According to price action, it's at super reasonable price to take. and it's waiting for a big move. Big quantity is trading beyond our eyes. don't know when it'll break upside but once if it's break then we can see a potential up move. Still we can ride this trade with min SL. Risk reward would be so satisfying here.
we may see 50k in coming days. 8 months of consolidation finally broke. 7000 points consolidation. we can expect at least a double ( 14000 points). may be the time of FY22 budget it is possible.
chart is clear. it's forming lower lows and lower highs. now it's about to make new lower low. so now can go for short in banknifty. Next target 34000.
buy hdfc bank at 1375-1400 target 5550,5600 SL 1340 @ buy HDFC BANK JAN 1500CE - 15-18 SL - 7, Target - 50 * it has results on 16JAN so, expectations are good. it also announced that it will perform well in the next quarter.
looking very bullish in daily charts. buy above 5250 SL 5150 Target 5500 R:R = 1 : 2.5 options : - Buy DR reddy Jan 5500CE at 100-105 SL 50 Target 200,250
buy Lichsgfin at 350-60 SL 335-30 Target 400 * buy Lichsgfin JAN 400CE - 7.5-8 SL 4 Target 20
next month TCS will post results. and stock rallies before a month if expected results are good. TCS already announced buyback at 3000rs per share. and that price didn't achieve yet. i think it might reach on next result date. and that's on 7 Jan 2021. there is 15% move still there from this levels.
next month wipro will post results. and stock rallies before a month if expected results are good. Wipro already announced buyback at 400rs per share. and that price didn't achieve yet. i think it might reach on next result date. and that's on Jan 2021. there is 15% move still there from this levels.
trend is positive and vaccine news is giving good hope for markets. we have seen a great correction since april from 7500 levels. russian vaccine is almost a well known news and they announced that they will release it on 12th of aug. so that day markets will rally atleast 2-3%. so go for long in nifty. sure, you'll make some decent profit.
i'm expecting bullish moment in next week. price broke the recent resistance and came back for retracement and now following the next resistance level 23k. *it's not recommendation. it's just my view.
please buy if it break 360levels and sustain above those levels. sell at 355-60levels if it doesn't sustain above 360levels. please watch it carefully. don't take position unconsciously. wait for price action. and understand the market condition then take the position. i'll update you the direction.