Stock looking superb on weekly chart and its also break some important resistance like 170 level and 190 level but close below 190, So as per chart a buy position can be incite at the 172-186 level with stop 168-170 level with target of 210/240/new high,
* Remember its low volume stock so do not put stop loss or target order.
* maximum 2%-5% investment of your capital.
INFY Outlook: Infy can brought at current level with Tg- 940-50, Stop- 907 level, It can also hold with target of 1000 for stop-890-95 level for mid term period.
most of the indicator are supportive in buying in daily and weekly .
PowerGrid Outlook:Best entry above 216.85-217.10 area and Target will be 219/222 or a new high, Stop area should with in 214.85-215.50.
A downward channel upside breakout can be expected on hourly chart along with weekly chart also showing that its takes 210 sup which is very good support in weekly and now a possible breakout above 216.80-217 area with volume.
OIL: Now in case of OIL you can see a ascending channel breakout on up side but now questions is, Oil going to stay above that breakout level or not?
Now CMF showing that a clear buy volume above that level and RSI also break 60 level after long time and along with if can put 200 EMA you can get another confirmation for clear buy for hold until 340 level come....
TataMotors LTD Outlook: On daily and hourly basis Tata motors having clear breakout with supporting buying volume, Entry 386-396 area Target-402/420 level and Stop-380 level.
On daily chart you can see a double bottom breakout above 390 level on line chart and hourly basis you can see a downward resistance line breakout at 384 level on last Friday.
Over all stock...
NIfty50 Outlook: Very short but effective resistance line at 9884 level, if Nifty50 able to close above 9884 level on hourly basis a buy can be done and possible targets will be 9950/10000 or you can say next resistance levels, and stop 9850 level and a vise versa trading strategies is also looking available for intra-day go for sell below-9850 with Target-9802...
Gold Outlook: Gold continued this sideways movement from March-2017 within 1200$-1300$ range, Over all most of the moving averages and indicator are showing buy at this level but I preferred a Sell at this level 1290-1296 with stop-1302-1307 and Target-1270/1250/1220 and only a buy can be done when Gold does close above 1300 level on daily basis, Now a days...