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
Havells is constantly in down trend but I am hoping a turnaround after results Hoping for short covering and if turns then buy at around 620 with SL 610 target 650 I personally invested at 620 with little bigger SL
Nifty Spot is entering supply zone of 12370-12390 so few point higher 12392 can be considered a tough resitance that may be tested today or tomorrow(17 Jan 2020) So a close above 12392 may give a uplift for another 300-400 points Supports are at 11795, 11585, 11505, 11215 and finally 11008 Resistance is same 12370-12392
Apollohosp has given upside breakout so can be bought at 1620 for 5% target (1700 level) but at the same time, adjust qty to lesser side as SL will be quite big at 1590
Can be shorted at 352-353 with small SL of 356.50 Target at 336 But at the same time, we must be cautious for breakout at 356 so a stay above the range of 354-356 will lead to 372 SL at 350.80
aartiind can be bought at breakout of 920+ for target 1050 and SL at 895 Its in clear uptrend channel
Bharti has given breakout at 451 so a buy can be initiated anywhere as per your risk between 452-456 SL will be in range of 450-448 Target will be 470, 480
Voltas is trapped in triangle but mouth of triangle is not closed yet so once it rises, its good to short at around 662 SL 666, Target 650, 643
I will wait for its breakout/breakdown I am hoping an easy move of 5% in direction of breakout
yesterday stock has tested support 4th time with very small SL we can initiate a buy at 236 with SL 230 and target 266 If this support is broken, that will be confirmed below 328 and then target will be 295
Since 1st nov, stock is trading range bound in a rectangle upper resistance is around 1650 and lower support is around 1550 I hope whenever price breaks S/R, a strong move is expected with target of 5% SL can be placed at 2.5-3.0%
A flag is spotted in L&TFH Now I am waiting for an explosive, upside/downside move for atleast 5-6% in 5 trading days but wait for price to get out of flag, clearly
Drreddy is following a strong uptrend and currently at supply zone of 2878-2888 so we can initiate a Buy at 2880 with SL 2865 for target of 2920 but if it breaks this support and trades below then Short below 2878 for target of 2802
If TVS stays above 453 then can be bought for target 483 with SL 437 Trade small qty as SL is big For bearish view if it stays below 440-437 for sometime then can be shorted for target of 405-392 with SL 453
ACC has just formed triple bottom in a triangle which sounds to be good support so if it breaks immediate trend line then can rise upto triangle resistance So can be bought above 1425 for target of 1510 with SL close below 1410 In case it gives breakdown below support then can be shorted at stay below 1400 for target 1345 with SL close above 1422