After an enormous beating, Balrampur chini has made a U turn
On hourly charts, sustaining above recent swing high comfortably.
One may go long at CMP 93 with SL below recent swing low 79 With Intermediate target of 120,140 with final target of 170.
Stock has seen an enormous upmove in last six months.
Looking at the rising heat in metal sector, this stock is most suitable candidate for sharp move.
Stock touching triple bottom on hourly charts.
One may go long at CMP 285 with SL of 275 keeping a target of 320
Relcap completed rounding bottom pattern
and now showing minor signs of distribution here.
If the distribution continues, one may sell here at CMP 599 taking a strict Closing base SL of 620 with a target of 405.
A strong momentum is going in the stock.
A small consolidation of 3-4 sessions has been witnessed and its again breaking out.
If it sustains above 567, one should go long with SL below recent swing low 540 with a target of 610
Ktk bank retraced to 133 from 160.
Now in resuming uptrend it has reached to 50% Fib Level.
If the stock continues recent trend and sustains above 157, one can go long with SL below latest swing low 148
keeping 180 as target.
Yes bank completed rounding bottom on daily charts and entering consolidation period.
Last high was 1862.
It tried to cross 1862 in last 4 sessions consecutively but failed every time.
Lets make this consolidation fruitful.
- Short Yesbank 1860 CE @ 31.50
- Short Yesbank 1800 PE @ 20
- Long Yesbank 1900 CE @ 17.5
Now Lets discuss ...
Nifty Tested Highest swing high again but refused to sustain there.
A small retracement before next upward journey is prominent.
One can go short here at CMP 10080 with a SL above swing high 10140 with a target of 9950 which was last swing high as well.
Everybody was expecting a correction since nifty crossed 9500 but market reacts when nobody expects :). This time it was not an exception as well. Markets taking a steep correction.
Nifty currently taking support at 61.8% Fib Level 9720. One can go long here at CMP 9745 with SL below psychological level 9700 with a target of retest to 10100.
Showing good momentum since last few trading sessions.
Round bottom formation is in progress on weekly charts.
stock is currently trading at 50% Fib Level, If it sustain above that, One may go long in stock at CMP 695 with a SL below recent swing low 640
Final target is 1080 with intermediate targets of 776 and 907
Stock is having a dream run since last 3 years.
A retracement is due before the uptrend resumes.
movement of this week shows its already started retracing
one can go short at CMP 2960 with SL above recent swing high 3150 with a target of retest to recent major swing low 2530 and later on 2450.
After a retracement from sharp bull run, stock is taking support at 38.2% Fib Level and seems ready to resume trend as its already broken channel.
One can go long at CMP 642 with SL of today's Low 620 for a Target of retesting the top 760.
Long term trend in stock is up.
After facing a pullback, stock seems gaining momentum again.
If it stays above 38.2 % Level 776, one can go long in the stock with stop loss of recent swing low 750. Target is high of June monthly candle 870, intermediate targets can be taken as 796,817,846
Stock is in strong downtrend since last 2 months.
now it seems botommed out, last 15 days its forming higher highs and higher lows.
One can go long at CMP 251 with Stop loss of latest swing low 239 which is also 20 Day SMA.
Once it gains momentum, it will fill the gap till 320.
266,278,290 can be considered as intermediate resistence and partial profit booking points.
Stock in strong upmove.
Recently it has seen narrowing bollinger bands followed by another spike in price.
Today a block deal caused sharp retracement and it closed on 61.8% Fib Level at 191.50
If it managed to stay above the level one should go long at CMP with stop loss of today's low 174 with open targets.
Nifty showing too much indecisiveness.
7 Dojis can be seen in last 15 trading sessions.
3 hammers indicate bulls are not tired even after a long run.
If recent Swing high and low are connected, we see today's close is at 78.6% Fib Level which is also 20 days SMA.
one can go long here with a stop loss of recent swing low 9560 with open targets
Stock in strong uptrend,made a top of 7480 and witnessed some pullback.
as soon it went below 20 Day SMA, pulled back sharply to form a Hammer on daily chart.
One can go long in the stock at CMP 7265 With a stop loss of today's low 7153 for a retest of 7480.