EXIDE INDUSTRIES NSE:EXIDEIND : Time Frame(TF) : Weekly , wait for the price to come @ 180 and then buy on 200 MA Support level . Reason to buy : 1. Took a retest on fib retracement level of 23% 2. Supply level strong 200rs level , major confirmation after that . 3. Major battery companies showing momentum...
NSE:VOLTAS Reasons to go long : 1. Reversal from the golden reversal level of 61.8% fib level . 2. Trend Break + Retest Done 3.Very strong buying (bullish volume ) today (10-02-23). 4. Volume profile indicator showing no major resistance till 1000 lvl. 5. Q1-Q2 earning will increase ( summer months )
NSE:INTELLECT Intellect Design Arena Ltd LONG trade . Reason to go long : 1 . Taken Fib support of 61.8% 2. 2 Bullish Marubozu bullish candles . 3. Emerging IT player 4. String YoY results 5. Bounce Back on the Volume profile level ( Demand Zone ) Buy @ 455-460 Lvl SL @390-388 Tgt 1 : 515 Tgt 2 : 570 Tgt 3 : 620
Reason to go Long: 1. Trend Break 2. Earning reports are speculated to be good. 3. 23% Fib retracement bounce . 4. MACD crossover NSE:EMAMILTD
SBI Life is a long at current levels. 1. RSI>50 2. Trend Breakout 3. Retest 4.Good Volume 5.Weekly Crossover of MACD
Buy Reasons: 1. RSI>50 2. MACD crossover 3. Channel Breakout 4. Above Fibonacci support level. Buy only on the levels specified on the chart and maintain a strict SL
The stock has been trading in a range for a long time , now its about to breakout ; buy when the price gives a clear breakout on the neck line. Consider the time frame here , I have used 1 Day as TF so the chances of hitting the targets are good only when you hold it for a longer duration. The SL here is of 3.5-4% , so do your Position sizing according to your...
NSE:TATACHEM 1. Its price is at important 50% Fibonacci retracement level. 2.Channel Breakout + Retest 3. Consolidation of more than 195 days ( Bigger the consolidation , Bigger the breakout ) 4. Enter again if SL hits , As the market is -ve , it might fall for more 1-2% . But Risky traders can enter now itself.
Consolidating for a long time now + broke trend + retest done + above 38% fib level. Its a risk worth taking!!! NSE:IRCTC
breakout given on the price , buy on the given price as it might come back to retest (and it will !! ) NSE:HAVELLS
NSE:INDUSTOWER Indus towers making a big reverse from the support with a heavy bullish candle. Can buy at current levels. SL, TARGET are mentioned in the chart.
Bharti Airtel has broken out of a big consolidation of 195 days or 6 months . It will at-least go till marked levels of Fibonacci retracement level . The bigger the consolidation , Bigger the move!! Buy in the range of 738-735 and Keep the SL intact . NSE:BHARTIARTL
LT has broken a long trendline of over 3 months and also retesting now. It is good bet to buy for a duration of 10-30 days . RSI is also above 50. Target , SL and buy levels are mentioned in the chart. NSE:LT
Reasons to go Long on NSE:PEL : 1.Made a Pole and Flag Pattern 2.RSI 50+ 3.Fibonnaci Support The only Problem here is that the TF used here is 1 Hr so the TGT/SL can be met 2-3 days only or even Intraday! buy only in the given range or else you may mess up the R:R.
NSE:GRASIM at 38% fibonacci support + inverted head and shoulder + RSI ABOVE 50. All tgts, SL buying zone given in chart.
As it has been long since the steel/metal sector is consolidating , it looks like now the sector is about to go tits up high and give gains like last year. #JSWSTEEL has broken the flag pattern and coming down to retest so its a buy situation as long as its price is above 667. NSE:JSWSTEEL
Tata consumer is a buy in the range of 740-748. Reasons to buy : 1. 38% Fibonacci level retracement 2. Ascending triangle formation. 3. Already gave a breakout of a big trend and retesting now. 4. RSI is also above 50 which gives us a clear uptrend confirmation. Buy between range of 740 to 748-50 , if you want confirmation wait for...