Buy onli in dip at 915 & 910 SL 900 TGT 950.
We are buying Indiabulls Hsg for target of 642-660 with SL below 610. Cmp 624. 2 hour close abv BB mid point with volume us good enough to go for buy. CCI cross over is supporting view.
Levels will be given tomorrow in live market on our twitter handle.
MOIL is trading in parallel channel. Breakout will be above 160 but we'll wait for daily close above 165 to confirm reversal and formation of higher top. Above 165 target would be 200 with SL below 150 . RSI and CCI is confirming direction of the trend.
BUY LAURUS LABS AT CMP 347.50 SL 336 TGT 370. HORIZONTAL ORANGE LINE SHOWS SUPPORT AND DOUBLE BOTTOM. TODAY'S CLOSE ABOVE NECKLINE OF HEAD & SHOULDER SUPPORTED BY RSI & CCI CROSSOVER AND VOLUME IS GIVING SUPPORT TO OUR VIEW. RALLY CAN EXTEND TILL 400 PROVIDED 328 IS HOLD ON CLOSING BASIS.
Buy Tata Motor with SL below 160 for Target 178-180. Trading abv mid line of 20 day BB + holding strong in negative narket Note : we have buy position in Counter.
RUPA & CO. is showing positive crossover on daily RSI & CCI, Friday's volume was too high but counter couldn't sustain at higher level. When you go on weekly chart you will find that counter has reversed twice from the support zone of 225-230 (pink line). This time we saw huge volume on weekly basis. In addition to this, weekly candle's body has almost covered...
Buy Thomas Cook in dip at 220-218 with stop loss below 200 for target 264. RSI & CCI has given positive cross over supported by volume. It has bounced from trend line suport (neckline).
EID Parry has bounced back from the long term support line. Weekly volume and candle is positive supported by RSI & CCI crossover. Daily RSI & CCI are in positive zone. 147 is the major support and 205 is the major resistance. Trader can trade the zone till the time stock is in range. Value buyers with risk appetite can buy in dip at 175 with stop loss below 140...
Escorts has formed bullish engulfing pattern on daily chart. CCI has crossed above -100 line. 540 has been a major support zone from where it has bounced twice. If you go for bigger picture then you will find Head & shoulder pattern + descending triangle pattern. Both are bearish in nature. Confirmation will be on weekly and monthly close below 540 ( safety...
RPOWER is forming bullish engulfing with RSI is showing probable crossover of 30 line. Volume is still average. If counter closes above 4.70 then the pattern will be confirmed. Strategy 1 : Buy RPOWER if trading at 4.70 or above during 3- 3.25 p.m. with stop loss of 3.95 Target open Strategy 2 : Those who want one more confirmation can wait for CCI crossover...
Indusind Bank has broken long term trendline on weekly chart. It has also started making lower top lower bottom structure on closing basis. Trend has changed to down. On lower side supports are at 1333 & 1265. Short term bounce can be expected from 1250-1270 zone towards 1550.
Going back to the data on BSE, we saw that Patel used to trade in between 11-23 during May 2002- Dec 2003. It gave breakout in Dec 2003 made high of 38 and then again fell back to 18.25 from where it has run non stop. 16 used to provide support during those days. Levels to watch out are 18.25-15.90 . If counter makes panic low in this zone and then again closes...
Buy at 60.80-60.30 sl 58.50 TGT 65.50 Closed above center line of 20 day BB. Volume is good RSI has already given crossover.
Buy only if Neckline is broken on 15 minute closing above 4650 SL 4610 TGT 4780-4850-4900
Gindwell norton had given breakout from 470-575 range , sustained above it and then moved back within the consolidation. Swing high of 590 (visible on chart) has been creating hurdle from last 6-8 sessions where counter did failed attempt to cross level. Bollinger Band mid line is at 580. RSI and CCI has given positive cross over but we'll wait to see close above...
It's just a gut feel without any technical backing. If today Nifty make bottom around 11785-11790 and then gives positive close by 20-30 points, then we expect Nifty to hold that bottom till Budget and start up move to post fresh highs. Technically, we need close above 11900 for upmove towards 12100.
Buy DHFL at 81-82 with SL 76 for target 93. Today's close abv 81 is good for the counter