Currently IRFC in No trading zone. It will breakout on either side very soon.
If bearish then will go on forming AB=CD diamond pattern.
If Bullish then will go near 30 in coming months.
watchout for breakout. The targets marked on chart
All channels and Analyst suggesting a buy on this stock but on Charts showing Bearish Harmonic pattern.
If it follows this bearish target then very soon we will see a target of 21.70 - 21 INR. Many may not like it.
Stop Loss is above 25.60 closing basis on daily charts.
Be careful with investing at higher levels unless it closes above 52 week high.
MIDHANI is religiously following the Fibonacci ratios taking support at 61.8 percentile . Long term target of 380 other targets shown on chart.
May take couple of years to achieve this.
Alloy is important Nuclear submarines and ships. So very good valuation.
The Stock need a close above 233 in order to move to higher level also a very strong lifetime resistance. These are long term targets and final target is 320+ with Stop Loss on monthly closing basis on 178
Slow moving so add as per your risk in SIP Mode.
On Daily chart there is a formation of Head and shoulder pattern (Not perfect though) so be cautious to take long positions until proper confirmation is received. Else dont trade.
If it follows the trend short below 3366 and target is 3100 to 3086
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