TVSMOTOR is facing resistance at top and one can initiate short at or below 745 with SL at 758 for T1 - 739 T2 - 728 and T2 - 720.
Alternatively one can short 780 CE at 7.20 and 720 PE 7.25 together and hold till expiry.
More safer would be short 800 CE at 3 and 700 PE at 3 together and hold till expiry.
This stock is showing signs of reversal and is showing signs of breaking out.
Long at or above 300 with SL at 280 for T1 - 325 T2 - 350 T3 -375
1. Volume breakout
2. Candles breaking the cloud
3. Baseline Conversion line crossover
4. Green cloud formation
5. MACD buy signal
Only RSI is overbought which will give a slight pullback.
The stock is trying for a breakout and is testing the previous resistance.
But it is currently in overbought zone. So expecting a mild pull back to support around 880 levels.
It can be a good investment stock at that level to long
Banknifty is at support and has formed an inverted candle which is a bearish signal.
So trade with SL is necessary.
Long at or above 25200 with SL at 25050 for T1 - 25477 T2 - 25537 and T2 - 25607
or One can wait for entry at 25050 with Sl at 24904 for same targets.
Bank Nifty has become a wild beast off late and the news based up move and down move is not really healthy.
Earning has to match the investments. Bank nifty had a dream bull run with not much correction this year.
Looking at Monthly chart bank nifty is at critical point.
Going by the history whenever RSI was around 75 BN had a healthy correction to the tune of...
This stock is correcting after a good bull run.
Currently it is taking support.
For long entry at or above 607 with SL at 594 for T1 - 620 T2 - 633
If you are already long important levels to watch for is 607 and 594 on closing basis.
This stock is showing good volumes but facing resistance at top at 818.
It has formed an ascending triangle pattern and is at support.
One can long once it breaches 818 for long term.
Maintain SL and Trgt as per risk appetite