Sandeepk31

Sandeepk31

On Daily charts the stock has formed bullish pattern and MACD is also signalling a buy. Buy for a target of 11343 with stop loss of 9734 on closing basis.

Sandeepk31

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...

Sandeepk31

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

Sandeepk31

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....

Sandeepk31

For education purpose as still learning the pattern. Still learning to find entry and target.