BankNifty under perform Nifty in daily 240 min charts showing a rising wedge which is most cases breakdown but now market is trending up ward use the rally if banknifty break the 22400 level and close on 60 min or 240 min candle we should go for long on Bank nifty with TP-22950 ST-22195
NSE:BPCL BPCL a triangle can be seen so watch Eagle eye on BPCL
on 4hour chart its look like a inverted head and shoulder pattern possible tp-26200 zone Stop-25570
NSE:NIFTY Two type of resistance can be seen a Fibonacci 61% and Elliot 5 weave Now a possible for nifty to test the 10000-9970 level from current level possible resistance will be 10540 Trade : Sell Nifty at CMP-10250-320 Zone with Target-10000 Stop -10540 Comments: late publishing now the trade will be almost 1:1
Heavy demand zone on hourly and also daily chart a long position can be taken above 346.50 level with target 351 and stop just below 345.50 level. but opening does matter tomorrow "if it open above previous close than go for this trade either not"
Neckline broken at start of the week but if weekly close below the necklines short can be taken or a advance short positions can be taken below neckline all the time .But when ever it close above the neckline short positions need to close because of on daily chart a 200 EMA comes on 11130-150 area so a possible demand can be rise on the neckline area.
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.
A inverted head and shoulders pattern can be seen on SAIL on daily and weekly basis with positive breakout on 56-58 level and chart look very strong on monthly and weekly also. and next possible resistance on 70-72 level, Stop area should be 55-56 level.
This stock look very good for short term and long term investment, its look very positive in monthly weekly and daily also it also break fibo 23% resistance level with volume and most supporting indicator like MFI-MACD-RSI all are supported in that case, So a good entry can be done on the current level 265-275 or above 280 zone and hold and possible stop will be...
buy and hold for few month new high can be achieved, trend is intact on the upside
stock looking strong on monthly chart and also weekly chart investment duration up to next quarterly result session
NSE:BAJAJELEC Buy -above 522 level target -531/545 Stop-502
Prestige Estate Outlook: A Long term resistance break and close above at that level 285 as per current chart it can go up to 320 level with possible stop-280 level .
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 .
Godrej Industries Outlook: Buy at 600-603.50 level with Target-620, Stop-595-94 level. and beyond reached 620 level and close at that area you can little expect to 640
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....