buy on 15 min candle close (with volume) above 50.40 stop loss 49.1 target 53-53.50
Hero looks weak as per recent price action. RSI negative divergence is also emerging. But I would like to see it closing below 21 DEMA and lower bottom both to take any short decision . First, I will buy at 2660-2660 with stop loss below 2597 for target 3060. If closes below 2600 then I will look for short opposunity
Nifty is looking to trade in a range of 11050 (11020) to 11350-11380 on the higher side. I will buy if Nifty gaps down around 11080 with SL below 11020. RSI is showing negative divergence but the way price retraced above EMA and centerline, it looks to move up.
BN range for tomorrow can be from 22600-23500. I think BN should move up first in the morning session. If it is able to hold the ground above 23000 then rally could extend. BN is looking a little bit tired on RSI. I still do not see short until it moves below 22600. I am not paying any attention to the opening big red candle of today. Once BN crosses above it,...
I have never applied technical analysis on VIX as it gives large wicks. VIX is showing positive divergence on RSI. 19 is the zone from where breakout had happened . So now it should act as support. Positive divergence suggest volatility can spike in short term. I will take confirmation of Vix bottom from Trend, RSI and EMA.
Sell below 2190 with sl above 2250 for the target of 2080-2070 .
Markings are done on chart. View will be negated if RIL crosses 1980.
Nifty has entered into previous supply zone. Extra caution should be taken in this zone
Sell Gold on rise at $1825-1840 SL above $1870 (4 hourly closing) Target $ 1700 and $1530
Sell on rise at 3120 & 3190 stop loss 3265 Target 2800-2550 .
Buy Ashokleyland above 51.95 SL 51.35 Target 53.40
Dixon looks set on last mile run for 6950-7050. 6235 is the SL to go long. I expect a big correction from 7000-7100 zone.
mentioned on chart. SL on hourly closing below the level
Markings on chart. Expect BOB to touch 49.60-50 and then reverse for 45-44. From 45-44 expect upside towards 75 with SL below 40