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...
Possible trade strategies are explained on chart
Larsen & Toubro Outlook: Possible double top formation can be seen in the near term on LT where 1st phase or 1st top already completed now all could do assumed that possible next top formation going to be happened with in month. We can see that TOP-1 having a heavy selling pressure on 1200 level which is the previous top High and demand continued on 1100 level...
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...
DishTv Outlook: DishTv can brought only if 1 hour price close above 74 level with Target-75/76/77, Stop-73.30 or break out candle low.
DIJ Outlook: Dow Jones 30 can sell at this level with a 1 hour confirmations at below 21840 with Target-11690-700 level and stop-11888 level
S&P500 Outlook: Sell below 2435 level with Target-2405-8 area, and stop 2445 level
ZEEL Outlook: Buy Zeel now @522.15 level with TG-524/527 Stop-520.10
every thing mention on chart
Tata motors ltd can buy at this level @379-382 With target-391 Stop-374.50
Amara Raja Batteries Ltd Outlook: Buy around 807.50-813.50, Target- 821/830, Stop-800-802.50, This long on the basis of some buying supportive candles and volume indicator shown price support for very short term uptrend. opening does matter for this kind of trade.
JUBLFOOD Outlook: Buy can be done above 1365 level with long term target 1550 level with stop 1325 level, Wait for bull flag break out on upside with volume.
On weekly chart Airtel look positive on my view and short of double bottom can be seen on chart which also have a good break out clearly, I think target area around 460-465 with stop 362-365 and good entry position approx 395-406 area. I will hold this positions for 1-2 months.
A Doji formation can be seen on HDIL daily chart and stock is currently trading at more than 2 year low a possible reversal can be happens so a risky buy can be done for short term above 62 level with Target- 68/74 with stop 56-58 area. Its risky because its not a clear hammer formations neither volume support at this level. wait for close above 62 than go for long.
TataMotors Ltd. Outlook: A clear sell signal after long period symmetrical triangle breakout around 427 level initial target around 380 level and stop 433 level.
IOC Outlook: IOC trading on very crucial support area 360-364 also taking support of 200D EMA, Currently stock trending on downward for last two months so now stock trend on a decision either it will continued towards downward or reverse back from 360 support area. So now two trading strategies can be applied as per support and resistance methodology : One if it...