After a decent downfall along with market, SBIN is now range bound between 178-200 for a long time a breakout in any side will give decent return of around 7-8% waiting for breakout.... (check volumes as well) if a risky trader then trade between these levels Buy at 178 and Sell at 198 with tight small SL's
After a rally from 1720 to 1880 a consolidation is spotted in tcs in form of narrowing triangle where 1800 seems to be immediate support we can play our usual breakout strategy for easy 2-3% move either side if volumes too support then move can be of 4% upside final target 2000 downside final target 1600
If SRF keeps trading below 3300 then can go up to 3150 If SRF trades above 3500 then can go up to 3610 Range of 3300-3500 is an oscillating range and won't give breakout in this range if risky trader then trade in range like sell at 3480 with small and strict SL
As per past data, Nifty may find support around 10674 to 10564 Time limit will be till next monday only Nearby supply zone is 10919 to 10900
My favourite triangle is spotted in biocon if can take risk then buy around 306-307 for 318 with SL 303.90 else wait for clear breakout or breakdown upper side breakout will be around 310 with target 325 and lower side breakdown will be around 305 for 293 SL in both cases will around 3-4 points or as per your risk
315 is a decisive level for marico so its good to short this scrip as it approaches near 315 with small SL of around 316-317 for trgt of 303-301 Broader trend is down only A stay above 315 will blast it upto 335 In case you want to contra trade then can buy small qty at 303-304 with SL 299.90 for 314.50
an upward trend channel is spotted in axisbank so we can initiate a long at around 753 for target 765 with SL 749 (around) At the same time if stays below 750 for 15-30 mins then a short position can be formed for target 732-734 with SL 754
Bataindia is in uptrend channel so can be bought below 1810 for target 1880 & 1925 with SL of 1796
we can initiate a buy in heromotoco at level of 2365-70 for trgt of 2490 but place strict SL at 2355 (trades for 10 mins) If it breaks this channel and falls then Sell can be initiated at 2352-2348 for trgt of 2290 while SL be at 2370
Level of 452 is crucial tatasteel has already given breakout from flag pattern but its not confirmed yet volumes above level of 452 will confirm it and target will be 466-470 SL must be placed at 446.90 trading below 447 will drag it to 428-430 levels
After taking support at 615-616 mcdowell-N is near resistance of 648 if it breaks with good volume, then next level will be 664-666 But if it keeps trading below 645 then it will again drag it to 616 level SL in both cases will be 5-7 points
As a broader trend, tataelxsi is reversing its fall and now as 90% of fall already covered, I expect more uptrend During current uptrend, it has shown flag prev. also But as current market is very dicey so for buy entry we must wait for sure breakout above flag or if you want SL lesser than wait for demand zone of 925-930 targets in all cases will be supply zone...
Level of 88 is crucial so watch it today if stays above it then 96 if stays below then 80 SL will be of around 2 points
This stock is at a very crucial zone of 272-276 If it stays above this zone then target will be 320-30 if stays below this zone then target will be 240-30 As this stock can show wild movements so SL will be big at 5-8 points I will watch it for coming days
A buy can be initiated in stock in range of 1695-1705 with SL 1688 for target of 1820
Coalindia is currently trading at very decisive point we can initiate buy at 189 with SL of 187 for target of 208
there is short uptrend spotted in ambujacem so stock can be bought above 210 between 211-213 for 224 SL at 209 For short term, 210 is decisive level....
A triangle is spotted in rblbank lets wait for a breakup or breakdown A move of 5% further is expected in direction but still if you are highly risky then can initiate a buy at 322-23 with 318 as SL and target at 358