SpiceJet CMP: 77 SL: 45 (Monthly Closing Basis) Target: 108 / 130 / 155 Note: Fundamentally business is not doing great this is purely on the basis of Technical view. Previous Cup & Handle patterns 1. 2. 3.
Bandhan Bank Looks good for Longside CMP: 217.40 Good level to Buy now & buy (Purely Investment purpose) SL: 152-150 (WCB) T1 = 260 T2 = 335 T3 = 425 Disclaimer: Partially invested might add some here.
Federal Bank On a monthly time frame it's forming a Pole & Flag pattern. Technical Target = 185+ SL= ~120
Piramal Pharma Ltd #PPL CMP: 151 SL: 114 (WCB) Targets: 175/ 196 / 230
Laurus Labs: 440 SL: 360 (WCB) Targets: 540 / 605 / 655 / 700 Buy Once we get weekly closing above 451
Mahindra Lifespace #Mahalife CMP: 620 - Buy on Dips SL: 482 (WCB) Target: ~865
Wipro: 470 Strong breakout after 553 Days (1.5 Years) with rising volume T1: 532 T2: 613 T3: 740 SL: Stop-Loss for Safe players should be 402 on Weekly Closing Basis.. Risky Players can place stop loss below previous Swing low 380
Maruti 10,300 | Principle of Polarity Keep strong eye on Orange Trendline. One can make long position with Strong SL as Orange Trendline.
Godrej Properties: Cup & Handle breakout Buy on Dips & get ready for 2525
HDFC LIFE: Flag Formation Weekly Time Frame CMP: 667 SL: 600 T: 700 / 760 / 840 / 880
If the Weekly closing comes below the blue trendline we can see a downfall till Orange Trendline. One can Short with a SL of 1,676 (Current candle HIGH) for the target (Orange Trendline) approx 1,360 CMP: 1628 SL: 1,676 Target: 1,360 Risk = 48 points Rewards = 268 R:R = ~1:5
CMP: 165.25 If Monthly closing comes above the trendline one can take long in this counter. SL would be little deep (Previous month low) 122.6 T1 = 195 T2 = 233 T3 = 394 P.S: This chart is based on monthly TF. Targets might take a lot of time so invest/trade accordingly Disclaimer: Not a SEBI Registered. Not a Buy/sell recommendation
JSW Steel CMP: 809 If weekly closing is below 825 one can short this can be pre-empted with SL of 830 (WCB)
Vedanta CMP: 283 If this flags breaks down we can see 245/209 levels.
Praj Industries - Breakout after long consolidation for 26months (2+ years) This can be a preemptive trade (Partial buying can be done) since this is a monthly candle. If someone who isn't willing to take risk can take trade after this monthly candle is closed. CMP: 474
Looks Weak on Charts Keep upper trendline as SL for the target of lower trendline. SL: 1015 Target: 950 / 930 / 910
Short LT with SL of 2265 for target of 2120 CMP: 2,220 Risk reward in favor
Reliance Industries: CMP: 2,203 Crucial Line - 2170-2180 Blue line is crucial if it breaks on a weekly basis it can test yellow support zone.