CIPLA at LONG TERM Resistance level. One can enter it at the level of 610-620 With target till 654 and Stoploss at 590 Risk reward 1:2
HINDZINC at Resistance Level One can enter this trade at the level of 318-325 TARGET 1 till 38.2% retracement - 293 TARGET 2 till 61.8% retracement - 268 STOPLOSS at blue line - 334
BEARISH BUTTERFLY in DALMIABHA. One can short it at current level 2895 -2890 TARGET 1 till 38.2% retracement - 2770 TARGET 2 till 61.8% retracement - 2669 STOPLOSS at top of previous candle - 2935 (RED LINE )
NESTLEIND at long term RESISTANCE LEVEL . One can short it in the range of 7185- 7170 TARGET 1- 6815 TARGET 2- 6412 STOPLOSS - 7257
RECLTD just above RESISTANCE LEVEL( Red line ). One can take entry when the candle closes above the high of the previous day candle ie. at 176 TARGET 1- 186 (R:R - 1:1) TARGET 2- 196 (R:R - 1:2) STOPLOSS - 166 ( BLUE LINE )
AJANTA PHARMA at long time support level. One can take entry at current level ENTRY - 1190 -1195 TARGET 1- 1502 TARGET 2- 1737 STOPLOSS - 1100 It is a long term investment.
BEARISH AB=CD pattern in CENTURYTEX . ENTRY- 1346-1340 TARGET 1- 1287 TARGET 2- 1238 STOPLOSS- 1369
DOUBLE BOTTOM BREAKOUT in PFC One can enter the trade at - 136 - 140 level With a target till - 154 There can be 2 stoploss- one is at 127, The other is when the the neckline is breached on closing basis that is 135
IDEA is at its resistance level (Red line) One can short it with stoploss at blue line ENTRY- 94-96 TARGET 1- 91.5 TARGET 2-88 TARGET 3-82 STOPLOSS-100
LIC HOUSING FINANCE at critical support level . ENTRY- 623 TARGET 1- 680 TARGET 2 - 719 STOPLOSS- 604
Resistance level broken after GBP crossed the red line , one can enter the trade with Target upto 61.8% retracement with stolposs at the low of the point of reversal.
BEARISH BUTTERFLY formation in KOTAK MAHINDRA BANK, One can short it for target 1 till 38.2 % retracement , and target 2 till 61.8% retracement, with stoploss at red line. For conservative theta decay one can short KOTAK BANK 1080 CE at 5.5 with a lot size of 800 for a profit of 4400,
BEARISH BAT in PNB. One can short PNB with a TARGET 1 till 38.2 %retracement and TARGET 2 till 61.8% retracement with STOPLOSS till red line
As we can see SIEMENS reached the support level and consolidated there for some time and retraced from the support level . It can be bought with a target of 1381 i.e. the 61.8% retracement level with stoploss at just below the support level i.e. 1265 for theta decay one can sell SIEMENS 1240pe at 10.10 with a lot size of 500
EXIDE reversed from its resistance level. For THETA DECAY- For conservative entry one can sell EXIDE SEPT 230CE at 1.45 with a lot size of 4000 for a potential profit of 5800. For aggressive entry one can sell EXIDE SEPT 225CE at 2.3 for a potential profit of 9200. Our take profit is at the level of 61.8% based on Fibonacci lines.
BEARISH BUTTERFLY in EICHER MOTORS . First target till 0.382 retracement, Second target till 0.618 retracement.
HDFC BANK channel breakout, HDFC bank just broke the resistance level at 1806 . One can short HDFC BANK SEPT1780PE at 7.9 with lot size 500 for theta decay .