BREAKDOWN LEVELS
HDFC LTP 2415.9
HDFC target 2362
HDFC has a support at 2405 which is very crucial as it is a a break down level.
SL 2442
SBI LTP 329.5
SBI target 310.
SBI has a support at 320.5 which is very crucial as it is a a break down level.
SL 340
KOTAK LTP 1697
KOTAK target 1606
KOTAK has a support at 1676 which is very crucial as it is a a break down...
TATAMOTORS has given a small breakout and can head to next RESISTANCE level around 327, ONE CAN BUY AROUND 310-305 WITH SL OF 303 FOR TARGET OF 314-319-325
Stock Ended Downtrend
Formations of HL - HH Begun
Inside Bars ( Accumlation Day Today)
Perfect H & S Formation
Above 50 / 200 Ema's
Look for Buy with Break of 590 with High Volume & Proper Pull Back
Sl can be kept below 570
Long entry can be taken in TVS motor above 590 for the profit target between 630-640 with the SL of 565. 2: 3 Risk to reward ratio. clear BO can be seen & RSI forming +ve divergences.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
In 30 mins time frame, the price has formed lower low and lower high, below 580 stock is weak. Dont buy until the 30mins structure changes to Higher High.
In 1 day stock is nearby its lower trendline, Currently close to 20Daily Ema and proper valuation in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has...
