Absolute_Investments

Absolute_Investments

3 black crow formation in nifty ahead of the yearly budget. Globally equity markets showing signs of weakness. The upcoming state elections adding to political chaos & doubts over strong economic reforms. It's not yet time to Panic & sell however definitely time to be cautious. Last time the 3 black crows were spotted Nifty corrected by 2000 points. Will the...

Absolute_Investments Updated 

Albert David is coming out of a 2 year range with strong volumes. It first attempted to break free from the range in mid July, but could not sustain above the range high. It has now corrected and is approaching a strong demand zone @ 525-30 Levels. The Fibonacci re-tracement level of 61.8 also confluences with the demand zone. The RSI levels also show support in...

Absolute_Investments

BPCL is back to retest it's trendline breakout levels. There is cloud support at 345Levels along with new bottom trendline support. Hence 345-355 looks like an excellent buying zone. One can go long in BPCL @ 345-355 levels with stop of 330 and target of 380-400++. (Safe traders can keep a tight stop of 340 and can book partial profits @ 370 levels.)

Absolute_Investments

Bhel is back to retest it's trendline BO levels. Supported by bullish signals on ichimoku cloud, the risk reward looks more favorable for going long in bhel. One can buy BHEL @ 71-72.50 Levels with stop below 70 on daily closing basis and targets of 78-80-82. Safe traders may look for 76 as partial or full profit booking zone.

Absolute_Investments Updated 

Biocon seems to be in a rangebound zone where the lower band of the range is near 605-610 and the upper band near 660-70 levels. Being near the lower band of the range, in trendline support zone, biocon is good risk reward trade for bulls. Buy Biocon between 605-612 with a stop below 599 on daily closing basis ... for target of 630-40-50.

Absolute_Investments Updated 

Tata chemical is above cloud on 125 min chart, the chakou is above the price as well as free to move up, along with a positive tenken-kejun cross. Indicating a possibility of upmove in this stock. Is a more Risky trade but one can buy small qty at 580-85 levels wih stop of 569 and target of 600-620-640.

Absolute_Investments

Dabur is at flat bottom cloud support & trendline support on weekly charts. It is also at the rsi support/reversal levels in daily chart. Dabur can be a good risk reward tradea at current price levels. Buy DABUR Near - 400-404 Stop below 394 on daily closing basis or price stop of 390 Probable targets could be 425-35-55 levels in a 2-3 weeks time frame.

Absolute_Investments

NBCC has shown breakout & re-test of trendline on 125 min timeframe along with double divergence of rsi on daily charts. The future cloud is bullish & the ichimoku cloud set-up also gives a buying signal. For Traders: buy NBCC @ 57.50 with stop below 53 on 125min candle closing basis & a target of 64-68++ (timeframe 3-10 days) For positional investors : Buy on...

Absolute_Investments

BPCL is above the cloud on 125 min candle chart with a green future cloud and trendline breakout. Can be a good risk reward trade if bought near 345-350 with stop of 335 (125 min candle closing basis) and targets of 370-380. Do your own study before taking any trades. Good Luck !!