ZenMehta

ZenMehta

Banknifty today moved in parallel channel , as tomorroa is expiry , the market would be volatile . So trade carefully . Good buy if it reverses from 30600 . It would have a range of 30420 - 30920 , if it breaks the the channel then , it can reach the levels of 31150 - 31200 on the upside and 30000 - 29950 on downside . Happy trading .

ZenMehta

Infy today broke a major resistance and now retesting it . Buy above 1155 , target 1 = 1165 , target 2 = 1180

ZenMehta

Coforge is near its resistance , can give breakout or can move back to its support . Avoid fake-outs . Buy above 2508 (wait for retest) , target 2550-2560 . Sell below 2468 , target 2425-2415 .

ZenMehta

Bnf is forming an inverse h&S type pattern , buy above 30345 - 30360 if the banking sector favours . Target 30550-30600 .

ZenMehta

L&T forming resistamce at 1172 Indicators :- DEMAND INDEX showing Bearish divergence. RSI showing Bearish Divergence. Indicators are just for confirmations . If the market favours then , sell below 1160.5 with a target of 1145-1141 If breakout occurs then , buy above 1172 with target of 1190-1199

ZenMehta

The stock has been consolidating in the triangle range from laste week , can give breakout today or can be bearish . Buy above 1675 with target of 1710-1715 Sell below 1657 with target of 1640-1635

ZenMehta

Icici has formed a triangle type pattern which can give breakout today . Buy above 513 with target of 524 and 530 Sell below 507 with target of 494

ZenMehta

Indigo rallied more than 200 points last week from 1530 to 1745 . Faced major resistance at 1745-1750 . Now we can expect some correction or bearish trend from monday as RSI is showing BEARISH DIVERGENCE . If breaks the channel , we can go SHORT for the target of 1680 and target 2 for 1650 .

ZenMehta

Dr reddy recently broke the trendline , retested it , and now formed a triangle type pattern , retraced 0.618 and going upward . Can go for long if breaks the triangle pattern.

ZenMehta

TCS near the resistance of the pennant pattern , if breaks the resistance then , buy above 2737 for the target of 2750-2755 with SL of 2730 .

ZenMehta

HUL broke the pennant pattern , retested it , now in uptrend with rising volume . Good buying levels if retraces to the levels of 0.5 and 0.618 ie :- 2180 and 2177 respectively . SL = 2165-2167 Target 1 = 2205 Target 2 = 2220

ZenMehta

HUL yesterday broke the channel with rising volume , retested and now in uptrend . Good buying opportunities if retraces to levels of 0.5 & 0.618 ie :- 2180-2177 (Buy) . SL = 2165-2167 Target 1 = 2205 Target 2 = 2220

ZenMehta

RIL at resistance plus DOJI on resistance . Can move either way , we have to be ready for both side . If break resistance , then TARGET - 1970 , 1980 If goes lower , then TARGET - 1951 , 1945

ZenMehta

Banknifty had a glorious upper run but now it can see some correction . If market sentiments are negative , then can see the levels of 29600 .

ZenMehta

Indigo continuously consoldating after downtrend If breaks upward :- buy above 1520 , target 1525-1530 , SL 1516 If breaks downward :- sell below 1505 , target 1500-1496 , SL 1510

ZenMehta

L & T is looking bearish with huge volume on selling side . Consolidating for days now , will give a bearish move tomorrow or in coming days . If the suppport is taken off (flag pattern) then , Target 1 :- 1070 Target 2 :- 1027-1030 SL :- 1134 - 1140

ZenMehta

Near daily resistance , promoter revoked pledged shares which is a positive news . Once broken the resistance , it may see the levels of 65-80.

ZenMehta

Neclife broke weekly resistance weeks ago and now forming symmetrical triangle , buy if triangle breaks positively or wait till retest . Target of 34-35 , if crosses it then , upto 50 .