fresh long position can be initiated at current level for a target price 300 with stoploss price 200.
cfresh entry can be made after breakout
go long with a stop loss at 335 and taget of 440 in two month time frame. short term trader may may go long with tight stop loss at 353 and target of 380.
Ashok Leyland is in long term downtrend. it got support in the range of 34-36 but has a strong resistance in the zone 48-50. Traders can go short below 46.50 with a stoploss at 49. short term target is 42.7.
Go long if Closes above 192 considerable volume within one week on daily time frame . Short term target is 240-250. Exit if closes below 182 with considerable volume.
Three trading opporunity are evident in ITC. 1. If ITC rebounds from current level, Buy above 192 and book profit at 200. 2. If rallies continues go long at 205 with Target1= 219 , Target2= 245 3. Go short at 184 with Target 1+ 171, Target2= 164, Target3= 148. Note: You can Club strategy 1 and 2 . if you have taken position in option 1 and stock moves upward...
Nifty made a traingular channel in short term. traders should be cautious and should go long only nifty breaks out this channel . overall market sentiment will push nifty down to 9000 in short term.