Trade-Wealth

Trade-Wealth Updated 

Short Indigo below 1055 for target of 1000. SL- 1070

Trade-Wealth Updated 

GAIL Come back from correction and gave two consecutive strong candles. Today it was closing above it's important trend line. Indicates further upmove left. One can buy now for target of 415, 420, 425. SL - 390.

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Short IndusInd Bank for target of 1440, SL - 1480.

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Positional Call: Go long TATAMOTORS for target of 500, 520 & 540 with SL - 470.

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Vedanta has made double bottom and had spinning top at resistance; indicates strong upmove or change in direction. One can go long if vedanta open above 248 and keel SL - 240. Target shall be 255, 265 & 270.

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Canara Bank can be shorted for target of 340 & 330 with stop loss of 360.

Trade-Wealth Updated 

Short ADANIENT for target of 110, 105, 100. Sl- 120.

Trade-Wealth Updated 

Jindal Steel has given break out above its channel resistance one can go long for target of 125 & 130. SL - 115.

Trade-Wealth Updated 

One can short JSWSTEEL @190 for target of 180, 175. Stop loss - 194.

Trade-Wealth Updated 

Torrent Pharma has very weak setup. 1. Standing at very crucial Daily, Weekly, Monthly support. 2. Monthly made Head and Shoulder pattern. 3. Monthly trading below fib 23%. 4. RSI below 50. (even daily weekly & monthly) 5. Touched lower band of Bolinger Band. A close below 1200 can trigger massive fall in this script. Giving no targets just watch the price...

Trade-Wealth Updated 

Mahanagar Gas Ltd has broken descending triangle pattern, so one can short MGL for target of 930, 920, 900. SL 955.

Trade-Wealth Updated 

TATAELXSI has broken on Symmetrical Triangle pattern, one can short 1470 & 1450. SL - 1540.

Trade-Wealth Updated 

Short AJANTPHARMA for target of 1600, 1580, 1550. SL 1660.

Trade-Wealth Updated 

SBIN has broken down as per Rising wedge pattern, one can use raise to short for target of 285, 280. SL - 300

Trade-Wealth Updated 

Short DLF below 195 for target of 190, 185 SL 198 Strict. Above 195 evening star is invalid.

Trade-Wealth Updated 

Short KSCL for target of 520, 510, 500 SL - 538.

Trade-Wealth Updated 

It is too early to predict, still there is hammer on support line so one can expect the change in direction. One can buy above 23100 and can go long for 23200 & 23300. SL 23080. Else can be shorted below 23080 for target 22850 SL - 23100.

Trade-Wealth Updated 

Short PVR based on ascending triangle breakdown; for target of 1465, 1450, 1435. SL - 1500. (Strict)