Mindtree is traped in my fav. pattern Triangle so I am waiting to break this narrowing range of triangle and then a 5% move is expected either side
SBIN is now resting at crucial weekly level of 150 It has already tested this level 5 times in past I am expecting a bounce from here till 225 Time frame will be 8-12 months company is good and so is opportunity so if you dont wanna take more risk then buy half qty here and half at 98-115 (if comes) if it dont touch that level then enjoy profits on half qty
Balkrisind is now trapped between my favourite triangle and Fibo Breakout on any side will easily give 5% on that side So keep tracking....
Torntpower is trapped in range of 292-318 Now as I am not expecting any more bad in coming days so it may bounce from 296.50 levels to 321 in coming days SL being at 284.90 Time frame being 15 days
After showing wide movements, Now Britannia is narrowing its range which doesn't suits its nature Target on upper side is at 1340 and downward its near 1260 but as usual, if you wanna play risky then buy at lower lip of mouth of triangle for a 2% move
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