Stock of the Week: #Tanla Entry Price: 985 SL: 844 Position Sizing: 26% Reason: a. Cup formation on a weekly chart. b. Bounced back from 50% retracement and manage to close just above 23.6% retracement on a weekly chart. c. In a range of 10% all-time high.
Stock of the Week: #Mastek Entry Price: 1368.95 SL: 1169.95 Position Sizing: 23% Reason: On Jan 18, it fell with the highest volume but after that, we haven't witnessed much fall rather it trade within that range. Now it breaks that range with the increasing volume which may lead to hitting a new all-time high. NB: This will be our second accumulation. Previously...
Stock of the Week: #Adanigreen Entry Price: 1209.75 SL: 1036.95 Position Sizing: 25% Reason: On 27th Nov 2020, we had a very high volume & stock made a high of 1159.65 which is precisely the same previous day's closing price (26th Feb 2021). The stock fell approx 23% from that level and we may witness the fall again. We will place our buy above 1209.75 from where...
Stock of the Week: #Venusrem Entry Price: 175.55 SL: 132.20 Position Sizing: 11% Reason: Bounced back from 38.20% retracement. In the last hour, volume spike by 1427% with a 6% increase in price. NSE:VENUSREM
Stock of the Week: #Mastek Entry Price: 1234.10 SL: 802.15 Position Sizing: 8% Reason: 52 weeks high with high volume breakout. 22.5% Up Trendline. NSE:MASTEK
Stock of the Week: #GTL Entry Price: 5.65 SL: 3 Position Sizing: 6% Reason: 52 weeks high with high volume breakout. Cup pattern formation.
Weekly resistance breakout with good volume. Fake Hanging Man candlestick pattern appeared on a daily chart (Retail Trap) One can take long position with a short-term target of 273.35 & 288.60. The profit potential is 18%. Maintain a strict stop loss of 236.20 on a daily closing basis. NSE:INFRATEL
Details are given in the chart
Self Explanatory in Chart NSE:TATAPOWER
a. Zone: Strong Bull b. Resistance 1: 1089.45 c. Resistance 2: 1163.75 d. Support 1: 1039.90 e. Support 2: 1027.50 NSE:UBL
a. Zone: Strong Bull b. Resistance 1: 30062.90 c. Resistance 2: 30886.50 d. Support 1: 29033.30 e. Support 2: 28621.45 NSE:BANKNIFTY
a. Zone: Strong Bull b. Resistance 1: 13168.05 c. Resistance 2: 13238.25 d. Support 1: 12804.25 e. Support 2: 12748.30 NSE:NIFTY
a. Zone: Strong Bull b. Resistance 1: 509.30 c. Resistance 2: 515.60 d. Support 1: 472.80 e. Support 2: 447.65 NSE:TVSMOTOR
a. Zone: Weak Bull b. Resistance 1: 30181.15 c. Resistance 2: 30888.50 d. Support 1: 29002.15 e. Support 2: 28766.35 NSE:BANKNIFTY
a. Zone: Weak Bull b. Resistance 1: 13117.20 c. Resistance 2: 13197.60 d. Support 1: 12795.70 e. Support 2: 12602.80 NSE:NIFTY
a. Zone: Strong Bull b. Resistance 1: 898.60 c. Resistance 2: 902.50 d. Support 1: 883 e. Support 2: 875.25 NSE:LUPIN
a. Zone: Strong Bull b. Resistance 1: 30958.45 c. Resistance 2: 31423.95 d. Support 1: 28630.70 e. Support 2: 27932.40 NSE:BANKNIFTY
a. Zone: Strong Bull b. Resistance 1: 13140.85 c. Resistance 2: 13206.10 d. Support 1: 12843.65 e. Support 2: 11739.20 NSE:NIFTY