Naren_Abbaraju

Naren_Abbaraju

Titan is currently at a resistance which it has faced multiple times previously in the range of 2500-2550. If it manages to break the resistance, further up move can be expected. Targets are mentioned in the chart. Considering global uncertainties and fall in US markets, the stock might also consolidate between the range 2400-2530. A trade can be taken if it...

Naren_Abbaraju

CAMS is forming a Symmetrical pattern in daily timeframe and is currently at an important support. A trade can be taken if it breaks out of the triangle formation or if it sustains any of the supports mentioned in the chart. Keep an eye on the price movement next week, a trade can be taken once a confirmation is received. Will provide further update on this...

Naren_Abbaraju

IT sector has been under performing from the last few months and the Nifty IT index has taken a major support in the range of 26300-26400. A similar pattern has formed in Wipro which has taken it's previous major support at the levels of 400. Since Wipro has corrected more than 40% from it's ATH, there is a high probability of sharp up move once recovery starts...

Naren_Abbaraju

Pidilite is on the verge of breakout after testing the resistance multiple times. The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level. Scenario 1 Once it sustains above 2550 an up move can be expected to the range of 2750. Scenario 2 In case the stock...

Naren_Abbaraju

SBIN is testing it's resistance for the third time and there is a high probability that it can give a breakout this time. BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through. 3 scenarios are possible; Scenario 1 Breakout in the range of 543 and move upside to the range of...

Naren_Abbaraju

After consolidating in a range for more than 4months, Tata Motors has finally given a breakout with good volumes and entered it's previous price channel. The stock can reach it's ATH levels in few weeks and can see more upside potential if it breaks it's previous high. A positional trade can be taken with the below targets and SL Target1: 532 Target2: 579 SL:...