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SBIN Future Trading at All time Highs, After A huge consolidation finally Range breakout in the stock is seen. Stock has entered un charted Territory, And head towards 600-650 in the next 3-6 Months. We are bullish on the Stock on Short Term basis. And We are initiating Buy position in SBIN Future @ 555 With Stoploss of 530 For the Targets of 580-600 for Swing...
Deepak Nitrite has seen Fresh Trendline breakout on 4-Hour and Daily Chart.
Reasons to Buy Deepak Nitrite:
# Trendline Breakout Seen.
# Breakout After huge Consolidation.
# Stock already has seen significant correction from all time highs
# Volume on Breakout are decent.
Exide Industries look bullish for the next 5-7 days, We have observed trendline Breakout after huge consolidation and also backed by good quarterly results, I am Buying Exide Industries in Cash Segment Around current Price @ 160 For the Targets of 175-180 and Stoploss of 149.50
Aditya Birla Fashion Retail Limited Looks Bullish for Short Term on Daily and 4-Hourly Charts. I am Buying Stock at Current Prices @ 289 with Stoploss placed below 269 (50% Fibonacci Retrenchment Level) Targets Expected are 320/340 in the next 7-10 Trading sessions.
Reasons To Buy ABFRL:
# Stock is able to sustain above Resistance of 283.50
# Volumes on the...
Trendline Breakout is observed in Grasim Future, Stock is trading in momentum. Today Up by 2.5% with volumes. We expected stock to head higher from current levels, We are buying Grasim future for the Targets of 1750 with Stoploss of 1620
Kotak Bank on the Daily chart is on the verge of breakout, I am Entering into Long Position in KOTAKBANK future Around 1870 For the Targets of 1990 and Stoploss below 1815 (Time Horizon 15 Days)
Reason To Buy Kotak Bank:
# Stock Today Crosses 200 Days EMA.
# Falling Wedge Pattern Breakout Seen.
# Banking Sector Trading in Strong Momentum.
# Frontline Blue Chip...
DIXON (NSE) Cash Segment is trading up 2.32% Today on 17th August 2022. Is on the verge of breakout Above 4020 (CMP 4002), We Would like to Buy the Stock in the Cash Segment Above 4025 With the Stoploss Placed below 3945 and Eyeing for the Targets of 4225/ 4425 in the Next 2-3 Trading session. Expecting Good Momentum in the Stock.
Gujarat Narmada Fertilizers (GNFC) NSE has Seen Triangle Pattern breakout on the Daily and 4-Hourly Charts. We are Buying NSE: GNFC in Cash Segment at 780 For the Targets of 830 And Stoploss of 759.
Reasons To Buy GNFC:
# Stock Today is trading in Momentum is trading up 2.8% at 783
# On the breakout Candle Volume is on the Higher Side.
# Stock Today Sustaining...
Acc Cements Future has Seen Fresh Trendline breakout on the daily Charts and Stock is up 1.35% on the breakout Candle We are interested to buy Acc Future at 2305 CMP For the Expected Targets of 2395 And Stoploss 2280 (Time Horizon 15-20 Trading sessions)
Reasons to Buy Acc Cement Future:
# Trendline Breakout on Daily Chart.
# Trading Above 200,100,50 EMA's
Axis Bank has Seen fresh breakout of Consolidation I am Buying Axis bank Future August around CMP 742 with Stoploss of 729 And Targets Expected are 772
Reason To Buy Axis bank:
# Ascending Triangle Pattern Breakout
# Bank Sector & Pvt Banking Looking Bullish
# Stock Trading above 20,50,100,200 EMA
TATASTEEL Has seen Fresh breakout on the Daily and 4- Hourly Charts. When Observed on the weekly Chart Strong Support at 106 is seen in the stock. Stock Broke the Resistance Levels 106 Retested it and again heading towards higher levels. We are Going long on TATASTEEL Future at CMP 112.25 For the Targets of 120- 125 and Stoploss of 105.75
State bank of India On the Daily chart trading between Range of 430- 545 from last 2-3 months.
Currently Stock has hit the Higher side of the Range i.e. 545 and a Doji Candle formation followed by Bearish Engulfing candle Pattern formation is observed near Resistance levels. Also banking stocks looked to be over heated so there can be some correction in the...
NTPC On the Daily and Hourly Charts looks Bullish, We are entering into Buy into Cash Segment at Current Price 155 With Stoploss below 150 For the Targets of 165.
Reasons For Buy:
# Trendline Breakout
# Retest Breakout Levels.
# Continuing Uptrend.
# Quarterly Results in Line with Expectations.
Hind Perto Looked Bullish I am Entering into Long Position in HINDPETRO Future at 248- 249 For the Targets of 270 With the stoploss 239
Reasons To Buy HINDPETRO:
# Hind Petro Has seen Head and Shoulder Breakout on Daily Chart.
# Today Breakout with Volumes has been observed.
# Stock has seen Significant Correction from its swing highs of 358.
IEX (Indian Energy Exchange) I am Buying IEX Future around 163 With Stoploss of Today's Low 158 For the Targets of 175+ in the Next 15-20 Trading sessions. (Swing Trade)
# Share Price has seen fresh trendline breakout.
# Stock has crossed 20EMA on Daily and 4-Hourly Chart.
# Price Pattern on Daily Charts: Double Bottom "W" Pattern Seen.
# Stock has...
BATAINDIA has seen Trendline breakout on 4-hourly time Frame Chart and Looks very bullish, I am Looking to Buy BATAINDIA in Cash Segment around Current Price 1880- 1883 For the Targets of 2000/2100 And Stoploss 1770 (Time Horizon 5-7 Days)
Bharat Forge on 4-Hourly Chart looks bullish ass trendline breakout is seen at 698- 700, Not Stock Trading at 705, I am entering the Stock for the Swing trade around CMP 705 Expecting Targets of 750 and will place stoploss below yesterday's Low at 680.
BANKNIFTY Future, Trading around Trend Line Resistance, Also a bearish candle Pattern formation is seen around Trendline, Looking at the Technical Setup I am selling BankNifty July Future Around 36620- 36650 With Stoploss of Today's High 37050 Targets expected are 36000 Till Expiry.