BSE:APOLLOTYRE has respected its upper Bollinger range and failed to break the cloud CMP 250.70 Short below 249 TGT 230 SL 259
NSE:ACC has shown signs of reversal towards its upper bound within its range-bound mood CMP 1722 Buy above 1732 Target 1785 SL 1697
NSE:HINDPETRO is moving to catch its upper range CMP 419.50 Buy above 423 Target 443 / 470 SL 407
NSE:TITAN has boomed a lot recently. It even broke the H&S pattern bearishness with a bang! Titan is taking resistance at its current price and has the potential to reverse from here. Actual trade setup is not yet made. So this trade is only from very aggressive and risk taking traders. CMP 782. Short below 767. Remember its only for the high risk takers...
NSE:BRITANNIA has touched its upper trend line and retraced Stock is heavily overbought CMP - 4628 Short below 4600 Target 4330 SL - 4730
NSE:IRB may go for consolidation now. Its high in RSI and MACD is showing reversal in trend. Stock has also made a strong bearish engulf today. CMP 338 Sell below 335 Target 315 Strict SL of 352 and Closing basis SL of 246
NSE:TATAPOWER went to resistance level and retraced nicely. CMP 84.50 Sell below 84 Target 79 / 75 However I feel that a fall below 78 can be fatal for the stock
NSE:PFC is at multi-month and multi-year resistance. It attempted to breach the resistance but ended up negative. Short PFC below 141 for target 128 SL 149
IRB is facing resistance and might give a chance to short Short IRB below 234 Target 222 / 208 SL - 242
NMDC might be making H&S pattern For short term gain short NMDC at 133 Target 120 SL 136.5 For long term chart target can be followed.
Titan is making H&S pattern at the peak of its uptrend. Looks to be a good case of probable trend reversal. Once right should is complete titan can go as low as 520. Apart from H&S pattern Titan is also making bearish triangle pattern, making lower highs while not making higher lows. Once the triangle is broken on the bearish side it will complete H&S pattern...
ACC has taken support at its strong support line. Stock is also oversold as per RSI CMP - 1643 The stock is ready of 1685 / 1760 / ++ SL - 1610
NSE:CASTROLIND has moved towards its upper band while staying on the negative trend CMP - 378 Short below - 374.50 SL - 386 (breakout above that) Target - 355 / 340
BSE:MOTHERSUMI has taken resistance at its upper resistance trend line. Stock should take correction from here CMP - 355 Short below 352 Target - 347 / 327
OIL india had a good up-journey and is now ready for possible major consolidation. OIL india generated a nice bearish engulf followed by a sense of confusion in the stock Short OIL India CMP - 350 Short below 345 (risk takers can short right away) Target - 339 / 323 / 295 SL - 360 (people who are looking for smaller SL can keep it at 355)
NSE:FEDERALBNK federal bank has started moving back to its upper bound The stock is also moving towards builing a bullish triangular pattern. Once the top (121.5) is broken stock will go for breakout Buy Federal Bank above 114 Target 119 and above SL 111.30
Asian paint has just started the steps towards its upper bound. Asian paints also made a shooting start in its last session giving a bullish indication from here. CMP - 1157 First target/resistance 1185 Once 1190 is broken it will shoot to 1260 and above SL - 1142
NSE:JETAIRWAYS has corrected nicely recently falling from the levels of 590 to sub480. Jet airways seems to be respecting the support trend line. Stock made a dogi to signal the time for reversal. RSI of stock also suggest oversold stock. Buy Jey above 490 (aggressive buys can buy above 484 with high risk) Target - 530 / 540 / 580 SL - 470