Trendlinebounce
Maruti bouncing from trendline supportMaruti Suzuki has taken a support at the bottom of the wedge formation and seems poised for a short-term bounce back -- 30-min chart.
MOMENTUM TRADE IN AMBUJACEM !!(DEC FUT)!!MOMENTUM TRADE IN AMBUJA
VIEW
-BROKE OUT OF SYSMMETRICAL PATTERN
-RETEST THE BREAK-OUT LEVELS WITH A PULLBACK
-ABOVE CRUCIAL RESISTANCE
-RISE IN OI + RISE IN PRICE
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@205
STOP@200
TARGET 1@210
TARGET 2@213
LOT:2500
QTY:2
Aurobindo Pharma (weekly) Trendline Support Breakout | 2019Aurobindo Pharma (auropharma) (weekly) bounced from trendline support & trading inside the channel.
It is holding the trendline support. Staying above the line, good for positional.
Manappuram | Good Demand areaManappuram is currently trading on a trendline support, where we could also see a demand area. With their nature of business involving gold and the yellow metal gaining strong every week, it should be good news for the company with improving loan to value. Stock is a good buy right away. Least case, the script should retest 144 again.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Axis Bank | Bounced off Rising Channel support - DailyAxis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Ashok Leyland - Long term uptrend resumes ?After a steep fall of 3 months, looks like Ashok Leyland NSE:ASHOKLEY has resumed its upward journey from August.
I can see that the stock has reversed from its long term trendline forming a Bullish Engulfing candle.
Also, it has reversed after retracing 61.8% of its previous upmove.
Good stock to accumulate with a stop loss below 110 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
HDFC Bank - Bottomed out ?After a month long consolidation from 27 July, looks like HDFC bank NSE:HDFCBANK may have bottomed out.
The stock has underperformed for the past month even as some other banks like Axis and ICICI have made new highs.
I can see that it has taken long term trendline support around 2060 zones and also formed a Double bottom on the daily chart.
The stock also seems to be reversing from the 61.8%-78.6% retracement zone of its previous upswing.
Looks like a very good buy candidate for successive targets around 2113 and 2140 with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
