ZenMehta

ZenMehta

RIL forming a double top pattern , closing below 2455 will lead the stock to 2420 , 2370 .

ZenMehta

Sgx nifty is respecting its 1 hr trendline , until this is broken , market will stay slightly flat or bullish , its just my analysis.

ZenMehta

Escorts been in downtrend from last week , yesterday formed double bottom and gave some upward movement . Now if a trend break happens , we can go for buy side . 1324-1320 are major support level !! Buy above 1346 , target 1368 - 1380 - 1400 , SL 1324 Sell below 1324 , target 1295-1290 , SL 1340

ZenMehta

Banknifty today stayed volatile today , bears were attacking bulls the first half of the day but bulls showed their power and closed 320 points upper than the low of the day . Global indices are giving mixed signals , so be prepare for both sides . Major resistance levels at 30780 - 30825 . The indice is at Support , weak below 30580 . Happy Trading !!

ZenMehta

Hdfc consolidating between this channel from last week , can give breakout today or can go back to support . Sell below 2300 , target 2270 - 2260 , SL 2310 . Buy above 2310 , target 2335 - 2340 , SL 2300-2295 . Happy Trading . Avoid fake breakouts , always wait till confirmations .

ZenMehta

Moving in parallel channel farom last week , now , we can trade in parallel channel and also the breakout . Buy above 455 , target 458 - 464 , SL 452 . Sell below 452 , target 448 - 445 , SL 455 .

ZenMehta

Buy above 2000 , target 2025 - 2040 , SL 1987-1984 Sell below 1986 , target 1960-1950 , SL 1995

ZenMehta

Amara raja stayed in the pennant for last whole week . Now , can give breakout tomorrow or this week , avoid fakeouts . Always wait till it retest and go up . Buy above 940 , Target 957-960 . SL 931-932 . Sell below 919 , Target 895-900 , SL 930

ZenMehta

Maruti near its 15 min support plus near its trendline resistance . Sell below 7684 , target 7640 - 7550 , SL 7710 Buy above 7750 , target 7790 - 7852 , SL 7710 - 7690

ZenMehta

Hero yesterday broke trendline suppprt , retested it and formed a large red candle showing strong rejection . Sell below 3169 with target of 3153 - 3130 - 3106 , SL 3195 . Buy above 3210 , target 3240 , SL 3198 .

ZenMehta

The level of 516 is a major resistamce of icici bank and stock reached it yesterday amd formed a doji on resistance indicating indecision , now wait till monday for market sentiments and see how market reacts . If breaks resistance then wait for retest and go for long and sell if market sentiments are negative below 512-513 .

ZenMehta

Cipla's been in downtrend from last week , now it is mear its support . Sell below 750 , target 743 - 740 , SL 753-755 . Buy above 760 , target 765 - 770 - 775 , SL 748-750 . Always wait for retest , if no retest is done , dont trade . Happy TRADING .

ZenMehta

Tata chemicals near its wedge resistance , now can either go upward or downward , we have to be ready for both . Buy above 514 , target 521-525 , SL 510 . Sell below 510 , target 505 , SL 514 . Happy TRADING !!

ZenMehta

Eicher motors today broke the range it has been trading from last 2 weeks . Sell below 2486 , target 1 = 2470 , target 2 = 2455 , SL 2510 Buy above 2510 (wait for retest) , target 1 = 2540 , target 2 = 2560-2570 , SL 2486

ZenMehta

The stock's been in uptrend from last 2 weeks , now trading near its resistance . Buy above 3215 with target of 3285-3290 , SL 3195 Sell below 3180 with target of 3135-3130 , SL 3195-3200 Happy TRADING !!

ZenMehta

TCS has been showing some strength from last week by breaking resistance , now looking for some major move upward if the market favours . Buy above 2798 - 2800 , target1 = 2825 target2 = 2840 , SL 2775 Happy TRADING !!

ZenMehta

Double bottom and retesting the resistance , buy above yesterday's high at 2565 with target of 2630-2635 If the market volatility curbs the trend and rsi bearish divergence works , then Sell below 2490 , target 2415-2405 , SL 2510

ZenMehta

Coforge price action shows that price broke resistance , retested it and now forming double bottom !! Go for a BUY above 2515 , safe traders can enter above yesterday's high for a target of 2630-2635 , SL 2490 If the rsi divergence and the market volatility curbs the trend then , Sell below 2487 , target 2415 - 2400