EID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs. Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon. CMP: 565 Breakout level : Today's high (579) SL: 560 Targets : 540 / 700 Disclaimer: I'm not...
Balaji Amines almost gave a long pending breakout today. High level of volume seen today, adding to confidence for its breakout soon. The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295. First target will be 2600 where resistance can be seen. Disclaimer: I'm not a registered analyst. I'm only sharing...
Advanced Enzyme has made a consolidation breakout. Breakout is supported with high Volume, which is almost 4 times of its average volume. The breakout is also made Cup & Handle pattern over a period of almost 2 years. This pattern is generally quite reliable for the further hike in stock price. Breakout level : 350 CMP : 360 SL: 345 Targets : 410 /...
Nifty is weak After a long bull rally nifty broke the resistance of 17800 for a short time but could not hold it till weekly closing. Nifty is now weak below 17800 with minor support at around 17350 which should get easily broken given that the rally given by Nifty was around 2500 pts. 16800 or 16300 are more realistic bounce back targets for Nifty. General...
Reliance made all time high breakout on 21 Apr gaining over 60 points during the day. RIL helped a lot to lift nifty on the day. on April 22 though RIL opened with a small gap down giving indication that this is the breakout level retest. This gave concern, as all time breakout should not have a intraday retest. Retest should have happened after 2-3 days after...
Trading idea - Sun pharma - Intraday for 25 Apr Buy Trade setup buy above 927 SL - 924 Target - 931 / 938 Sell Trade Setup Sell below 914 SL 917 Target 906
Nifty is in 5th wave (drawn in orange). Nifty completed all 4 waves fully and have taken the last wave which should move it to 15500-15800 level. Nifty should reach this level somewhere in between May 09 and June 06 2022. Inside wave of this 5th wave is drawn in blue. As per that the current upmove of Nifty should take it to 17400-17460 and then the decline...
NSE:APOLLOTYRE at at multi months support and is showing rebound from there Short term trade setup CMP 207 Buy at 202-204 SL 193 Target 229 / 245 Remember on a longer term the stock is still in bearish mode. Markets are highly risky right now. Trade as per your capacity only. Disclaimer: I'm not a SEBI registered adviser. The chart is published for...
DABUR is heavily overbought on daily, weekly and monthly charts. Its also showing price reversal at a multi-month, multi-year resistance point. SELL setup CMP: 442.60 Sell below - 444 SL -451 TGT - 412, 383, 350, 315
AXIS is at a very critical point. Axis is standing at a very strong resistance point in daily as well as weekly charts. Its high on RSI and has shown the price reversal on Friday honouring the resistance point. Check out the charts and get ready to mint some money SELL Trade Setup : Sell AXIS if opens below 613 or goes below 610. SL - 626 TGT - 570, 545,...
NSE:DLF is one great stock that's recovering after consolidating much. DLF is making Inverted H&S pattern with favorable RSI and MACD. Buy Trade: Buy above 226 SL 210 (short SL for low capacity trades is 216) RSI and MACD on intraday for 09May2018 looks bearish as MACD and RSI on 30/45/90 min is that much favorable. DLF may touch 220/218 once before...
NSE:TECHM is making H&S pattern and moving towards completing the right shoulder. CMP 626 Sell below 621 SL 539 Target 586 / 560
NSE:PFC PFC has consolidated as it should have. It also completed its H&S. Presently at strong support. CMP 91.90 Buy above 95 SL 92 TGT 110
NSE:KOTAKBANK Short below 1074 TGT 1050 / 1024 SL 1084
NSE:ACC after good consolidation has reached multiple quarters support. ACC has also made a few dogis to signal reversal. One can expect boost for cement and construction industry in budget ( just 1 day to go) CMP 1728 Buy at present price TGT 1850 SL 1707 on closing basis or 1690 strict
NSE:AUROPHARMA has consolidated for a while and is at its multi-weeks, rather multi-months support level. At this level Auro is showing gain of positive momentum CMP 670 Buy above 675 Tgt 690 / 726 SL 661
NSE:CADILAHC has consolidated from its highs and made dogi at bottom. As expected it started its recovery from there. Gave confirmation and broke the falling trend-line. RSI and MACD are favorable making it a good candidate for buy Buy it at current price CMP 422 Tgt 450 / 475 SL 410 on closing basis and 403 strict It can be a slow candidate though and can...
NSE:PFC has formed H&S shape and has been in weakness for long. PFC slipping below 116 should go till 93 CMP 120 Short below 115.50 TGT 93