After the fall Biocon has is consolidating a price range, rejecting near 407. So breaking that range will bring buying interest. So buy when it breaks 410 with SL of 400 spot.
It can trigger sell also if the lower levels break but it is near support area so I won't be taking sell trade.
Gravestone Doji formation at 52W high. Short if it breaks day's low that is below 883 with SL of 922 and target of 800 as per charts.
Another theory which supports this is RSI. According to RSI, technical top was formed at 799 after that it made another high of 922. Hence, to correct it, It has to come below 799.
It appears that Happiest mind is making a bullish pennant which is a continuation pattern. Breaking the pennant can take it towards its first target of 600.
So buy if it breaks 560 with SL of higher low that is 532. It will be a better idea to buy on retest.
It looks like Rain has completed it's correction as it is sitting on 2.618 Fib support also near the bottom of the channel. Next wave can take it towards its next Fib resistance of 3.618 that is 187.
Stoploss is 144 Weekly closing basis.
Bullish doji at support is usually a sign of reversal. But, we wait for confirmation right? So we will buy above 15400 that is the high of previous candle. With SL of Day low i.e. 15365. DO NOT BUY UNLESS IT TRIGGERS.
Nifty formed a bearish Doji at it's 52 Week high which generally indicates exhaustion of uptrend. So plotting AVWAP on the top of the doji which acted as strong resistance. Today it crossed AVWAP and closed above that which indicates further bullishness. So one can take a long trade here with AVWAP as SL that is 15237.
Orient cement is an awesome long candidate. Stock is reaching it's 52W high, crossing that will give it more strength. So the idea to buy the strength and ride it. So long trigger will activate above 96 with SL as 92.5.
Adani Ports has reversed from its monthly resistance zone marked as yellow and is at it's daily support zone. Breaching that it will move towards its next support zone.
Short below 341 with Stoploss of 351 and target of 320.
Disclaimer: These are my personal trades. Only for educational purposes.
SHILPAMED recently has given breakout. Now it is dancing in a box of 604-695. So, one can go long/accumulate in the range of 605-626 with stoploss on day closing basis(DCB) of 603 for the target of 695 which will give a superb risk reward ratio.
Positional long in NATCO PHARMA on the basis of Darvas box strategy. On July 10 this stock moved into a new box of breaking its range of 806 and on July 11 it formed the top of box which is 866. So, our strategy is to accumulate in range of 806-820 for target of 866 with stoploss of 805 DCB.