arunkrmishra2000

arunkrmishra2000

Technicals: 1. Made a double bottom 2. Breakout with a good volume with a single candle. 3. RSI convergence Three different indicators pointing in the same direction give the trade the power of confluence. However, the entry should be made only after a successful retest. The target can be decided with the help of the Fibonacci tool as it will be making new highs...

arunkrmishra2000

Infy is trading in an upward channel with good support at the lower trend line for the last few months. We can go long with a target to the upper channel boundary.

arunkrmishra2000

Entry at 442 Target 610 Stop Loss 422 (and then trailing if the trade goes in our direction)

arunkrmishra2000

PVR has given a breakout from the levels of 1450. The best entry is when these levels are tested once again with clear rejections. However, this seems unlikely at the moment. So the entry can be made based on the price behaviour at the levels of 1485-1500 which were the previous highs achieved. SL can be adjusted based on personal risk aptitude.

arunkrmishra2000

Indian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors. However, option chain analysis shows a huge no. of calls (big resistance for this month) at the...