Simplecharttraders

Simplecharttraders

Balakrishnan Industries attempts to breakout from its ascending channel on daily chart. This scrip is attempting to break its resistance 4th time on the daily chart with high volume, hence, looking promising. So, one can initiate position in this scrip for the target of 2720-2725 only when stock going to break the level of 2780-85. Keep strong Stop loss at...

Simplecharttraders

TATAMOTOR is trying to attempt break its previous high and resistance with decent volume, hence, one should buy at this level once the scrip break the price range of 650-655 for the target of 720-730 and place stop loss at 600.

Simplecharttraders

Coal India Making higher high from 230 level and it has now been consolidating from past few days on the daily chart making classic flag pattern, hence, one should buy at level of 280 for the target of 330 and place strict SL at 270.

Simplecharttraders

IDFC FIRST Bank daily chart ascending channel range breakout attempt, once the channel is broken out trade should be initiated in this scrip, buy recommendations is only given at 85 for the target of 90-92 place strict SL at 80.

Simplecharttraders

DLF is about to breakout from its long consolidation in daily chart with good volumes, hence, one can take position in this scrip for the target of 560-70 and place SL near its support of 480-485

Simplecharttraders

Ashokley strong breakout from all time high is indicating big bulls interest in this scrip

Simplecharttraders

Zeel has been bottomed out from retesting its previous lows at around 169. Now this scrip has been accumulating by big buyers, hence, accumulate this scrip for the target of its swing high at around 287 place strict stop loss at 171.

Simplecharttraders

Nifty IT index is in strong uptrend after strong attempt from long consolidation on monthly chart one can take position in IT stocks for term for strong gain

Simplecharttraders

The Tata Motors stock has a strong support at Rs 570 level due to line of parity and 20-DMA. From the indicator perspective, daily MACD and RSI are trading in a positive territory, which is implying that the stock can hit a new high of Rs 640. Positive view stay intact as long as the stock holds above Rs 570.

Simplecharttraders

Granules India rising channel breakout and breakout from its symmetrical triangle confirms strengths in this counter. Stock has passed its 200 DMA with strong volume indicates more bullishness. Fresh breakout from its symmetrical triangle and previous high 309 can move this counter to its 52 week high range. Hence, buy suggestion is given for this stock with...

Simplecharttraders

Buy ICICI bank@400 for the target of 420 place SL 393

Simplecharttraders

buy SBIN@195 for the target of 215 place SL 190 and

Simplecharttraders

Buy May 160 CE around 1.00 to 1.20 Use stop loss 0.80-0.70 Wait or do not buy if support zone get breached on Monday

Simplecharttraders

The stock has formed a Double-Bottom on the daily chart and is on the verge of breaking the resistance line

Simplecharttraders

Nifty took support at 9 SMA, major support to watch out 11850

Simplecharttraders Updated 

Buy NTPC at the current level for the target of 128 & 133 in short term

Simplecharttraders

As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.

Simplecharttraders

Tata steel double Bottom Reversal pattern