1)Resistance Tested multiple times 2)Good volumes while breakout 3)Taking support of 50 Daily EMA 4)Forming Higher Highs and Lows Expect a target T1-125 and T2-140 position can be taken based on a few weeks to months based holding period Risk will be 4-5% of capital !!! MANAGE YOUR RISK BEFORE YOU TRADE
One can BUY COSMO FILMS at retest as 1)Breakout with good volumes 2)Taking support of retracement levels Risk of 4-5% is enough for a swing basis and the target is two times
Keep a watch on Apotex Reentry can be taken once tests the support
TIINDIA can be bought as it has been consolidating for a large period and there is a breakout nearing Aggressive Entry: can be bought Defensive Entry:wait for the all-time high to be broken
Varun Beverages can be taken on a swing basis based on giving analysis One May take position based on own risk PLS LIKE AND SHARE !!!!
SAKSOFT is nearing breakout levels Take entry as per risk appetite Can be taken for swing trades risk is usually 4-5% and target 2*risk PLS DO lIKE and SUPPORT
CIGNITI has broken very strong resistance now came for a retest on this , which will act as strong support can be accumulated on a swing basis.
Reliance can be taken on a swing basis with target till nearest resistance the zone has been tested multiple times, hence become weak, Target till nearest supply zone
ASHOKA BUILDCON 1)Higher Highs and Higher Lows Formation 2)Resistance zone tested multiple times hence has become weak 3)Retraced back from earlier support as well as trendline Keep watch on this stock when nearing breakout range go long if breakout with good volumes.
Titagarh has given a good breakout in the Weekly Time frame with good volumes Nearest Resistance at 120 -124 range Position-swing Risk-4-5% Target =2xRisk Checklist 1)Breakout-Yes 2)Volumes-Good volumes 3)Consolidation or Retracement before breakout-Retracement was there before breakout
KANSAI NEROLAC can be accumulated on a positional basis
1)Breakout on Weekly time frame with good volumes 2)Buyer Building up as Higher Lows are being formed Can be bought on a positional basis with proper stop loss and risk management
AMBUJA CEMENT can be taken on a positional basis with a small stop loss wait for price action.
There is a good consolidation, wait for good upmove keep a watch on the axis bank.
Bharti Airtel is consolidating near the 519 level once it breaks this low a short down move can be expected . On Intraday Basis one can Go Short if the Previous candle low is broken. Caution: 1)Gap Up-Down will result in a different price action 2)Manage Your Risk Execute at your own risk HAPPY TRADING!!
JSW STEEL is consolidating in this given price range one can accumulate with a very small stop below the range, below this range it can go till 643 range marked this seems a retracement as global commodity prices are surging one can have a short target of 60 pips on the upside just before the peak EXECUTE AT YOUR OWN RISK HAPPY TRADING!!!
HAVELLS has broken the trendline though already given a big move but can be accumulated on a positional basis, there are resistances on 1072 and 1182. EXECUTION AT YOUR OWN RISK