Its has created higher low for past 3 days now, This can touch its 200 EMA placed at 935. Buy:- Target- 935 SL- 884 CMP- 904
After a decent upmove. stock is going through some profit booking. But now, its trading close to 200 EMA on Hourly chart and near important Fib Level. One can buy it near 177 if it sustains above it.For below targets:- Target 1- 182.5 Target 2- 187 SL- 174.5
Suzlon, Our good old Suzi... Buy only on break of Trendline on weekly charts...
Technically the best stock in Pharma Sector. Very High chance the stock will break on Upside of the channel. Keep an eye out on this one....as of now am neutral on this.
Breakout can move this stock to its first target Target - 72.50 SL- 68.50
Buy on Dips till 680. SL 650 Target- 760 Target 2- 800 Time Frame- 2-3 Months.
Tommorow for Intraday, we can buy Biocon :- Target 1- 913 Target 2- 919 Target 3- 932 SL- 870
Ambuja has now entered a very strong support zone. We can get a pause at the breakdown, Intraday Traders should look for buying opportunities till we have this wall intact.
Sunpharma came out with numbers today post market hours. On the face of it, Results look very good. Tomorrow, Sunpharma will try to fill up the GAP it created. Hence Go long if it opens in Green and close the position as soon as it hits 700. For any reasons if it opens above 700, then wait for some time to see if its taking support at 700. If yes then Go Long...
Now next resistance at 444. Aggressive Traders can take a short position for Intraday near that level.
Power Grid broke out of Falling Triangle. Stock is looking all set to create new highs and move towards 200 very soon. Target 1- 187 Target 2- 200 SL- 176
Cipla took support at Gann Line and now looks good to take its first resistance at 200 EMA. Buy with SL 511 Traget 560
Post a down start, Crompton Greaves recovered and almost filled the Gap. Now if it sustains above the Blue Line for at least and hour then it will present a buying opportunity. if not then it will again go down. Lets see.
Apollo Hospital giving us a good risk to reward for a possible targets of Wolfe Wave. Have taken the targets as Fib Retracement Levels of a AB Move. Target 1- 1430 Target 2- 1470 SL( On closing basis) 1248
IGL is trading in a channel. Blue Lines will act as a support or resistance. How to trade, For short term, Trade the channel. For long term/Positional - We will trade the breakout. Keep an eye guys :)