StockRAI

StockRAI

Potential bear flag. Can short if it gets confirmed with targets 10000 and 9950.

StockRAI Updated 

Stock looks to have 779 - 796 as a good demand zone. We do have a trendline resistance approaching on the top as well. I would suggest to stay sidelines until the support or resistance is taken out. Beware of the impact due to political instability in Tamilnadu which will have a big impact increasing the volatility of the stock.

StockRAI Updated 

DLF looks set to come down. 198 is a better place to short with stop a bit above 206 with 191.40 as target.

StockRAI Updated 

VEDL comes out of the consolidation range. Can go long with 1st target as 276 and once that's taken out 300 and 305 looks like very much achievable.

StockRAI Updated 

PNB got a strong resistance @ 155 (notice is Daily time frame as well). Hence if 155 is taken out, triangle pattern will be confirmed and we can go long with 161.50 as target.

StockRAI

Watch out the triangle in ONGC.

StockRAI Updated 

Short when price retest 508/510 level with 496 as target. However, please note that the pattern has formed in daily range market and so it could be less significant than otherwise.

StockRAI

Axis Bank has come out of a very long consolidation range. Looks like a good buy. 543 can be a temporary block for the up move resulting in a small pull back, but I don't expect it to hold on strongly. 530 looks like a good entry point with stop loss just below 480 or below the rising trendline. Alternatively, you may opt to enter from current level by averaging...

StockRAI

Consolidating between 24180 and 24251. Waiting for breakout.

StockRAI Updated 

There's a daily trendline support around 132 level from where BHEL has bounced off well. Going up, 140 could be a minor resistance. However, we gotta a triangle pattern confirmation for upside and I recommend long positions @ current levels around 137/138 with targets @ 142 and 144. I suggest stop loss below 131 or 130.

StockRAI Updated 

Inverted Head& Shoulder confirmed. Though we're a bit late to spot, a temporary resistance at current level (1130) will pull down the price a bit down which could be our potential entry (b/n 1120 and 1110). Target comes @ 1155. Price could extend to 1162.30 as well.

StockRAI Updated 

Double top

StockRAI

Looks set for a breakout. However, I would wait for day close.

StockRAI

Equitas breaks trend line and also confirm double bottom in Daily time frame. Sadly, the breakout by itself pushed the price very high clocking more than 50% of double bottom's target. However, I stay bullish and expect there would a small pull back in coming days before it reaches the target (174). I would recommend to enter on 50% retracement of breakout candle...

StockRAI

Double top in hourly. I would suggest to go short once we see an hourly close below 257 level (hope the hourly close doesn't come down straight to 250). Exit will be at 250 which is double top's target.

StockRAI Updated 

LT is out of triangle. I would go long with stop below 1670 with exits @ 1740 and 1760 (though we gotta watch out for trendline resistance).

StockRAI Updated 

Bank Nifty is consolidating between 23000 and 23400 for last four sessions and this looks to be the temporary trading range. While the trend has been bullish for quite a long time, there is a sign of the trend losing steam. There was a pin bar on 22nd June followed by a considerable bear candle and another one such on the following day. We could also see a bearish...

StockRAI Updated 

Looks like a better entry now considering H&S pattern.