Buy Bhel abv 69.35 stop loss 67.80 target 1 - 70.50 , tgt 2- 72
Though our stop loss has triggered in short but we'll wait for buy position. Falling trendline needs to be breakout with big green candle. 11960 would act as resistance. Market is playing in range and so we are witnessing s/l getting hit.
Nifty spot can be sold below 11830 with stop loss above 11880 for target 11770- 11735-11700. Logic is that 3rd support doesn't emerge at trendline that means it was not a trendline and it is expected to continue downward journey. H&S as a continuation pattern can also be traded.
Bank Nifty is looking short on both 15 & 30 minutes Ichimoku cloud. Trendline and swing support around 30630 will play a major trigger. Sell below 30600 with stop loss of 31050 for target 29200.
Buy Jubilant on daily close above 1345 with stop loss below 1310 for target 1430. Inverted H&S has been formed on daily chart after taking support from mid term support line.
Buy above 238 with stop loss of 228 for target 260 & 268 Tata Global Beverage has reversed the downtrend with inverse H&S pattern on all time frames. Volume was very high on breakout. RSI is in comfortable zone. After breakout from H&S, now it has formed bullish Flag which is a continuation pattern. Breakout of flag will be above 236 but for margin of saftery,...
Ichimoku cloud has signaled sell on both 15 & 30 minutes chart. Sell around 11808 & 11835 with stop loss above 11880 for target 11720 (38.2% retracement) * 11600 (50% retracement and Daily ichimoku cloud support).
Sell Nifty spot below 11830 SL 11950 TGT 11500.
ONGC is trading in descending range. Buy if moves past 174 (15 min close) for target 176.50-179-181 with SL at 171.50. Volume picked up in last 2 candles of the day.
Buy above 561 (15 minutes candle close) with stop loss below 550 for target 590 Volumes have been spiked in last couple of 15 minutes candle indicating activity from traders for directional view. It has again reversed from 558 level which a retracement resistance. If it crosses 559 with volume and close above it on 15 minutes candle then major move can be...
Sell on rise at 277-278 SL 280.50 TGT 268-265. It is showing 1_2-3 type negative divergence on RSI.
Sell on rise at 352 -353 sl 350 TGT 336 ( Moving average cross over)
Sell Tech Mahindra on rise at 745-748 SL 766 TGT 705. ( double top breakout target) Buy at 705-702 SL 688 TGT 740 ( support line)
Buy Biocon at 545--543 SL 537 target 558-560 or Buy above 561 with stop loss below 548 for target 585 Biocon has bounced from the trendline drawn on daily chart. Volume in last 2 days are good. MACD has turned positive but still bill signal line. Hourly chart is showing positive divergence on MACD and also crossed signal line. 560 is the resistance above which it...
Buy on hourly close above 131 with stop loss below 122 for target 160. Engineers India has been consolidating in 100-130 range from last 8-9 months. It has given breakout within the pattern but still not able to cross 130 range. 20 DEMA is above 50 DEMA. 50 HEMA is above 200 HEMA. Volume has been good in the run from 100 to 130. 120 will act as support...
Buy above 258 with stop loss below 252 for target of 265-270.Torrent Power has been trading in a broader range of 210-280 from last 1 year. This range has further got narrowed 230 270. Today's volume were good but it couldn't mange to close above resistance line. RSI is also in comfortable position.
ICICI Bank is showing Negative divergence on RSI of 15 and 30 minutes chart. Sell below 432 ( 20 EMA on 15 min) with stop loss above 437 for target 427- 421. Stock is showing fatigue near 430-437 zone.
Buy Yes Bank at cmp 147 SL 143 TGT 160. It has come out of consolidation with moving average cross over on hourly chart. Volume is good on breakout from consolidation.