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
NSE:TATAPOWER has corrected nicely recently and presently at its support. Stock has made a dogi at the bottom signaling its ready to change the trend and go bullish. Buy TataPower above 78.65 Taget 80 / 81.5 / 85
NSE:CASTROLIND has taken double support with double bottom as well and trendline. Castrol has also made a dogi at the bottom in a down trend signaalling reversal. Buy Castrol above 365 Target - 370 / 393 / 407 High probability that Castrol will at least breach second target SL 350. Short SL 356
NSE:LICHSGFIN , CMP 622, has made Head & Shoulder pattern and may lead to a big fall now. However we may see some retracement, to 640-680, before the action. Short setup Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520 Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade...
NSE:INFRATEL is ready to move towards its lower trend. Short Bharti Infratel CMP - 390. Short right away Target - 367 SL - 399.5 ( short risky SL 395)
NSE:SUNPHARMA is going through a down trend and once again near to the upper trend line. Stock has been struggling since a few days attempting to break the trend line but no avail. At the same tie the Friday crash off Nifty could not do much damage to the stock. Buy Sun Pharma above 535 with target of 575. Keep SL of 512 or 522 (above trend line) on closing...
NSE:APOLLOTYRE is making a bearish triangular pattern It can give a good fall starting tomorrow. However if the base trend line of triangle is not broken then the stock will move into sideways trends for some time. Inn that case it may not be good bet for the expiry. Monday's trade for sept expiry: Sell below 248. SL 252. Overall (not limited to expiry) Tgt...
Detailed in chart. If invested then stay long with caution New investment only after 160