VEDL(Weekly) :- Breakout done at 246 Target 500/550++ with Stop Loss 200 Below 1) Multiyear Breakout :) 2) Finally Break HR Zone In 4th Time
ELECON (MONTHLY):- Breakout above 97 for Target 200/250++ with Stop Loss 60 WCB 1) Multiyear Breakout :) 2) HR Tested 4 time Now May be Covert into HS 3) Huge Accumulation (2009 to 2021)
TINPLATE (Weekly):- BUY ON DIP (197 TO 170) for Target 260 with Stop Loss 145 DCB 1) Multiyear HR Breakout + Retesting Done, 2) Huge Volume Build (Since june 2020 to 28/4/21)
Bank Nifty Observations - we observe Bank Nifty trading in down trend channel - Bullish Engulfing candlestick pattern seen in chart Pattern gets invalidated if Bank Nifty closes below 30405 Given the set up, Strategy that may be considered Consider selling Bank Nifty 27 May 2021 expiry 30000 Put option between 700-800 (Last traded Price 753) The strategy...
CMP 98.15 SCHAND looks good to me for 134/260 Target with Stop Loss 75 1) Change in Polarity 2) Huge Volume Buildup
Reliance - We see the stock in a consolidation phase since Sep 2020 - On the lower side the blue line zone has provided support - the green line area is the ultimate support level.... Given the set up, and the the stock being closer to support levels, one may consider selling Reliance 27 May expiry 1800 Put option around 35- 40 odd levels Max profit...
PANACEABIO (MONTHLY):- Multiyear Breakout done looks good for 500/600++ Target with 200 WCB Stop loss
Hikal (Weekly):- (Breakout zone 206/210) for Target 400/420++ with Stop Loss 150 WCB
HSCL (Weekly):- AT GOOD BUYING ZONE (36 to 44) for 64/90++ Target With Stop Loss Below 30MCB
Long M _M finance above 182 TGT 205 SL 172. After taking support stock is going up. good Risk to reward ratio. This is for your educational purpose only.
Nifty CMP 14338 If you have been following me this is exactly what I have been writing since April 5, 2021. - level of 14885 was identified as crucial resistance zone - our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some...
#MOREPENLAB (W):- BUY AT DIP (44 TO 52 Range) For Target 120 1) MULTIYEAR BREAKOUT :) 2) Volume Breakout + Marubozu Candlestick #Disclaimer:-I just shared view for only educational purpose.
DCAL:- CMP 146 LOOKS Good for Target 190/250++ Stop Loss 100 1) Inverse Head And Shoulder (Downtrend Reversal Pattern) 2) Descending Channel (Reversal Pattern)
Maxhealth:- CMP 239, Looks Good for 260 Invalids below 228
LUPIN:- C&H BO. ABOVE 1100 FOR 1300/1350+ Target with Stop Loss 1020 (Hourly Based)
SUNPHARMA:- cmp 640 looks good for 700 With Stop Loss 600 DCB
AUROPHARMA (Daily):- Breakout above 975 for target 1200 with Stop Loss 870 DCB
NIFTY IT Will Show Reversal Sign :) Bearish Divergence work done and Show Reversal Sign