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
An uptrending channel is spotted in jswsteel so a buy can be initiated at 265-66 with SL 263 for target of 285
BankNifty is nearing demand zone of 30850-30900 I expect a bounce from here till 32000 Currently market is very volatile so better you mix your strategy as well, with my view SL will be big at 30500 but still I feel it has potential to move till 32000-32200
The immediate trend in Heromotoco is downside So I expect it go more down I recommend a short in Jan Future at 2410 with SL 2420.10 Targets placed at 2380, 2360 in a day or two
A flag is spotted in Murudcera A buy can be initiated at 21 for target of 26, 30 with SL at base of flag i.e. 19 Do less qty only