About meMy ideas are based on my technical analysis and setup.
The purpose of sharing charts is that max people can take advantage, make some gains, learn and minimise speculative trading.
SBI Bank - CMP 338
Looking good to go long at cmp with SL 300 on closing basis.
Possible initial targets - 375/425
Reason:
1. Hidden bullish divergence
2. Retraced more then 61.8% from the top and trading near strong support area.
Dmart - Cmp 2802
Can long at cmp with sl 2600 on closing basis.
Reason:
1. Morning star candle forming at the base of the downtrend near support area.
2. Positive divergence.
Symphony - A good opportunity to go long at CMP 1182 with SL 1150 on closing basis for possible initial targets of 1320/1385/1450
Reason -
1. Favorable risk reward ratio, near to support area.
2. Rsi showing hidden bullish divergence.
Sbi Cards - Cmp 906
Can long at cmp for initial targets of 980/1135 with sl 960 on closing basis. Medium target 1200 plus.
Reason:
1. Bullish divergence in RSI
2. Favorable risk reward ratio as near to support area.