Kesari-Bath

Kesari-Bath Updated 

REDINGTON has today shown willingness to move up, by breaking through two resistane levels with good volume. My trade setup: Entry: 151 – 152. Target: 169 + Stop-loss: Close below red-line.

Kesari-Bath Updated 

MOTHERSUMI (Motherson Sumi) has completed a short-term correction and is poised for the next leg of upmove. 253 and 270 are the next targets in my opinion, with a day close below 220 as SL. Disclaimer: This is not a trading recommendation, but is only a predictive analysis for information and follow-up. NEVER trade without a protective stop-loss in place.

Kesari-Bath Updated 

EIDPARRY is beginning an upmove. It has broken the trendline support and intermediate support and started moving up. I would look for targets of 470 and 515, with a stop-loss if the trendline support is broken.

Kesari-Bath Updated 

FSL has formed a cup and handle pattern on the weekly chart. A target of 250 is on the cards in the next few sessions, with a day closure below 192 as stop-loss.

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ZEEL (Zee Entertainment) is showing all signs of hitting new highs of 415. Disclaimer: This is not a trading recommendation, but is only a predictive analysis for information and follow-up. NEVER trade without a protective stop-loss in place.

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GRSE (Garden Reach Shipbuilders and Engineers) has finally broken through the long term resistance very convincingly with significant volumes. MACD is also in buy mode. Entry: The risk-savvy investor can buy at the CMP where as the risk-averse investor can wait for a minor pullback towards 245-250 zone (38% retracement of recent upmove) for entry (a pullback...

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City Union Bank (CUB) has given all the right indications for a bullish move in the coming weeks. I am looking at a target of 215 (23% upmove) in the coming weeks. A weekly close below 150 should be the stop-loss setup. Disclaimer: This is not a trading recommendation, but is only a predictive analysis for information and follow-up. NEVER trade without a...

Kesari-Bath Updated 

After breaking away from the triangle pattern DWARKESH (Dwarikesh Sugar Industries) has taken support at the previous short term resistance for the last three sessions and has begun an upmove today. All sugar industries are on a bull run; Dhampur Sugars is also on a similar pattern. A quick target of 82.50 is on the cards with potential to go even higher.

Kesari-Bath Updated 

After a long bullish trend from April 2020, AXISBANK was consolidating in an ascending triangle pattern. It has now broken out of the pattern on closing basis, indicating probable continuation of the original bullish trend. Targets are 855, 905 and 970. A close below 760 should be taken as stop-loss. Disclaimer: This is not a trading recommendation, but is only...

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ASIANPAINT is bouncing from a very strong support level. I don’t foresee any significant downside from here on. A target of 4250 in the coming weeks is likely. A weekly close below the 50-EMA should serve as the stop-loss. Disclaimer: The sugggestions here are only for information and follow-up, and are not trading recommendations. Trading at your own risk. ...

Kesari-Bath Updated 

AARTIIND is on the verge of giving an opportunity to go long. The chart is self-explanatory. I will wait for one of the three price development scenarios to take effect before making a long entry, paying attention to a significant volume increase as a key for entry. For me, 1030 to 1040 is a good target band to take profits. A close below the long-term support...

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DIVISLAB has bounced from 20-EMA and broken the previous resistance based on LTP basis. It is poised towards 5800 levels with 4900 as stoploss.

Kesari-Bath Updated 

MOTHERSUMI is moving in a parallel channel. The impending cross-over of 20 EMA above 50 EMA, and price closing continuously above 50 EMA in the last few sessions indicate bullishness. I would look at 242 and 250 as short term targets, with a close below the green support line as stop-loss.

Kesari-Bath Updated 

GMRINFRA is looking good for a target of close to 34. A strong close above the 50-EMA, triple bottom with strong support at 27.35, MACD and RSI – all these indicate a significant upside potential. I would buy 50% of volumes at the current price and rest 50% once the price crosses 30.

Kesari-Bath Updated 

A very interesting cup-n-handle trade setup is developing in BATAINDIA. The cup is already formed and the handle is currently in development with two possible lows for the handle: (1) around 1635 and (2) around 1600. The scenario (2) is more likely since this is the more frequent S/R level seen in several instances in the past 2 years, with a major support in...

Kesari-Bath Updated 

ASIANPAINT is forming a cup and handle formation, with MACD in buy mode. I would go long with a target of 3350 and a stop-loss of 3010 on daily closing basis.

Kesari-Bath Updated 

Buy only when the price falls to the support area marked "buy zone" in the chart.

Kesari-Bath Updated 

I expect PIDILITIND will retest the previous high. The pull-back to channel centre and the second break-out is very encouraging. Details on chart.