Stock has given Bullish breakout with Volumes and Sustained the upside momentum. On Daily the imbalance is on the Buyers Side. Last Closing 248.25
Buy CMP and Accumulate on Dips and Hold with Patience till the structure remains Positive.
Gujgas given Weekly Breakout on Buy Side. On Daily TF Enter to look long on the Evidence of Indecision or Rejection Or Bullish on the Support Zone.
Once Trade is Active, Will update on Target/SL
Would Also update if Trade doesn't get triggered.
Mindtree already broke Momentum Support and Fell sharply, Recent Upside recovery is very Sloppy and in Narrow Range.
Already there are News going on this Stock in terms of Buy Back and Hostile take over by LT Infotech.
I expect Stock to continue its downside from here and keep falling. LTP 939 Expect Drop till 500 Level.
Would suggest to exit the current...
MCX is on date of change. Bearish Engulfing reflecting the same view. Expect price to drop from here. Accumulate on PRZ if shows Bullish Evidence, or Momentum Indecision.
Will Update the Target for Short Term once Trade is Active.
Testing critical support at the moment. if fails to hold then next support is 419. If takes support at current level or from 419 then Buy and Hold with Patience with CBSL 300 CMP 461.65
Cheers and Happy Investing !!!!!
IOC Important Hurdle at 160.4 Weekly Close above this Stock will Rocket. Looking at Momentum it is likely possible this will happen. Buy once stock gives weekly close above 160.4 and Hold with Patience. Cheers!!!!!!
IDFC Bank has given Breakout. Right now at key Level. Monthly Close above 51.75 would mean Stock will start its Bull run.
Position Trade Buy above 52.6 for Immediate Target 56
56 Important fib level. However if stock gives monthly Breakout then 56 will also break with ease.
Book 50% Position at Target and Hold rest till month end to see if we get Breakout....