TechMantra

TechMantra

Spandana seems have broken out of the down trend with volume. Targets are based on fibo. Can go long here.

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Triangle - Wait for breakdown/breakout

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Not the best drawing but the pattern and retest can be seen. Good RR.

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Head and Shoulder and neckline resistance

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Scrip was unable to close above 50% level in last sessions and saw a shooting star formation and closed below the 50% level. Expecting the stock to open lower on Monday. Everything else is on charts. If holds above 50 % level, reverse trade can be taken for tgts 330.85, 339.2

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Self Explanatory Chart.

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Self explanatory chart.

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Infy broke a strong support which was intact for a very long time and it was broken with good volumes. Don't know much about fundamentals but weakening dollar isn't helping it either. More downside is possible as long as it stays below the support line. Trend seems negative for the whole market as well. Hold your horses if you were thinking of buying INFY. I do...

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short below 8890 gann angle support for a move towards 8850/8780/8720 and long above 8895 break gann angle for a move towards 9033/9080/9120

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Enter above 187 SL 182 TGT 201

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Traders can short it with a SL of 1532 (closing basis) for the target of 1410-1400

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As shown in chart, PNB took support at Gann line and the uptrend may continue from here. Long position can be taken once it closes above 144.35 which happens to be 38.2% retracement level. SL and Tgt are shown in the chart.

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Self explanatory chart. Close above the Gann line will be bullish, the volumes have been good in last few sessions. RSI is not supporting much but that can just mean that a close above Gann line will result in stock moving sideways for few days i.e. accumulation stage before it moves up again. Wait for the confirmation. Unable to close above Gann line will result...

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Looks like a double bottom on INFY daily chart. Last session has pushed the stock above GANN line with above average volumes. Is this the right time to invest in this stock or will Trump's decisions bring more pain to IT companies. Traders can go long here with a SL below Gann line. Target is 980, 1020

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Tata Steel had a good run and is now facing resistance at Gann line. Based on the previous reactions (highlighted circle) from Gann line, I see an opportunity to buy a PUT option here. Volumes are supporting it and so is RSI. I won't recommend shorting the future but pro traders can do it with SL above the gann line. I will personally prefer to buy a PUT, Strike...

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Closed above Gann Fan line again. Good volume today and in last trading session. Can buy above 476 with a SL of 469 (close below gann line) for TGT 485.5, 490.8 and 500

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Nifty is trading near Gann Resistance. A breakout above will lead Nifty to 8773,8855,8969 and if unable to break Gann line, we can see 8510,8421. Wait for confirmation and avoid till budget event is over

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(I May be Wrong) Looks like Ambuja Cement is all set to rock and roll. Volumes are not supporting the move so it can go either ways. If it moves up from here with better volumes then it could be a trend changer or else its time to go short. Waiting for the confirmation. Please correct me If I am wrong. Could go long with a SL of 197