Trade_Harmonics10

Trade_Harmonics10

Can use buy on dips strategy for Maruti with target of 8534 and stop loss of 7400.

Trade_Harmonics10

HCL Tech has been steadily moving up with decent volume and is on the verge of breakout above 1200. A closing above 1200 will take it to the target of 1326.

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SBI Life is a great stock in insurance sector. It has been beaten down due to the bearishness in global market. Whenever the global trend turns positive, we can expect SBI life to make significant up move, till then is can be bought in small quantities for long term.

Trade_Harmonics10

Bajaj Finance can be bought at the marked level with long term view as it is fundamentally a strong stock which has the capability of doubling the money every 5 years. Expecting an reversal from the marked zone (i.e. 5910 - 6000)

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As shown in the chart, there are two harmonic levels available at the 661 - 664 mark. One can initiate buy at the mark levels for a short term target of 725.

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Maruti has been continuously falling for the past 4 days and has corrected more than 25% from its recent high. One can expect reversal from the marked zone with an short term target of 7250.

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Bank nifty had broken all the previous supports today and is expected to continue its down trend. As bank nifty is overly sold, a pull back rally can be expected before it continues its down trend. Currently, Bank Nifty is sell on rise mode and one can expect a reversal from the marked harmonic level.

Trade_Harmonics10

PSU banks have been doing well for the past one year and SBI has reported stellar returns for the past few quarters. Expect SBI to make another bull run towards all time high from the marked levels. Wait for an reversal candle to enter.

Trade_Harmonics10

M&M can be bought at 727 level for long term as there is strong support and demand zone available. It is also the zone where a strong upside rally had began. Also it is at the lower end of the parallel channel.

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L&T can be bought at the marked levels as there multiple supports available along with harmonic level.

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ICICI Bank has fallen nearly 18% from its all time high. A fundamentally strong stock which has been respecting harmonic levels several is expected to be reversed from the marked level. 680 level is the range to initiate buy. Harmonic levels also matches with the support zone as shown in the chart. It is also an classic example of previous resistance acting as...

Trade_Harmonics10

HDFC has been following the parallel channel and currently at the bottom end of the channel. It is also at a strong support area.

Trade_Harmonics10

Fundamentally a strong stock at a very strong support/demand zone. Can be bought at CMP with long term view.

Trade_Harmonics10

Cipla can be bought at CMP with 920 as stop loss and target of 967.5. A 15 minute candle closing above 942 will take the price to 967.5 at quick pace.

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Britannia has made a strong bullish candle right at the support. Can initiate long position with days low as stop loss. As seen in the charts, previous resistance has been acting as a support.

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Need to cautiously wait and watch for further price action. Any break down and break out from the pattern will lead to one way trend. It had already given fake break out and break down as shown in the chart. Patiently waiting is the key to trade in this stock.

Trade_Harmonics10

Wait for the levels to activate and initiate long position. Bank Nifty is currently at support zone and expect Axis bank to reverse from the marked levels.

Trade_Harmonics10

Fundamentally a very strong stock. Has been on a down trend for a very long time with RSI in oversold zone. Wait for an reversal candlestick pattern at the mentioned level for long term investment.