Wipro short trading idea based on triple top formation. Target and SL as mentioned in chart. One can short Jan'18 Expiry 305 CE / 310 CE
Asian paints forming descending triangle. Script may consolidate within the region. Target and SL mentioned
Apollo Tyres short idea. Target and SL mentioned
Muthoot Finance Long based on falling wedge pattern. Target and SL as mentioned
PCJeweller trading idea for Dec'17 expiry. Bearish engulfing candle pattern observed. Short idea can be initiated , example 460CE, 470CE
M&M short idea Script is at its resistance zone and has formed a red shooting star candle. One can trade based on target and SL ranges
IndiaBulls Housing Long based on support level. Target and SL as mentioned in chart
Target and SL as mentioned in chart
Axis Bank in consolidation range. Target and SL as mentioned
Target and SL mentioned in chart.
Global crude prices are increasing creating pressure on oil companies OIL short idea based on S&R. script trading at it's resistance level Bearish Candle pattern also indicates reversal Once can short 360CE with stop loss as described
NCC short based on S&R method. Script reached close to it's 2015 high level. Long upper wick on day before yesterday and Bearish engulfing candle formation indicates seller coming back in the stock. One can short the stock with targets and SL as mentioned
ASHOKLEY short idea based on S&R Bearish engulfing formation indicates reversal. Previous day volume was higher than past 10 days volume. One can short after bearish candle formation PS - Higher sales figures are expected by market in this quarter also which I believe should have been discounted by market.
MANAPPURAM has reached it's demand zone after bear rally. We can see script rally by buyers Also, company management has announced raising of 200 crores via secured redeemable non-convertible debentures which the market can see as a sign of management confidence in business growth. One can take short term trade as per the idea with target ad SL and can also...
WOCKPHARMA broke out of ascending triangle. One can enter the script on green candle confirmation above the new support (resistance broken) level with target of next resistance level
Axis bank range bound Sell 520CE and 490PE Maximum profit expected is 19,800 if it stays b/w 490 and 520 premium received = 11.8+4.7 = 16.5 safe between 475 to 535 margin required = 1.75L
Time frame - 1 hour Elliot correction wave in leg C Fibonacci numbers indicate reaching of 0.618 level from recent correction For analysis and trading purpose
Support and Resistance zones identified Sugar demand will be up in North India due to ongoing festival season Target and SL as mentioned