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.
Apollohosp can be shorted as shown on chart.
INDIGO is forming flag after impulsive buy pressure. Expecting it to break the flag. Entry can be taken at 1023-30 with SL below 1018.
Crudeoil has produced textbook break and retest of bearish flag. We can short it with today's high as SL for Targets of $51-49. It will be long if breaks today's high and enters back into the flag.
IBULHSGFIN can be long from 685-690 level zone with SL below 670. for Targets as shown on chart. Very Risky Trade but worth to go ahead as per our view.
TechM can be shorted on any rise. One level of shorting could be 715-720 with SL above 724 for Targets of 690-664 or more.
BEML was under our watch but failed to publish. It has now broken the flag and can be bought on dips near 730-40 with SL below 25 for Targets 790. 860 and more.
Bajfinance has now broken the flag and again going to test the important level of 2450. It seems to bullish to us as it has broken a flag and trading above 2370. One can take long position around 2390-2400 with Stop Loss being below 2362 for upside targets of 2750 as shown on chart. If it has to reverse, then it might reverse from 2418-2450 level. Hence if one is...
Arvind may bounce back from here, entry price could be 314-315 with SL below 308-09 for Targets of 336/346/355. Target can be higher than this, better to trail or trade options. Keep in mind if trade goes against us and some how break below trendline, then we can have very good down move but for that we need to wait. For now its a bullish sign and it seems long,...
BALKRISIND look seems to be at support but if we can figure it out, there has been quite heavy selling pressure and current condition its losing the momentum. So, Momentum Loss + Price at Support/Resistance, indicates reversals but before reversal we should check the chart patterns which in this case is quite visible that its forming bearish flag. but again, we...
TITAN defied the logic of HnS and started moving upside. We had posted earlier chart of Titan before HnS formation, saying it will make HnS pattern so we can go short at 940. Right now it has broken the trendline, and if we check the volume and compare it with early 2018, we are in a toss of more upside move. As earlier 940 level is again a switch hit. For now we...
Here's #USOIL #CRUDEOIL #monthly #chart posted earlier. It has now broken the lower #trendline thats $20 ride from $76. We are expecting it to respect the $54-55 band. it might bounce back from here. This level is 61% fibo of previous swing, retest of previous swing high. #monthly close below it will take it to $45/$33, for now $54-55 band important.
DIVISLAB is on the verge of flag breakout. Earlier we posted about HnS Pattern and also mentioned that we need to go long once it closes above neckline at 1235-40 because the support of 1215 was huge. Now it near the completion of target of previous swing at 1555. Once it crosses that, it can easily go for higher targets as shown in the chart. SL should below the flag.
BankNifty forming Cup and Handle on 15min TF and is at important resistance on daily TF. Expecting some fireworks in coming sessions
BALKRISIND is trading at multiple bottoms, ie support levels but there is not sign of reversal yet. However one can carefully trade it. One can go long with SL below today's low.