Technical_TB

Technical_TB

Buy on open - 11th October Stop loss - 81 Target 1 - 96.3 Target 2 - 107.4

Technical_TB

Nifty has been moving up on low volumes in a rising wedge. Volumes are now decreasing with an increase in index price and RSI is overbought. We can expect to see a reversal to approximately 15335 in the next 7 trading sessions. SGX Nifty Futures closed high at 15797 so there is definitely room to move up before the reversal.

Technical_TB Updated 

BTC has formed a head and shoulders pattern, if it breaks, we have a price target of approximately $32000, but we can find support at the 200 DMA - Approx $40,000. MACD is also bearish.

Technical_TB Updated 

IOC has broken out of a multi year downtrend - one that peaked in August 2017. Immediate Targets: #1 : 115 #2 : 125 #3 : 140 (This is a long shot for the next few months) Stop Loss: 88

Technical_TB

If NTPC breaks out of the cup and handle pattern (after it crosses 116 with above average volumes, we can set an immediate target price of approximately Rs.130. Time period: ~2 Months

Technical_TB Updated 

Silver bounced of the 200 DMA and broke a downward channel . Target: $30 Entry: $25.26 SL: $25 Note- Strong Resistance at $30 & $26.43.

Technical_TB Updated 

Dwarikesh has recently broken out from a multi year downtrend (Descending Triangle) and broken through several important resistance levels with good volumes. CMP: 42 Final Target: 80 SL: 28 Time Frame: 1 Year Initial targets: #1: 48 #2: 60 #3: 75

Technical_TB Updated 

Entry: CMP ~Rs.726 Target: Rs.760 SL: Rs.715 Time frame: ~ 1 Month

Technical_TB Updated 

Based on the volume profile showing heavy support at CMP, the oversold RSI reading and overall base trend line, the stock can rebound to ~Rs.1000 within the next 7 days. Note - earnings are post market on friday 23rd April. Link to longer time frame trade Idea on HCL:

Technical_TB Updated 

Angel Broking recently broke out of a downward channel with decent volumes. Target Prices: #1 - 370 - (~80 Days) Rest of the targets have time frame of up to 8 months. #2 - 380 #3 - 408 #4 - 422 Stop Loss - 306

Technical_TB Updated 

HCL Tech seems to have broken out of a downward trend, caused by fear selling in the markets this week. The stock has been following an upward trending parallel channel over the last few days and has also rebounded off the 50 DMA. It is set to achieve a target of 1110 by earnings release ~ 15th of May. Target:1110 Entry: 991/CMP Stop Loss: 960 Time: ~ 39...

Technical_TB Updated 

Sbi has shown extreme weakness over the last few weeks, with recent gap downs on the daily chart. We can expect a rebound off of the current level which is its Feb 2020 High , (Double bottom on daily chart). It may drop further to the bottom upward trend line (Bold Blue) at ~315 before rebounding. How to trade going forward: One can buy in at the current...

Technical_TB Updated 

Target Price: 950 Entry Price: 846 Stop Loss: 792 Time Frame: Approximately 1 Month Note - Strong Resistance at 885 and strong support at 795 & 758.

Technical_TB Updated 

Short Term - Long Position - BHEL Target Price: 54.60 Time Period: ~ 1 Week Stop Loss: 49.50

Technical_TB Updated 

Possible break out in Silver towards the $26 level, can move further based on volumes over the next 2 days. Depreciation in dollar should add to the momentum however rising bond yields may cause rough waters. Target 1 - ~$26 Targer 2 - $26.45 Entry: Once the resistance at ~26.53 is taken out with decent volumes, and then possibly retested.

Technical_TB

Tata Power is currently trading under its 50 DMA after a sell off in Indian Markets this week. The fact that they have dropped their solar power deal with Petronas did not help the situation. Scenario #1: Short IF: Price breaks the overall bottom trendline (bold blue) with above average volumes. Target price can be set at ~86.40, with a stop loss at 94. Scenario...