The stock is facing resistance at 4600 level after a breakout at 4500 level. One can go short at or below 4540 with SL at 4600 for T1 - 4500 T2- 4450 alternatively one can go short on 4600CE at 62 and 4400 PE at 30 for 18400 in 8 days. Keep strict stop loss for the following reasons. 1. Cement stocks are surging with some expectations from budget 2. It is...
CAPF is at support and is looking good for short term investment for 5% appreciation at 780 levels. There is a gap at 720 levels so conservative traders can look for entry at that level.... This is only for equity investment not for futures players as the stock is on Ban..... Please keep the position sizing as per your appetite....
Raymond has formed a bearish Butterfly pattern in hourly chart. Entry at or below 1004 with SL at 1027 for T1 - 989 T2 - 977 and T3 - 966
Nifty is facing resistance at top. And whenever Nifty had gapped up, it fills it up. So there are three gaps which most likely will be filled before resuming the uptrend. Go short below 10730 with SL at 10800 for T1 - 10692 T2 - 10600 T3 - 10566 T4 - 10514 Keep strict stop loss.
Ceat is heading for a consolidation with a perfect symmetrical triangle. Currently the support is at 1950 and resistance is at 2019. One can go short at or below 1970 with SL at 1993 for T 1950. Alternatively one can short 2100 CE at 13.5 and 1900 PE at 15.5 together for 10150 INR in 15 days. Keep strict SL.
Reliance is facing a strong resistance with a triple top at 960 levels and today's doji is confirming the same. But it is fundamentally good stock with strong support at 920. There is a short trade at 950 with SL at 960 for T - 940. This has R:R 1:1. Alternatively one can go short on 1000 CE at 7.5 and 900 PE at 4.5 together for 12000 INR in 15 days. Keep...
Bajajfinsv is at support Go long at or above 5112 with SL at 5000 for T1 - 5191 T2- 5304 T3 - 5412. Please maintain strict SL as it is against trend.
Reliance is at support. One can go long at or above 913 with SL at 896 for T1 - 921 T2 - 930 T3 - 940.
Wockpharma is at support. one can go long at or above 904 with SL at 880 for T1 - 916 T2 - 925 T3 - 940. Alternatively one can go short on 880PE at 30 and 940CE at 30 together till expiry with SL as per risk appetite. This will be risky if Q3 results are nearby so trade cautiously. Maintain strict SL to protect capital.
This is long term investment idea. The stock has formed a bullish Gartley in Monthly chart. Wait for a green candle confirmation with close above 615 with SL at 560 for T1 - 709 T2 - 814 T3-919
Tataglobal is facing resistance at top. One can wait for shorting opportunity at lower price. Go short at or below 270 with SL at 280 for T1 - 260 T2 - 255 T3 - 243
Grasim has retraced to 78.6% level and stocks usually reverse from here. Use strict SL as it is against trend. Go long at or above 1150 with SL at 1104 for T1 - 1177 T2 - 1200 and T3 - 1223
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 has formed a bullish Gartley and Bullish harami candle on Daily chart. Go long at or above 791 with SL at 780 for T1 - 804 T2 - 808 - T3 - 821
This stock has retraced to 78.6% and is showing sings of reversal with dojis. Go short at or below 3530 with SL at 3606 for T - 3450
This stock has formed a bearish Harmonic pattern. Yesterdays wild move has already achieved all the targets. We are looking for a re-entry here. Go short at or below 1875 with SL at 1900 for T1 - 1860 T2- 1849 and T3 - 1837 Alternatively go short on 1940CE at 10 and 1840PE at 10 together for 10000INR in 10 days.
CEAT is showing short term bullishness One can go long at or above 1753 with SL at 1700 for T1 - 1772 T2 - 1805 - T3 - 1820 - T4 -1845
UPL is in downtrend and is taking support at 680. Keep strict SL as it is against trend. Go long above 719 with SL at 700 for T1 - 730 T2 - 740 T3 - 745 This requires trade management if it goes south with nifty. Alternatively one can go short on 680 PE at 5.5 and 760 CE at 7 together for 15000 INR in 13 days.