Long Honeywell automation for the target of 34799 and 37000 Stop Loss 26820 on closing basis
The UTI is showing strong support at 485 and forming a close channel. considering taking a long position on this stock. Short Term: Buy above 495.10 for Target of 500 ---- 505 --- 511 Stop Loss: 485.15 on closing basis on daily charts Long term: Technically Buy above 503 but the current price is near to stop loss so even this can be considered for buying in...
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.
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
For education purpose as still learning the pattern. Still learning to find entry and target.