Dreddy has given a breakout from the a trend line and looks like it is setting up for a good momentum
Hold till month end October
Entry- CMP
SL 4849
Target - 5430
R:R - 1:5
Bandhan Bank is showing signs of a breakout and has been squeezing with trend line for a long time so a breakout seems to in sight.
Enter CMP
SL 275
Target 330/350/370.
SBILIFE is showing signs of a weak breakdown (market has not confirmed it yet) from the trendline.
Wait for the stock to cross 1195 which will lead to confirmation of a breakdown.
Enter - 1195
SL - 1220
Target - 1100
R:R- 1:3.8
UPL has been in a bearish channel for quiet a while now and now the stock is at support of 700 with some bullish price action on smaller time frame.
So going long from here would require a very small SL with good R:R.
Entry CMP
SL - 695-696
Target - 770
R:R - 1:4
Bearish Trendline break and then showing support near/on the trendline with a long tail so bullish on the stock.
Entry if it crosses 225
SL at 218.5
Target 248
R:R = 1:3.5
PVR Ltd has formed a reliable triangle pattern on a monthly chart along with Nifty media index ready to bounce from a trendline on the daily chart.
The stock has started showing volumes and currently showing support on the levels of 1300 on daily chart.
Current Market Price: 1335.
Target price is around 1800-2000 and target date is Jan 2022.
Stop Loss : 1280
AXISBANK is holding near its pre-covid high and has started to form a triangle which seems to be breaking on the bullish side.
Enter on the trade with full quantity once there is a breakout before that can enter with 25% or 50% quantity.
Target is around 800-810 levels.
