Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Positional hold. Sl around 147 cbsl. Don't hesitate to close before target reaches. If you want do accumulation/distribution instead of one shot buy. Hopefully, market should remain strong so that we can get most out of out position.
Stock is in strong uptrend should bounce again. Follow the stop loss, don't hold for long.
Rationale: 1. H&S 2. RSI Divergence 3. Nifty Pullback One can short futures or go ahead and short calls (if it won't go down then will consolidate there).
Although market conditions are not favorable right now despite that stock is showing strength in a weak market. Buy as per your risk appetite.
Long: 507.65 SL: 483.45 Target 1: 548.52 Target 2: 580.44 Target 3: 586.50 RR: 3.28
Wait for volume to break. Observe only volume indicator as momentum indicators does not work better in sideways price movements. Wait for breakout with good volume.