Union Bank is at a very strong support zone and might bounce off it. One should wait for a single day candle to close above 126 mark to enter long. RSI shows upward momentum and MACD is about to cross over.
Enter trade - 126-129
1st profit target - 140
2nd profit target - 150
3rd profit target - 180
Stop loss - 104
Please do your own research before entering the...
HDIL (NSE) for some time is trending in a rectangle and currently at a very strong support zone. It seems to be bouncing off it. It a good opportunity to go long. I am waiting for 1 day candle to close above 52. RSI shows a reversal however MACD is yet to cross over.
Three things to keep a note of-
1 day candle closes above 52.
MACD crossing over
Nifty 50 is in a upward trend. To sustain it a correction is necessary. Between feb and march Nifty 50 might retrace to 0.618 fib levels. That would be around 10500. RSI shows a down trend and MACD is also moving towards a cross over.
However we need to keep a close look as budget on Feb 1 might influence the direction of Nifty 50.
Do your own research before...
After a sustained bull run, National Aluminium has formed a head and shoulder pattern indicating a correction. Its currently at crucial support level. If it breaks 71, then it might drop to 61.00.
Enter - 71.50 - 72
Take profit : 61:00
Please do your own research before entering the trade.
If you have any feedback, do send it.