Mayur_Undale

Mayur_Undale Updated 

Reliance Industries chart has formed an Ascending Triangle Pattern. Volumes are increasing and MACD is above 0. Target of 1592. Trade for following targets: T1: 1353, T2: 1472 & T3: 1592. SL: 1115

Mayur_Undale

Ajanta Pharma has formed a flag pattern. Possible Target of 1882 in 17-18 trading sessions. Strong volume increase, breakout on MACD & RSI gives signals for upside target. Price breakout on 10 & 21 DEMA. T1=1590; T2=1882 SL=1110

Mayur_Undale

Here SGX nifty chart is taken into consideration. Price in Nifty is contracting with a rising wedge pattern. With declining volumes there is a possibility that Nifty will find ot very difficult to cross 10,000 and will crash from there. watch for another 10 -12 trading sessions for change in Nifty strategy.

Mayur_Undale Updated 

With falling crude prices due to lower demand Asian Paints is moving up for gains. With increasing buy volumes and stock crossing short term EMAs, look for nearly 5% jump in the stock price in short term. Price may move up to 1930 in 5-6 trading sessions.

Mayur_Undale Updated 

Infosys has formed a double bottom pattern. Infosys has seen buying in the last few sessions and delivery based volumes are increasing. RSI and MACD breakout appears on the chart and its right time to grab the stock and buy it for going long. It can go upto 712. Considering buying stock like Infy. Time duration 7-8 sessions.

Mayur_Undale Updated 

Auropharma Sell - H&S downward pattern. Target 353.

Mayur_Undale Updated 

06 Aug 2019: Good results from Pidilite. Better than expectations. Can see the stock going up as ascending triangle pattern forms. If the next candle closes above 1310 then huge upside can be seen in the stock. CMP 1308.70. T1- 1330, T2-1360, T3 - 1400; SL - 1278.

Mayur_Undale Updated 

NSE:DREDGECORP Go long on Dredging Corporation for a target of 500 in 30 trading days with a stop loss of 365. Price breakout at pennant -flag patter with increasing volume, RSI moving up and MACD line crossing MACD signal line. All positive triggers.

Mayur_Undale Updated 

Date: 06 July 2019 Marico (CMP: 378.80) has the quarterly result on 01 Aug 2019. Buy Call. Ascending Triangle pattern formation taking place in Marico. The next candle has to close above 380 and sustain. Target: T1-390; T2-400 Stop Loss: 368

Mayur_Undale Updated 

Tata Power (Sell) is moving in a channel. and after breaking the 200 DEMA level the stock has sharply corrected. Downward target at 65. Maximum Puts at this level.

Mayur_Undale Updated 

NTPC: has broken the channel support. Price target on downside T1: 127, T2: 124.5, T3:122; SL: 134.5

Mayur_Undale Updated 

Adani Enterprises trending negatively. Price breakout at the Descending Triangle pattern and breaking down below the consolidation zone. Target T1: 125, T2: 120, T3: 115; SL: 136

Mayur_Undale Updated 

Buy Call - Date: 25 July 2019: Flag Pattern breakout today on Daily and can also observed on Weekly chart with strong buying volumes in the last 3 days and last 9 weeks (weekly chart). Target- T1: 220, T2: 230, T3: 240; SL: 200. Risk to Reward Ratio = 1:2

Mayur_Undale Updated 

Sell Call: Century Textile (CMP: 931.65) Target T1: 920, T2:900, T3:880; SL:960 With increasing sell volume in the last 2 days, price breakout can be seen on the Triangle Pattern towards the downside. MACD is negative and RSI below 50.

Mayur_Undale Updated 

Breakout on downside at the cup and handle pattern and symmetrical triangle pattern as sell volume increase in last 2 days. Downward target at 44.75 in the next 50 days time frame from CMP 54.05. Stock is already trading way below all the Daily moving averages. Strong sell can be observed.

Mayur_Undale

Bharat Financials: Go short with target of 860 in 12 days. Stop loss at 905.

Mayur_Undale

29 June 2019. Wipro Weekly chart. Wipro moving in an upward channel. In the short term, it may fall to 275 levels to bounce to a 300-320-330 price target in the next 30 trading sessions (45-50 days). Watch out if it breaks below 275 then it may fall till 260 to take support where the 50 DEMA is placed.