TradersVenue

TradersVenue Updated 

After a consistent decline stock has got fresh break out near 217 levels and looking strong. Valuations are cheaper for consistent dividend paying company. Looks good to buy with an closing stoploss of 215 and target of 245 in near to short term.

TradersVenue Updated 

Heromotocorp is noticing a bullish crossover on hourly charts and may test 2816/2879 in near to short term. Looks good to go long with a closing stoploss of 2630.

TradersVenue Updated 

Bajaj Auto is noticing price rejection near its resistance level of 2940.95. Its a good positional short with stoploss of 2940.95 with target of 2814/2780/2736/2610. Safe players may convert the nacked short to a covered put for risk management.

TradersVenue Updated 

Short Bajaj-Auto positional for target of 2838/2814.55/2780/2736. In hourly charts it has given a -ve crossover and all set to go down. Keep a stoploss of 2950 on closing basis.

TradersVenue Updated 

ICICIBank looks good to buy above 352.25 for a target of 354.1/356.4/359.25 with stoploss 349 on closing basis. Closing below 336.15 it becomes a perpetual short for a target of 320/300 positionally.

TradersVenue Updated 

Reliance after making double top near 1320 levels; is just forming a head and shoulder pattern which is yet to be confirmed. Below 1200 stock is all set to test 1125/1086 levels. Keep a close eye. And if nifty will fall then this has to be led by Reliance and other heavy weights. However time will say if it breaks down or not. Below 1200 it will become a perfect...

TradersVenue Updated 

SBI is noticing recovering after a big downfall from 307.5 levels. Current recovery may go upto 276.45/280.55/286.45 once it sustains above 272.9. Good to positionally go long in SBI with closing stoploss of 267.2. If it breaks down below 265 again go short for a target of 258/248 positionally.

TradersVenue Updated 

Stock has made a double bottom kind of formation and stock has bounced back from its major support level of 2580. Stock looks good to go long for a target of 2713/2760/2807/2874 with positional stoploss below 2600. Outlook week to a month.

TradersVenue Updated 

Good to buy Lupin positional for a target of 788/794/806/812. Outlook 1 week to 1 month. Further upmove is possible once stock trades above 800 levels. Stoploss 750 on closing basis. It has taken support near 753 levels which is its long term support and bounced back. Closing below 750 stock may test 726 levels.

TradersVenue Updated 

After a sustained upmove, stochastics is showing bearish divergence on weekly charts. Its a perfect short on positional basis for a target of 515/500/485/470. On daily charts it has already given bearish crossover. Weekly charts shows a bearish engulfing kind of pattern. If Nifty corrects then counters which has seen highest upmove in recent times will see a...

TradersVenue Updated 

Buy ApolloTypre positional for a target of 209/218/225/230. Positional stoploss 195 on closing basis. Below 193 it will become a positional short.

TradersVenue Updated 

3 Attempts to break 1283 levels has failed and stock has fallen down to 1260 odd levels. Stock has rallied upto 0.786 Fibonacci extensions from its SPL. Short BataIndia March Future positionally for a target of 1230/1217/1200 levels in near future.

TradersVenue Updated 

Short ICICIBank March Future below 335 (Spot) for a target of 312/300. SL#350 on closing basis.

TradersVenue Updated 

Stochastic showing mild divergence and suggests that its in overbought zone. Stock has already touched near the 161.8% fibonacci extension from its low of 311.05 (December) and facing resistance near 380 levels. MA on daily charts is about to give bearish crossover. Weekly charts has many more to offer. Short buildup is noticed near the ATM strike calls and and...

TradersVenue Updated 

Results are good. Stock is getting very good support near 470 levels. Buy BharatForg in cash segment 1 lot SL#465 and TGT#490/500/515/530. Period short to medium term.

TradersVenue Updated 

Wipro is trading in a narrow range of 368-375. Breaking 375 it may see higher levels. But its noticing selling pressure every time its testing 375 levels. Its good time to short Wipro for a target of 350/335/325.

TradersVenue Updated 

Perfect time to short BataIndia 1200 CE for 38.5 rupee premium. It noticed price rejection on Friday session of trade and may go down and test 1165/1150/1133 in short term.

TradersVenue Updated 

Short TORNTPHARM19FEB1880CE @55.8 for a target of 40/30/20 by Feb Expiry. Stock looking week on weekly charts and may retest the lower levels. Price rejection is noticed at higher levels near 1924-1950. In case stock moves up then write near ITM/ATM CE around 1924/1939 levels and hold it till expiry.