A nice Shoring opportunity is found in UltarTech Cement. Risky traders can trade in June 2020 contracts in Futures and Risk averse can trade using Put Options. Pattern - ABC Correction. Can I trade in cash segment also - YES with a strict Stop loss.
A nice Eliott wave formed in Tata communications. Sell with a Stop loss of 746 for target 692-690.
Three drive pattern found in Glenmark. Go long with SL 840 for a target between 915-918
Tata steel formed double top . top1 17-March-2017 price 508.75 , top 2 7-April-2017 price 506.35. it has broken the neckline support. May try to retest the neckline but at end will surely touch target of 446. Keep stop loss of 492.75 and go short.
Voltas has formed double bottom and has crossed the neckline and is about to complete the double bottom with a target of 401-403. Bottom 1 : 18-Nov-2016 Bottom 2: 27-Dec-2016
Mindtree has broken the neckline support - Short or buy put options for a target of 443 and a stop loss of 489
Mindtree has formed the head and shoulder pattern and broken the neckline support . Short or buy put options with a stop loss of 489 and target of 443
ITC has formed double bottom . Bottom 1 : 222 @ 24-Nov-2016. Bottom 2 : 222 @ 26-Dec-2016. Go long with a stop loss of 215 and a traget of 257. Expected timeline for traget : 13-jan-2017 to 16-jan-2017.
ITC has formed double bottom. First bottom: 24-Nov-2016 Second bottom: 26-Dec-2016. Expected target : 257 Stop loss: 215
HUL has formed inverted cup and handle pattern, Buy as swing trade stop loss 782, target 1: 802, target2: 805,