Continue in sell mode, Above 1610 bearish view negated
Targets :95-88 Sell Range :115-118 Stoploss :126 Duration :4-5 weeks Rationale : The attached daily timeframe chart of this Private Sector-Bank participant (Federal Bank) is indicating a beginning of a sharp weakness in the stock price, which has jumped more than 50% in last six-seven months and is currently trading within 8.0% of its all time...
Targets : 220-225 Buy range : 200-205 Stoploss : 187 Duration : 4-5 weeks The share price of Petronet LNG is currently placed at a major value area around 203-205 levels. The corrective decline of the last two months has the underpinning characteristics of a secondary correction within the larger uptrend. We believe the stock is likely to form a base...
Targets : 800-820-845 Buy range : 750-760 Stoploss : 710 Duration : 4-5 weeks Outlook : The key observation on the price chart of L&T Technology Services is that the stock has recently registered a breakout above the upper band of the “Falling wedge” like pattern with sharp surge in volumes, encompassing the entire decline since June 2017 high...
Bullish gap up Candlestick pattern was formed by the underlying on 06/04/2017 Share is making strong moves on recent weekly chart. Such movements may give an opportunity for short term trading. Chart structure has formed a “ cup & handle “ like formation, as breakout has occurred with supportive volumes, Further oscillators are trading in overbought territory,...
Buy above 387, Stoploss 320, Targets 487/ higher
Journey towards 10800-11000 Bulls can pull breaks below 9784
Buy above 229 , Targets 287 / Higher , Stop just below 198, Duration 4-5 months
Buy @ CMP with a Stoploss : Just below 291 Targets : 400-410 Also accumulate on dips (315-325)