cement has given a breakout on March monthly candle and retested on April candle. Looks good for long entry with SL below the breakout candle.
M&MFIN | Flag pattern for 18% CMP : 208 (Dip 198-200) SL : 190 Target : 245,270 We already holding big trade in weekly time frame, its another opportunity for us to average or pyramid :)
The entire sugar sector is on an upmove. Other sugar stocks are also breaking out. This has tested the resistance once, but sellers couldn't push the price down by much, which means absorption is happening near breakout. SL: Below Breakout Candle. Tgt: Break of Hourly 20MA on the down side.
Simple advice: wait for retest and hunt.
L&TFH | Big potential trading opportunity as it is breaking long time trendline sharply - Potentially can see 80% CMP : 106 SL : 90 Target : 170,195 Consider to hold for atleast few months to see amazing bull run in this stock.
BREAKOUT GIVEN ABOVE 925 BUY AT OPENING PRICE ON MONDAY NEXT TARGET 1044
BEL | Simple triangle breakout - 7% CMP : 127 (Dip : 125) SL : 123 Target : 136 Almost 1:3 risk reward setup We are already holding big trade based on weekly time frame, this is just a small opportunity in between.
INDUSTOWER | Triangle breakout can give us 10% short term CMP : 256 (Dip : 248) Stoploss : 240 Target : 280,290