Piyush-Gupta

Piyush-Gupta

BANKNIFTY is trading in a channel. Long should be initiated only above green line. Short to be initiated below red line. Safe trader can do short below purple line.

Piyush-Gupta

Chart is self explanatory

Piyush-Gupta

CANBK if break 234.40 tomorrow will do 238.5 intraday. Keep on watch and trade only above 234.40

Piyush-Gupta

CADILAHC has closed above 265-266 on Friday. This level has been breached after very long. In hourly time frame, CADILAHC is in a upward channel. This should be on watchlist for Monday. If sustain above 266-268, should continue strong in upward trend. Looking at the hourly chart, if 265 is not sustained it can come down till 261-260 level

Piyush-Gupta

UPL has strong resistance at 580. It has closed with high volume around 580. On 23-Dec (Monday), if it sustain above 582, will be good candidate for long. Otherwise due to triple top formation, it can be shorted below 575.

Piyush-Gupta

DRREDDY is trading in a channel. Breakout from yellow line in chart (2810+) will push stock to 2950/2980/3000

Piyush-Gupta

PVR has given Flag pattern breakout on daily time frame. If closes above 1858, can go strong.

Piyush-Gupta Updated 

Chart is self explanatory

Piyush-Gupta

HINDALCO, if closes above 211 can be good positional pick for 218/228 targets.

Piyush-Gupta

Maruti has given close to important trend line resistance. BO on Monday can push maruti on next 2 targets as highlighted in chart. Maruti should hold above trend line for inital 15 mins of opening to move upward.

Piyush-Gupta

TITAN is trading in rising wedge pattern for past few days and has given closing on lower end of wedge again. Rising wedge is traditionally are continuation pattern and breakdown from this wedge is most likely. Stock to watchout for Monday

Piyush-Gupta

YESBANK is trending in symmetrical triangle on 15 min time frame and is closing to climax. Should be on watchlist for Monday for either Breakout (BO) or Breakdown (BD)

Piyush-Gupta

IRCTC has given breakout from descending triangle (yellow line) and has some resistance at 903 level (blue line). IRCTC always work well with BO of descending triangle. Should be in watchlist for 16th Dec

Piyush-Gupta

HDFCAMC is trading very close to lower end of its channel. Stock has show tremendous uptrend in last few months. This should be in watchlist for swing position if it start it journey to upward boundary of channel.

Piyush-Gupta

IDFCFIRSTB has given closing above long term resistance line. If it sustains during opening session on 2nd Dec 2019, it should be good for both Intraday & positional. Level highlighted in chart.

Piyush-Gupta

IBULHSGFIN on 28th Nov gave closing very close to lower end of its year long wedge or channel. On 29th Nov, it started with good momentum and entered the wedge but failed to provide closing and fell more than 25% intraday to close below long term band. More downside should continue for stock. It can be good positional pick if it closes within its channel...

Piyush-Gupta

BANKBARODA has given H&S breakout. Important levels highlighted in chart. Should be good long opportunity.

Piyush-Gupta

INDUSINDBK has crossed another hurdle at current level of 1565. Next resistance is at level 1570-1675. Stock can be bought once it in range of 1560-1568 for target of 1570. SL should be 1530