MOSL: buy. TP 2420 Stock in tight uptrend. Has bounced back from the high of weekly trend channel. The bar formed today is not good enough to risk an entry. Stay away.
Edelweiss: Buy. TP 395 Stock in a tight uptrend. Buying near the trendline will require skill. Wait for a retest. Keep in Watchlist. Small targets.
Edelweiss: Reduce TP 651 For those holding the stock: Things don't look promising enough. Will it reach 651? Can't say. But a short bounce off the trend channel line is possible. Also the stock has been in a congestion. It can fail both sides before trending.
ICICI Securities: Add. TP 1202 Not worth risking for such a target
The midline is a tricky place to enter a trade. High risk stuff. Look away.
Emkay Global has buy rating on this stock with a target of 8663. Trendlines show that recommendation is a risky proposition. People looking to buy should wait till trend line.
THIS IS A TRADING JOURNAL. DON'T TRADE ON THE BASIS OF IDEAS PUBLISHED.
SUGGEST FORMING LONG VIEWS AFTER 189 IS RETESTED
Recommended by Motilal Oswal with target of 360 and ICICI securities for a target of 313 This is a good buy. Target of 347
Anand Rathi: Buy target 190 Buy when a bullish reversal bar closing near its high is formed a the trend line. Keep the low of this bar as the SL. Target Trend channel line.
Anand Rathi: Buy TP 110 No fresh buys as we have two upper trend channel lines standing in th way of target. Buy at trendline only when tested with bullish reversal bar.
ICICI sec: Hold till 750 Emkay Global: Buy Target 850 Don't buy afresh. Trail a strict SL. The stock touched trend channel line. Should return to trendline or the support before thinking long.
Buy when a bullish reversal bar is formed post interaction with red trend line. Price Levels: Buy~47 Sell~61
NO FRESH LONGS PLEASE!!!! AIM FOR THE TREND CHANNEL LINE.