Mid term bet - Making higher high and rounding bottom, good to buy with appropriate stop loss - below recent low in weekly chart around 600, stop loss is 20% away. Mid term target above 1100 almost 50% from current levels
SWING TRADE
MAKING LOWER HIGHS AND TRADING IN RANGE, ANY SIDE BREAK CAN GIVE GOOD OPPORTUNITY TO TRADE.
TATA MOTORS LOOKS GOOD FOR LONG, If prices sustain above 342, 15 to 20 points rally possible in a week.
be cautious ahead of result, HDFC bank result on Monday, Divergence in RSI suggest that we may see some correction in price. on 21st July stock attempted to cross 52week high of 1715.60(BSE) but it failed.
i m expecting more downside to come, Lets see whether this is real breakout or fake
a positional trade can be taken in BSE @ 1015 for the target of 1050, with stop loss of 990.
Zeel price in downward channel, has good support at 505 A long trade can be taken at 514-515 with stop loss of 505
is it head & shoulder pattern,? if yes than short trade can be taken below 710 or will it take support at 710.
Bharti Infratel has taken support at 377.40, Intraday Long trade can be taken at this level. see market trend before taking long positions.
colpal chart has formed scallops ascending and inverted, average rise for this pattern is 43% Also since last few days higher delivery percentage of quantity, also stock is near its 52week high.