banknifty is rightnow in consolidation phase ... buy above 34358 with 15M closing above this
Stocks can show good up move from here
Bata india shows good volume .. recommended buy @CMP (1550) ---> target of 1700s
The stock has given a good breakout on the upside with sufficient volume ... 1. Take Entry at CMP : 935 about ( 20 % ) 2. Take 10% continuous entry 895 - 900 - 905 ( from down to up ) ( 30 % entry done ) 3. Take 50% entry at 920 with sl of around 870 Targets ___ 940 ---> 970 --> 1030
good up move expected due to good candle formations ---> green candle with good volume
Price has shown breakout -> now showing sign of reversal -> there is virgin CPR around 920 prices can possibly touch it. strategy .. buy 920PE + sell 860 PE ===> for good reward n risk
Axis Bank will move upside for targets of 720 --> following the fib sequence Strategy recommended: 1.--> Buy at cmp --> then at each 5% drop 2---> Target at 1.10 CMP
MFI --> going down CPR --> virgin CPR going down ( 2600 ) ---> possible downside can be seen studying the price action of the charts
Bata india has been in range for some time -> possible breakout now possible .. option strategies : 1. Sell PE 2. buy 1 lot bata india ATM CE and sell 1 lot OTM CE
The stock is showing sign of coming out of consolidation zone --> 290 - 320 multiple times the upper limit has been tested, this time possibility of breaking the 320 zone is very high. MFI on 1hour chart is increasing also macd showing positive signs. Trading Setup: 1. Sell 300PE === @approx 8-10 value . 2. Buy CE Side setup not much good. still 320CE can be...