Nifty formed HnS pattern on hourly timeframe. We have not published it but have been active on twitter about the moves. If it breaks this zone, 11320-340 to come sooner. Which seems likely. However, short only below the zone.
Reliance forming Cup and Handle Pattern. On Breakout it can give more 100 Points upmove. However there's trendline resistance as well which will work in tandem with SR. Anyhow 1312-1320 going to critical zone for Reliance. Both trades can be initiated around this level with minimum SL.
IBULHSGFIN is following sinusoidal pattern off late and playing within the range. Last week it broke the support. and some how closed above it. One more good resistance level is around 660. If it closes above it then there will be very good upmove till 730. One can go long onto it with SL below 630 on closing basis. Once it closes below 630, there will be huge...
Historically Voltas has seen upmove during last week of February, right now its into consolidation phase and can be bought with SL below 500, target can be upto 700 if history repeats itself. bearish only below 500.
We had posted earlier chart and went short at $55 on retest of flag for targets of $49.5 and $43. Refer below chart from history
Now One can go long into it with SL below $40. You can take entry at $41.8-42.5. On close below $41, next long chance would be at $36. Dont miss this long trade...
CENTURYTEX has completed minimum target of double bottom. Now it may again go and retest the neckline. One can short it between 915-920 with SL above 930. Yesterday's candle is not engulfing candle as there is 5 paise difference between yesterday's close and today's open.
BATAINDIA as we predicted earlier (you can check our old BATAINDIA chart on TradingView), it fell from 1100 to 850 level. 1100 was end of 3rd Wave and Wave4 couldnt have entered into Wave1. Now it is again at same level. Wave5 can go till 1148-1270, however if it is truncated wave it can fall from here. One can go short into it at 1098-1104 (any level above 94)...
NIITTECH has given PA breakout and is now trading near trendline. The box zone can be treated as entry zone with SL being below 1110. Final target can be 1270. Need to be careful near 1170 and 1230 if SL is intact after entry.
TVSMOTOR is now trading right at channel upperband and showing strength to go up. It should cross 558 with good volume for move towards 600-610. Options would be better choice with SL being blue trendline closure.