M&MFin BuyM&Mfin has ready to go upside and the awesome oscillator shows the strength in the upside and closing is 166.55.
Buy above 169 and stop loss is 164 and target is 175-180-185+. If close above 185 then come to 192-200 again.
Upside
Is it a Buy on Dips Opportunity?After, making a Cup and Handle Pattern nifty is trying to consolidate to at nearly support range. Can be considered as an opportunity to buy on every dips with following levels:
Buying Range: 11850-11900
SL: 11700-11650
Tg Range: 12110-12250
for coming days.
By
Investiture.in
Nifty : Consolidation Upside or Straight Up ?!Exit longs below 10350's, Nifty is all good above those levels !
Nifty : Still a shot Up !(i) Support
(ii) Rsi
(iii) Trendline touch
Thanks for your support & Sorry for not spending time with you, lovely people :)
Predicting Nifty 50 Movement for Short term2 Cases:
1. Surviving Support Line 1 and breaking resistance Line : Expect Nifty to rally towards 11000.
2. Breaking down the SL 1 : Expect nifty to break down till 9000
TaMo : Available for Upside Ride ?!If you go n check on larger time frame TaMo is on very good support & with Bullish Bat patter completion around the support zone. So, its ideal for us to expect a move towards 450's zone.
But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr timeframe, there is good rectangle like channel, though it looks cramped on 4hrs chart. So, if one goes by it one can achieve comfortable risk-reward but you need to ditch harmonics.
The Point is if you are trading harmonic as setup, place harmonic stops. If you are trading channels, go for stops based on it, Don't mix n match here as Risk-reward will get skewed :)
IFB Industries : A Good Move AheadIt's a Good Long weekend, Days like these are the most welcome ones & I also have sometime to pick n choose Mid-cap stocks which are far away from the line we play by. Cutting straight to the subject IFB Industries looks quite promising based on post above, A Good 2-Year Old resistance zone is broken very convincingly with great volume surge compared to previous weeks.
Even before the New high's in 2015 it consolidated for 84 days, Now after 2 years in 2017 , same thing repeats with 105 day consolidation and good breakout at the end of it. What else we can expect in a juicy trade setup ? I believe there is good potential for upside in this stock with 875's as first zone for target & final ones being 970's.
Final Note : I didn't check much of its fundamental, but compared to peers its good, So have a look at it's fundamental & try your own analysis too :)
Let Me know if you have some info on funda's or skewed news items or numbers.
Happy Extended Weekend !
AuroPharma : Entry on Pullback ?!None can assure whether pullback will happen or not but if it goes as per plan then we are good to trade. But take care of below points :
i) Short-term setup lasts day or two
ii) Risk:reward tool is approx, if you feel stops are wider, reduce it
iii) Aggressive entry still valid, but conservative only on pullback
Mindtree : Expecting some growth !This can be done as positional trade for larger targets in Mindtree or Intraday trade also. But if Intra trade is taken, your stops need to reduce drastically instead of what shown above. Good Trade !
Tata Elxsi : Getting Nostalgic...Another trade setup on similar lines of Nifty but with approximate risk/reward but I suggest you to check with your trade plan & I agree its heavily consolidating. So lets watch, how this one performs...
