MohanRanga

MohanRanga Updated 

Go short with target 180. Look for August Expiry 190 PE currently trading at 6.85, which can go up to 20.

MohanRanga Updated 

Long term trend is Bearish trading in a broad channel. Shown resistance at Major Trendline, stock can go down till previous tested Low.

MohanRanga

Bulls controlling the market for last 3 weeks, The Immediate target is at 300, if stop loss hits below 260, then Go Short.

MohanRanga Updated 

Mid-term trend was bearish (DROP), now Market is trending in Range between 540 and 575(BASE). In last month bulls attempted 4 times to break 575 level and they are gaining strength (moved the market by 50 points - 540 to 600) during last 2 weeks. Possible breakout above 575 will give 50 points up move.

MohanRanga Updated 

In past bulls have pulled up the market by 200 points, Bears failed to break 1300 area. Even a range-bound market needs a 100 points window to consolidate, the immediate resistance is at 1400(Target 1).