If Cosmo films closes above 414, go long with a target of 430 in 5 trading days.
Cosmo films is trading near the green box and any reversal from the green box may take the stock higher.
If it doesnt hold, it may fall to 395 levels from which fresh new positions may be created.
analysis based on Fibs
NMDC closed just below the confluence zone.
It may receive strong short term resistance at 121 levels.
If it closes above 121 for 2 sessions, Go Long with targets of 135 and second target of 142.
Analysis based on Fibs.
Sell siemens at current levels with a target of 1246 for immediate trade.
In the medium term, Siemens is in a bullish trend. Buy anywhere near the confluence line - 1300 for a 3-4% gain in a fortnights time.
Recommendation based on fibonacci analysis.
Go long in IFCI.
As per Fibonacci analysis, it has shown 100% drawdown wrt previous fall and has maintained to close above 0.3 fibs ratio.
Expect further upside to 26.3 levels in 3-4 trading sessions with a SL of 25.1
As per fibonacci analysis,
Tata Motors is still trading in the green box which is a bullish signal.
It has consistently retraced from 0.5 fibonacci ratio.
Expect a strong upmove towards 460 levels where it will get a resistance from the confluence line .
Keep a strict stoploss of 425.
Any closing below 425 will take the stock further down by atleast 5%