After a massacre of Tata Stock, On Friday we saw some shortcoverting in tata stocks. Trend is broken down, hence one should use this bounce to short. Price retraced to 200 EMA and took resistance , also there is a Fiblevel which will act as resistance. Short Target 1- 534 Target 2- 528 SL- 550.
Keep it simple stupid Inox Presenting Good Risk to Reward. Trading with rising trend line and above FIB Support. Target 1- 292 SL- 264 Like it if you love it :)
If Castrol breaks the neckline that this can test the first Trendline support. Intraday or for couple of days keep an eye and short this on confirmation. Target 1- 452 Like it if you Love it :)
Auropharma is in a channel and should complete the 4th wave before moving up. Rather than selling at current level, I would be a buyer near 780-800 zone. Keep an eye.
On weekly charts, Bharti Airtel is moving towards very stiff support region. Strategy:- Cash buy now and on every fall till 280. Small SL 265 Positional Target - 340/360 in couple of months. If someone holding it for long time can average it out with above levels.
Buy PNB Gilts for 20-30% Upside within a week or so. It has moved up with huge volume, giving a big bull candle. Hence recommending this. WATCH OUT FOR PITCHFORK Lines for resistance/support and guidance.
Was bit late to identify this, but still looks good for POSITIONAL SHORT Target 1- 970 Target 2- 940 SL 1030 Trail the SL
After a V fall downwards, Tata coffee has entered a accumulation zone. Dont buy now, wait out the volatality.
There is very visible and clear support and Resistance on Daily Charts for HindPetro. Break of these levels on Closing basis should give us the direction for future. Double Top on Charts and weekness in all OMC shares suggest that we will head down. Hence, Giving this call on short side. But take positions only post close above or below the levels.
Relcapital on Hourly charts is trading in a range (BOX) Breakout from this box will be important to take any trading positions. Given the targets and SL for both (Long and Short), Lets see. Bias is negative as it trading below Pivot Point and also momentum indicators are showing weakness. Will take my position only on breakout.... Like it if you love it :)
Nifty has to break this sequence of Lower High and Lower Low to continue its uptrend. Some Support and Resistance shown via FIB Tool. Traders can keep an eye on them.
On weekly charts, Allsec has given a break out from FLAG Pattern. The week is still not over yet hence we need to wait out till friday for the confirmation. This can do what Aptec did for us, Keep it under radar and buy for targets of;- Short term:- 326/350 long-term- 500
Ipca Labs- What will happen now. Will it move up break the trend line, Or this will crack through short term Trend line and Take support at long term one. Your views are welcome
HUL is currently at Gann Line support coinciding with Fib Pivot Point Support on daily charts. Today with help of BAD news in this counter it will open below the support and go down further till 840 levels. Sell Target 1-- 840 Sell Target 2- 820 SL- 868
Disclaimer:- High Risk High Reward.** No Personal Interest** The stock has given a breakout after creating a good base formation. One can buy this for momentum trade. Targets on the chart. Like it if you love it :)