Go long above 580 with a SL of 574.5 with the first target at 596-600 levels and second target at 605. Stock is at the zone of two Fibonacci range confluence and has closed above 200 EMA on daily timeframe with good strength (volumes). Furthermore, RSI has entered the trending zone of >50 (three days ago) which makes the stock bullish.
Just dial is in an uptrend with good volumes. The area of 596-600 is a confluence of two Fibonacci ranges. Sustenance above 600 can be used to initiate longs till 615 where resistance from 200 EMA can be seen. If 615 levels are broken, stock can travel upto 630-633 levels Intra-day.
If 648 level is held, Initiate long above 652 with a SL of 647 with immediate targets of 656 and 661. If stock goes below 647.5, go short with targets of 642 and 638 with SL of 653.2. Trend of the broader market should be taken into consideration.
Strong price rejection at the levels of 714-716. Go long above 722 with a SL of 715.5. and targets of 728 and 733. Broader market trend must be taken into consideration.
After moving in a range for two months, Tech M broke out of the wedge with good volumes and is looking strong. A buy can be initiated above 790 with a SL of 776 levels with a target of 822-825. Part profits can be booked at 800-805 levels. View negated below 780 (CLBS)
PVR looks poised to breakout the channel on the upside. There have been multiple failed breakouts in the past but it has to be noted that everytime the stock tried to break the channel, there has been a massive surge in the volumes. Intraday view: Wait for the sustenance of breakout on 15 mins candle, set a couple of notches below previous day's close as SL and go...
After a strong uptrend, stock made the tweezer top pattern on a daily basis. High of both days is around 941.5. Second day, a spinning top candle was made with good volumes. CMP - 926. Psychological resistance - 900. If stock gaps up, wait for the zones of 938-942 to be tested and check the price volume movement. Below 926 (high risk), short can be initiated to...
Twice, price rejection seen at the support levels of 1766 with good volumes on daily candle. 1700 is Psychological support. Intraday view: Any long can be initiated above sustenance of 1700 levels to a target of 1731. Short can be initiated below 1700 sustenance with good volumes till 1670 levels. Note that the last fifteen minutes witnessed selling pressure which...
Cummins India has a strong support in the zones of 532-536. Furthermore, it has formed a "spinning top" pattern at the end of a downtrend. If the support is sustained, the next upward target would be 560-565 followed by 590 and 630. For day traders, in case of a gap down around the support levels and sustenance of those levels will be a good day to go long....
