Looking short. Details on chart. Post for educational purposes only - trade at your own risk.
#Nifty #Auto Bounced from resistance turned support and looks equally strong relative to Nifty. Continued momentum in Nifty might see new highs made in Auto large caps. YoY Dec-20 quarter results are hinting at a recovery too
Levels mentioned on the charts - buy with strict SL
Levels mentioned on the chart. Interesting setup and day close above 650 can be a buying trigger
Sun Pharma is making a second top at current price levels. A breakout above 560 can see fresh buying and positive momentum
PVR is trading at a weak resistance which has been tested a few times already. The PVT is very strong on Daily charts indicating a possible breakout in the stock. Could be purchased with a small SL.
Nifty Pharma index is almost at 2016 levels. Mar-2015 was when CNX Pharma was at its all time high which is less than 10% away from the current levels. Waatchout for the biggies like Dr Reddy and Lupin now and then midcaps ones for a sustained upmove across the month.
Looks great on charts - wish it had more delivery percentage though. Still looks like a good time to enter to catch the building momentum
- Indian coffee prices see a sharp decline - International coffee prices stable/ above average - Technically, stock is trading at band resistance and a breakout might see good momentum
Fancy Nov-month numbers by all Auto companies has brought Nifty Auto this far and there is no stopping after this resistance is broken.. Looks good for a 5% move - invest in a diversified portfolio of mid and large cap auto companies
Fancy Nov-month numbers by all Auto companies has brought Nifty Auto this far and there is no stopping after this resistance is broken.. Looks good for a 5% move - invest in a diversified portfolio of mid and large cap auto companies
Indigo is testing support level and seeing some buying interest. Although a trade should be taken only after seeing sustained buying and consequent price appreciation. Track closely for positive momentum
Havells - made a pole and upflag pattern but back at resistance and looks weak below current price
Watch for newer highs in this counter - SL given on the charts
On the back of good performance by PSU bank shares, Nifty PSU Bank index is approaching an important resistance which could indicate of the continuance of rally or reversal. All levels mentioned on the charts.
All steel stocks are technically and fundamentally bullish but SAIL looks great on charts