balaji_damo

balaji_damo Updated 

Nifty is at support but wait for a green candle and enter. One can enter at or above 10089 with SL at 9996 for T1 - 10204 Please keep Strict SL given the market conditions.

balaji_damo Updated 

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.

balaji_damo Updated 

Amararaja has given a good bull run after a continuous down fall. Given the rise is too sharp there will be a retracement. One can go short below 780 with for T1 - 768 T2 - 748 T3 - 729. SL at 797 or 807 (based on risk appetite) as 807 is resistance. For this expiry one can go short on 820 CE at 4 and 740 PE at 1.8. If you are aggressive you can short 800 CE...

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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.

balaji_damo Updated 

The stock has formed AB=CD pattern and is at PRZ. It has tried to breakout from resistance and has reversed from PRZ. If tomorrows opening is less than previous candle it can correct upto 181.

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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

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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...

balaji_damo Updated 

This idea is only valid for Nov series. SUNTV has retraced to 78.6% and is at PRZ with two red candles indicating resistance. But it has formed a bullish flag. So expecting a minor pull back to support at 860 before further up move. Go short at or below 872 with strict SL at 883 for T1 of 860. Alternatively one can go Short on 920 CE along with 840 PE. For...

balaji_damo Updated 

Concor has corrected and moving sideways forming a symmetrical triangle and Flag pattern. It is facing resistance at 1355 with support at 1320. Go long above 1355 with Sl at 1320 for T1 - 1377 and T2 - 1400. This stock has tested 1400 twice and testing for the third time will take it above 1450.

balaji_damo Updated 

This stock has corrected and consolidated for long. Now showing signs of breakout. 453 is ideal entry as per setup. We are late to the party and it is at support. Entry at or above 475 with SL at 453 for T1 - 494 T2 - 510. If this stock completes a U formation in long run at 100% level it will reach 800 as there is a big flag as chart published by Sagar.

balaji_damo Updated 

The stock has given a breakout but facing resistance at top. It should retrace to 720 this expiry. Please use strict SL and trade as per the setup.

balaji_damo Updated 

BN has formed a bearish butterfly pattern in D chart. This has already reached T1 as per the set up. It has also formed a bullish flag breaking that will take BN to 26500. So maintain strict SL Go short at or below 25730 with SL at 25925 for T1 - 25617 T2 - 25522 T3-25427

balaji_damo Updated 

NIFTY has retraced to 78.6% from previous low and is at critical point. It might reverse from here. But it has formed a bullish flag with RSI and Stoch indicating bullishness. Since it is against trend Strict SL is needed. One can go short at or below 10386 with SL at 10405 for T1 - 10338 T2 - 10292

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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

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This stock has formed a bullish butterfly pattern. one can wait for another green candle confirmation and enter. Long entry at or above 387 with SL at 374 for T1 - 400 and T2 - 407

balaji_damo Updated 

The stock has formed a channel and still showing signs of uptrend with critical support at 81.5 and 80.5. In hourly chart it is still a buy above 82 with SL at 80 for trg of 86. This has less But the volumes are in decreasing trend and also it is retracing back to 23% with continuous red candle. RSI STOCH showing downtrend. If 80.5 is broken one can short at...

balaji_damo Updated 

Hindpetro is taking sypport at 50% and it can test 73% again. Pin bar, volume RSI and STOCH indicating the same. One can long at 425 with SL at 409 for T1 - 433, T2 - 443 T3 -453

balaji_damo Updated 

The stock has been trading in a channel for last few months and showing signs of breakout with volume. RSI and STOCH indicates the same. It is at resistance which is placed at 1850. One can go long above 1850 with SL at 1820 for T1 - 1870 T2 - 1897. Alternatively one can short - 1800 PE at 22.9 and 1900 CE at 22 for NOV series.