#ZEEL looking good for long as per my trading setup. Will consider buying if it trades higher on next session with a #SL of 270 DCB.
#Biocon looking good for long as per my trading setup. Will consider buying if it trades higher on next session with a #SL of 275 DCB.
#BajajAuto likely to go down if it trades below 3100. Would go short below 3100 with a SL of 3190 on DCB for a target of 3000/2854 positionally.
#Hindalco looks good to short below 208 for a target of 204.25/201 positionally with a #SL of 212 DCB.
#AxisBank looks good to short below 735 for a target of 715/700 positionally with a #SL of 760 DCB.
#AuroPharma - getting ready for a bull run after being butchered for a year. Both weekly and daily chart looks good for a short to medium term investment. Trading above short and medium term averages. RSI has gone above 60. #Investment #Portfolio #Positional #Long
#VolexP Pick 4 - #HeroMoto Stock has been beaten down badly and has corrected more than 1800 points (45% approx) from top. Stock has made bullish #PinBar on monthly scale. #VolexP setup suggests stock has changed hands and some big accumulation is going on. Expect a gigantic move in the stock in sometime. Investment period must be long term as its monthly charts....
#VolexP Pick 2 #NTPC - Bullish #PinBar near the demand zone in Monthly TF chart. Expect some big move in the counter in few months time. #Investment #Portfolio #Positional #Long
#VolexP Pick 3 - #Sunpharma Stock has been beaten down twice due to false allegations of whistle blower. Stock fell to 344 near 200 DEMA before bouncing back. A possible candidate for some gigantic moves in some time. #Investment #Portfolio #Positional #Long
#VolexP Pick 1 #TataMotors - volexp setup suggests a big upmove is possible in short to medium time. The kind of volume expansion it has seen can take the stock up at least by 50-100% in sometime. Looks good to buy above 183 for a positional target of 222/250/265/280. In past such setups has given big returns and history could repeat itself. Exercise proper...
#UltraCemco had a heavy amount buying in last one hour of trade. Looking at price and volume its clear that it cant be retail participation. Some fund houses are accumulating it. Buy above today's closing. Stock could start moving higher in quick time. #Positional #Long #Portfolio #Investment #BTST
#IBULHSGFIN has been a bears paradise. Recently it has given big moves in recently. And after completing 50% retracement of the recent rally, looking good for small investments. Stock making HH-HL on daily TF. One may not invest huge amount as its high beta and news affected. Still smaller investment can be done at current valuations. #Portfolio #Positional #Long
#Zeel Caution to the shorters of Zeel. Stock has corrected 61.8% retracement of its recent rally and undergoing consolidation. Volume expansion and price contraction suggests that price expansion may happen in anytime. A big move on offering. #Bias #Positive
#KotakBank is undergoing long consolidation between 1540-1640 for nearly 1.5 months. It has broken the rising wedge and formed 3 black crows chart pattern on daily scale. RSI has just broken down below 45 levels too. DI plus and minus getting ready for crossover. Stock trading below short and medium term averages. Stock enjoys strong support near 1540 which is its...
#ApolloTyre taking support near its demand zone of 161-162 and bounced to 167.9. Stok can revisit 192/196 levels in near to short term if it breaks out above 170 on closing basis. One can accumulate it in cash segment with protection. Can add more near 157/150/145 levels with hedging.
#HDFCBank has formed #BearishEngulphing #BearishMarubozu candle near the supply line of 1282 and broken the lower trendline of the rising wedge. Trading below 1264 it can head towards 1227--
#Nifty outlook - 12350 may post major hurdle for bulls in December series. 12350-12500 will be a crucial level for bulls and bears which coincides with a multi year trendline resistance. Could lead to a major correction in coming weeks if bulls fails to break the resistance. Have some bearish spreads in your portfolio. #Cautious
#BankBaroda notices #NR7IB pattern on daily scale. 2 days back it had given bullish pin bar, and since then making HH/LL pattern. This time stock can try to test 104/108 levels in short term.