ONGC has given strong breakout from channel Pattern. Volumes of 3X can be seen on the breakout candle.
Do not jump in to trade at CMP. Wait for retest of trend line. As the market is looking weak, re test of trend line is possible.
Enter between 77.8-78.5 range. Target will be 85 and SL will be 75.25
There is a strong breakout from flag pattern on daily charts today. Volumes of 2X can be seen on the breakout.
One more thing to watch out is that today price has crossed 50DEMA and shall be closing above the DEMA .
Try to enter between 12300-12400 for targets of 13100/13350/13700. SL will be low of the breakout candle on hourly chart i.e. 12100
There is a breakout from falling wedge pattern in Dr Reddy on hourly chart today. Volumes of 3X (Compared to 10 day EMA) were seen on the breakout candle.
After the breakout, Dr Reddy is now coming back to test the trend line.
If we observe the daily chart bulls ahas made an attempt on 19/11/2020 for breakout but was unsuccessful. Today bulls were successful in...
Adani Ports after giving breakout above 375 is now slowly falling towards the support zone of 365-370.
One can see less volumes on red candles when compared to green candles in last 4 days from which we can understand that sellers are getting dried up.
One can enter in the levels of 365-370 for target of 390-393 and SL below 362-360.
Today may be a range bound expiry for bank nifty. We can try short strangle with following options
Short 29800CE and 29200PE. Bank nifty is having strong resistance around 27980 levels and good support at 29250 levels for premium of 35 and 25.
My expectation is bank nifty will close between this levels today.
Margin required for above strategy 70K and return...
JSW energy has reached bottom of trend line where it is taking good support. I will observe the price for another 15 mins and will enter if it holding at the trend line.
Entry between 60-60.5 with target at 64.2-64.4 and SL at 59.5
#Risky Trade because the stock is in downtrend and we are predicting reversal from trend line.
If trend line is broken i will...
JSW Energy has reached bottom of trend line. I will observe price for 15 mins and if holds support as this trend line, i will go long @60.2-60.5 for targets of 64.2/64.4 with SL below 2 points i.e at 58.2
There has been a strong break down on hourly chart in Britannia ind. Can short at the present level with target 3465 and SL above 15-20 points.
Valid only if opens at the closing level or gap up/down by 0-5 points.
India Cements has given breakout from triangle pattern on daily chart.
Volumes were 3X on the day of breakout. Continuation of breakout seen today
Try to go long in India cements between 125-127 for targets of 135-138 and SL at 122.75.
Bharat Forge has made strong Bearish Engulfing kind pattern and also has strong resistance at 520-530 level.
Also Made reversal from top of channel as shown in chart.
Try to short between 502-505 level with SL above 520 and Target at 460 level.
LT has given strong breakout from ascending channel pattern. Volumes wee 5X on the day of breakout.
LT may retrace and test the trend line as the market is looking weak.
Try to enter between 1020-1040 levels.
Targets would be 1120/1170 and SL below1000.
P.S.: I have entered at 1043 today with capital of 10K.
Page industries is on the verge of breakout from flag and pole pattern. Close above 200 DEMA. Good Volumes. Next resistance is at 21200 level.
Look to buy between 20300-20350 tomorrow for target of 21240 with SL at 19940.
Looks like a good trade.
SunPharma has given a strong breakout from pole and flag pattern. Breakout is very strong. Crossed 200 DEMA yesterday.
Wait for retracement to 505-510 levels and enter between 505-510 levels. Targets will be around 560/590 and SL will be 498.
I know that SL is very tight. For trading breakouts, the next daily candle after our entry shall be green candle. In...