Adam & Eve Bottom formation on Mindtree, Long for Tgts 535-576, Stoploss : Just below 433
Go long above 1500, stop 1380, tgts 1738-1750
Go short below 11700, tgts 10600, stop just above 12035.
Sell with a Stoploss : 3660, Tgts 3390-3340,
Buy range 815-820, Stoploss : just below 795, Tgts : 880-920
Buy tgts 957/ Higher, Stoploss : just below 910
But for tgts :234-242, Stop loss : Just below 220
Outlook : The stock has been consolidating in a range of Rs 241-210 from March 2017 till date and seen constructing a higher troughs & lower peaks forming a pattern “Symmetrical triangle” (red converging lines), which is considered to be indecisive in nature. The said pattern generally regarded as a period of consolidation before the price moves beyond one of the...
Sell below 397 Targets :382-365 Stoploss : Just above 416
Targets : 549-535 Sell range : 635-625 Stoploss : 651 Duration : 3-4 weeks Outlook : Daily chart of this Pharma stock (Aurobindo Pharma Ltd) is showing a sharp down trended move over the last couple of weeks. The stock price has witnessed a downside breakout of the triangle like pattern on 21st Apr 2017(red converging lines) and slided further...
Targets : 320-305 Sell range : 351-359 Stoploss : 375 Duration : 3-4 weeks Rationale : The attached daily timeframe chart of this Public Sector-Bank participant (Indian Bank) is indicating a beginning of a sharp weakness in the stock price, which is trading within 6.0% of Two Year High of 365.0 touched on 16-May-17. The gradual upmove of the...
Targets : 367 / Below Stoploss : Just above 416 Duration : 15-20 Trading sessions
Targets : 399-378 Sell range : 427-420 Stoploss : 452 Duration : 3-4 weeks Rationale : The attached daily timeframe chart of this Oil drilling & Exploration sector participant (PETRONET LNG) is indicating a beginning of a sharp weakness in the stock price. The stock has hit 52 Week high on 22-May-17, this gradual upmove of the last 4-5 months...
Targets: 639-616 Sell range : 683-673 Stoploss : 709 Duration : 3-4 weeks Rationale : : Attached Daily timeframe chart of The Ramco Cements is indicating a bearish trend reversal, as the stock price has given a negative breakout from an upward sloping channel, with sudden rise in volumes. The attempt to move up in the last couple of months have...
Targets : 489-475 Sell range : 565-575 Stoploss : 620 Duration : 4-5 weeks
Buy above 570 Targets : 600 / Higher Stoploss : Just below 543
MAY REVERSE TILL 715-740, Stop placed below 655.
Inverse "Heads & Shoulders", "Triangle breakout" Buy for tgts of 1008, Stop : Just below 848