Tata Chem has broken a good support S1 and the day charts indicate a possible downtrend. The 959-963 range looks as a good support range and can be used as a buy zone keeping stoplosses in place. Can expect a 1-1.5% move upside.
Sail weekly TF Long only if it sustains 90 in the coming week Short only if ascending triangle breakout from the downwards side.
IndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run. The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected...
Neutral as of now. Needs a good breakout from the base to take a short position. Targets are Given on the chart.
Tata Elexi made a Higher high after the recent Tata surge and made a double top after. It is a bit overvalued in this stage and if it breakes the the support , you might find a good shorting opportunity till it's base. Also for traders taking delivery , a good long opportunity can be seen near the target price.
After showing some recovery Post-Covid , Canara Bank is forming a Pole and Flag Pattern on the monthly timeframe. Since the Company Fundamentals are a bit weak, the Pole and Flag can turn into a symmetrical triangle as well. Earnings call are also in this month, so please long only when you see a good volume on the weekly candles....
I am a bit neutral on this idea untill I see a strong breakout from the demand side. After a strong breakout, please enter only after retest.
BP is trying to stay in the trendline- support area. A good buy can be seen at the 812-818 levels. long targets are given. please keep stop losses in place. cheers.
All Info Given on Chart Please keep Sl in place before entering
After Breaking the trendline from 25th March, the bull run is now in slowing down a bit. A good breakout and retest was seen and currently it's on a major support. If it takes the support, a small bull run can be seen till the nearest lower high. If it breaks, a good downfall can be seen.
A Hammer pattern is seen on the hourly timeframe. Even though we can see a ascending triangle, the bullish volumes are reducing. A long can be possible only when we can see it above 407-408 levels. A Short can be possible when it breaks the trendline and till T1-393, T2-383. Next week can help us get more info on this.
A good Breakout is seen on berger paints in the month of July and it has come to re test its support of 817-820. If it takes the Support, a good Long can be taken. Ps-Will be updating this idea after getting more information
A good breakout was seen on ASHOKLEY on Friday. If the bull Run continues then a target of 151 can be achieved. It is currently in the 133-134 zone of resistance so it might retest before going up.
After the Earnings Shoot-up, Asian paints has retracted a bit to its 0.5Fib levels forming a Double Bottom and a Falling wedge. Asian Paints has an ideal condition where it never believes in having a proper breakout(*sarcasm*), so in the upcoming week if the bull run starts , a gap can be seen on Asian Paints at the starting of the day which can ideally be...
Enter Only when a good volume is available when breaking the 2991-2992 resistance. Do not enter when a shooting star is formed after breaking the resistance.