Good Day Hello Traders, Dr LalPath Labs is good candidate for short if it starts trading below 2371 with a minimum traget of 2268 and if further slips then you can see 2133 - 2050 also coming in the near future. Trade cautiously with Stop Loss as per your capital and risk appetite. Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is...
Good Day , Hello Traders, IDFC looking strong as it is sustaining above 70 and it already did a breakout of the Trendline from the past (2008 / 2010 / 2015 / Aug 2022). People look for HDFC's , TCS's , RILs of the world. This is coming up as a good opportunity to invest for longer time frame.One can buy it with the Stop Loss of 61 and sit tight. Targets for...
Good Day Hello Traders, Reliance Industries (RIL) had to defend the level 2368 as below it will be a downtrend as it a heavyweight so lot depends on it to drive Nifty to the next level. Chart self explanatory However if you get any chance to grab it around 2150-2170 .Please grab it both hands as the reversal will quick and fast. Time Frame :...
Good Day Hello Traders, Praj Industries is coming out of big long consolidation of last since May 2021. Price consolidated between 287 to 448. Now its ready to enter into a different zone as it broke the all-time High. In the current situation where market are not looking good this stock had shown strength. As per Fibonacci , the next target which are...
Good Day Hello Traders, Bata India its at critical point of it started trading below 1757 then will be a good candidate for short. You can play for upside with strict stop loss, however majorly the trend is downside Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do...
Good Day Hello Traders, Laurus Labs is showing strength and its forming a triangle with the support from the Trendline from bottom.It had a major support between the range 465-485. If it comes into that range one can buy and accumulate. Once its start consolidating above 550-560 range it can show an upside. Disclaimer : I am not SEBI registered analyst, this...
Good Day Hello Traders, With Nifty IT Index falling from the All-Time high of 39446 to 26245 , a fall of 13201 points (-33.46% ) TCS with the weightage of 29.33% in Nifty IT Index made an all time high of 4043 made a recent low of 2926 (-27.62%). If it started trading below 3000 then can go as low as 2880 very sharply, but with the current scenario one can...
Hi Everyone, BPL looks for an upside.It needs to sustain above 43.5. Next target which looks evident from here is 61.60 a whooping 42.66% returns as it forming a big round bottom on the weekly chart. Trade Plan ------------- CMP - 41.95 Entry : 43.5 Stop Loss : 35.95 Target : 61.60 Risk : 7.85 / 21.94% Reward : 18.5 / 42.66% R:R = 1: 2.35 RSI also giving...
Hi Everybody, Amaraja Battery looks good for a reversal from these levels Closed on CMP 739.70 It is trading between a range of 757 - 730 since the last 15 trading sessions. Also, if one can see that the stock is in downtrend after htting the high of 1025.55 but no massive selling is coming as you can see that accumulation is gong around which clearly...
Nucleus Software looks bullish as it is forming a Flag and pole pattern RSI (Daily) : 37.81 RSI (Weekly) : 47.90 RSI (Monthly) : 60.92 I feel if it sustains the levels of 500 it will head for the levels of 850 . Please feel free to LIKE & SHARE your views and comments.
Hi All, This is the first time I am publishing the chart in my life. REC on a weekly basis is going strong, the view here is go LONG for a target of 169 and 184 in next few trading sessions, if one has an appetite to HOLD then it can give you the target of 224. Also it has to sustain the level of 150 strongly to move forward Price Closed on 18th Feb 2021 :...