SBI has given a decisive breakdown from a symmetrical triangle on daily timeframe. Initiate short in the stock. Target: 150/145 Stoploss: 180
Rallis India has broken below from what appears to be an ascending triangle. Initiate Sell. Target : 192/182 Stop Loss : 216
Tech Mahindra after having completed the Five wave Impulsive move, is retracing the rise. Sell. Target : 515 Stoploss : 535
HDFC Bank is forming what seems to be a Head & Shoulders top on hourly time frame. Initiate Sell. Target: 845/825 Stoploss: 955
ZEEL has broken above from the triangle pattern. Initiate Buy. Target : 180/185 Stoploss : 155
Asian Paints has broken above the falling trend line on hourly time frame. Initiate Buy. Target : 1620 Stoploss : 1520
Hindustan Unilever has given a break above the cup & handle pattern on 15 min time frame. Initiate long. Target : 2075 Stop loss : 2024
Sell Sun Pharma. Target : 430/410 Stoploss : 469
Silver has given a clean breakout from symmetrical triangle pattern on 15 mins time frame. Initiate long. Target: 15.840 Stoploss: 15.440
SRF has given a breakdown from a descending triangle pattern on 15 mins timeframe. Initiate short. Target: 3543 Stoploss: 3660
Bullish Gartley, a Harmonic Pattern has formed in Interglobe Aviation on Daily Charts. Initiate long for the target of 1145. SL should be below the D point i.e. 865.
Bajaj Finance has managed to trade decisively above the falling trendline resistance with an uptick in Volume signalling a bullish reversal on short term charts. Buy for the targets of 2566/3000 Stoploss - 1980
Manappuram finance has given a breakout from an ascending triangle pattern on Hourly chart. Buy for the targets of 138/140 Stoploss: 112
Page Industries having completed a rounding bottom, has given a breakout from Cup & Handle Pattern on hourly timeframe. Buy on a Retracement towards the level of 18000. Look for a target of 19800/20000 Stoploss at 17700.
Support and Resistance lines act as good levels for entry and Exit. In the chart of Vimta labs, two resistance lines are drawn. The way to trade this setup is to either go long after the breach of first resistance line or to wait for the stock to retrace after the second touch of the resistance line. Go long either around 76-77 or after 88 is taken out. Target-...
Ujjivan Financial Services has broken below from the symmetrical triangle chart pattern. Initiate sell. Target : 135/130 Stoploss : 173
On Daily Time frame Bank Nifty has breached the trend line drawn from connecting all subsequent lows from March 23 and could possibly go all the way down to the lows witnessed on 23rd march. Sell. Target: 17300 Stoploss: 19900
IndusInd Bank has broken below the descending triangle pattern on 15 mins Time frame. Initiate sell. Target : 415/412 Stoploss : 444