The UTI is showing strong support at 485 and forming a close channel.
considering taking a long position on this stock.
Buy above 495.10 for Target of 500 ---- 505 --- 511
Stop Loss: 485.15 on closing basis on daily charts
Technically Buy above 503 but the current price is near to stop loss so even this can be considered for buying in...
Siemens is a long term buy on monthly charts. with a positive MACD crossover and have respected the 78 percent retracement of fibonacci levels.
Long Siemens for following target
T1 - 1717
T2 - 1953
T3 - 2253
T4 - 2820 (aggresive)
Stop Loss - 1180 (monthly closing Basis)
More risky investor can keep SL at 1096
Note: This is monthly setup and will take 12-24...
NTPC has retraced 61% (fibonacci) from previous high and has very strong support at 84.90 which is also its life time support. Risk to reward ratio is favourable
This is positional trade and may take couple of months to come.
Buy for Target of 103, 109 and 118
Stop Loss : 84.90 (weekly closing basis)
If close below 84.90 then short for target of 79.40, 73 and 68
Gillete in July had a very huge volume but was not able to sustain at higher leve of fibonnacci and its correcting.
Looking at chart its in a trend and if it breaks last weeks low and closes below it then it may fall below 4800 where it has a strong support zone. Wait for the trend line breakout on either side. This is not intraday stock hence will not rise daily....