Big red candle with low volume, it could again take support at 668 if it crosses 680. I am bullish on godrejcp if it does not crosses 680.
In 30 mins chart, short if 50 day moving average crosses below 100 day moving average.
Swatantra Bharat me Azadi ke 74 Varsh Gath per aapko aur apke parivar walo ko hardik shubhkamnaye.
BUY ABOVE 834 WITH A TARGET OF 895 FOR POSITIONAL POSITION. FOR INTRADAY TRADERS BUY ABOVE 834 WITH TARGET OF 844-850.
It can cover the gap today itself if bank nifty goes up.
Levels given for intraday. Bullish till 375 and if it crosses the price the range of 375-378 then bullish till 390, after that lets see if it crosses resistance line present there.
Use 200 day EMA as support and resistance in 30 min chart.
Two strategies - 1. intraday for 10th aug levels given. 2. positional trade for 16% move with risk:reward of 1.88 . This week its earning will come so it could help to reach positional trade target. Like and follow for more.
Two strategies - 1. intraday for 10th aug levels given. 2. positional trade for 10% move with risk:reward of 1.6 . Like and follow for more.
risk:reward - 2.52 , 1st target - 427, 2nd target - gap range. Levels given in the chart. Like and follow for more intraday charts.
If it does not go below yellow trend line then it is very strong. The volumes have been good, i am buying if it takes support at yellow trend line. I will take a positional trade for next week.
A). trade the breakout. B). short with target 901, then check if it finds resistance there. If it finds resistance at 901 then buy with target of 915-925.
This week has been a profit booking week. Overall trend - positive and bullish. This is more like retracement and consolidation move, wait for breakout and see the price again to a new 52 week high. Constantly taking support of 50 day ema so keep an eye on it as dynamic support and resistance.
2 trading strategies - a. follow the price action, levels given. b. trade the breakout of flag.
Two consecutive days opened lower but closed higher which shows strength.
Earnings released, profit up 26.6%. Trend will continue in the same pattern but hike in prices for this week could come because of earning release.
Strong if it passes 119 with good volume.