Buy above @ 3320
Stop loss @ 3120
Upside target @ 3740
Technical :- On the daily chart Stock Formed ascending triangle pattern, according to this triangle pattern upside target is 3740. ( Note:- When price move above 3320 you can create long position in equity cash segment ).
If Tuesday morning market open around 14700 you can go in short side for the target of 14200 with the stop loss of 14800 . When price goes to below 14200 , you can build the long position for the target of 15000 / 15200 with the stop loss of 14000.
Technical :- There is multiple harmonic pattern formed, So let's see what happened..?
There is falling wadge pattern formed and breakout it. Volume is also supported this breakout, So good time to buy this stock and 2021, the government sector stocks will remain in the focus. If you are interested you can invest in this stock. Risk Reward ratio is very favourable.
Buy @ 50 - 55
Stop Loss @ 28 monthly closing basis
Upside target @ 117 then...
Buy Infra sector stocks, because there is 12- years resistance breakout on the monthly chart. I think Infra
sector will outperform in 2021. So let's see what happen.
Disclosure:- Before taking any position, please contact you financial advisor and do your on analysis.
So I'm not giving any stocks recommendation.
Nifty can touch 12000 levels by end of feb.
Because; On the daily chart 5 impulsive wave has been completed. Now 3 corrective wave patterns have to be completed, whose target is 12000 level. And the breakout level of Nifty is also 12000, So definitely come to retest it by end of the feb. series. Let's see what happen.
Long sbin stock in ( cash market ) for 3 to 6 month prospective.
Buy @ 200
Stop loss @ 189
Target @ 245
For hedging :- Short 220 CE @ 8 ₹ September Series expiry
Your downside risk is only ₹ 3
Technical :- There is a tremendous breakout in the stock with volume supported.
There is inverted head and shoulder pattern formed, this is a accumulation zone
So when sbi breach 200 level you can buy aggressively for the target of 240.
For more information about the sbi you can watch my previous sbi post.