Jetairways has formed a bearish ABCD with PRZ around 700 which is confirmed by long tail on Friday's candle. One can short at 684 with SL at 696.85 for T1 660 T2 640 T3 620 Please keep strict SL as bulls are with huge volume. Technically it is a short.
This stock has corrected good with Nifty and is reversing with green candle confirming the Bullish ABCD pattern. One can long above 1289 with SL at 1249 for T1 1313 T2 1333 T2 1353 Alternatively one can short 1260 PE at 12.3 and 1360 11.2 CE together for Nov Expiry.
TECHM is trading in a channel and is at critical junction. Betting on H1B visa news. One can short at 500 with SL at 516 for T1 - 480 T2 - 460 T3 - 445
Suzlon is at support and showing signs of reversal. As per charts.
NIFTY is at support and is looking still weak. One can Long above 10186 with SL at 10096 for T1 10248 T2 10305 T3 10370
Indian bank has given a good breakout with huge volumes. In hourly chart the stock is facing resistance at 412 Strict stop loss is advised as this is against the trend. Short at or below 405 with SL at 412 for T1 390 T2 380 and T3 365
This stock has formed a HNS pattern and is at support. One can go short if neck line is broken. But 485 is strong support after breakout from multiyear resistance at 450. So it might reverse from here with NIFTY at critical support. RSI and STOCH in lower TF indicates reversal. Long entry at or above 485 with SL at 480 for T1 490 T2 496. Short entry at or...
Petronet is consolidating in 23% zone for long time and has formed a double top. It has taken support at 23% and if breaks top it will give a good breakout. RSI and STOCH and volumes are giving buy signal. Long entry at or above 265 with SL at 257 for T1 - 270 T2 - 275 and T3 - 285 (only if 270 is broken on closing basis).
Escorts has taken support at 694. One can long at or above 695 with SL at 680 for T1 - 707 T2 - 719 T3 - 731 T4 - 740 Please Keep tight SL. Alternatively one can short 680 PE and 740 CE together. 680 PE at 14.5 740 CE at 10.8
The stock has retraced to 50% from its previous fall. It can retrace to 68.2% which is 190. But 187 is resistance. One can short between 186 to 184 for a target of 177 with SL at 187.
LUPIN is one of the fundamentally good pharma company who is facing sectoral downtrend. Pharma is facing issues due to pricing cap and changes in US medicare programmes. It is one of the pharma company which has huge revenue from US and any changes in US medical regulations will have huge impact. There is a big regulation change pending for president signature...
Reliance as corrected well giving good 70 points in our previous short set up. Now the stock is at 23% which is critical Fibonacci level. It is taking support at current level 880. If broken then next support will be at 38% and 50% on downside. This is betting against the trend so Strict SL is important. Long entry above 880 with SL at 860 for T1 890 T2 900...
IOC is at support and one can long at or above 395 with SL at 374 for T1 - 400 T2 - 408 T3 - 418
This stock is in downtrend and has taken support at 730. Since it is against trend strict SL is necessary. Long entry above 730 with SL at 700 for T1 745 T2 760 T2 790
Tatamotors looks like will test the support at 415. Wait for better price to long. Entry for long 415 - 420 with SL at 400 (most likely this will also be tested to fill the gap if price breaches 414) T1 - 430 T2 - 440 T3 - 460
The stock has formed ABCD and reversed as per PRZ. Today's doji is indecisive which is exactly at 23.6% fib retracement. Go long if the price breached the High of doji candle (above 1063) with SL at low of the candle (1050). Target 1 - 1084 Target 2 - 1102 SL - 1050 Entry - 1063 above.
This is just a discussion because of frequent gap up and gap down it is difficult to take sides on banknifty. But it is trading in good range which is good for swing traders and options traders. BN looks positive biased (Recent PSU volumes are indicating the same) will test again ATH during december.
The stock has reversed trend and has tested 23% and is now at 38%. It is giving good breakout with good volumes. Also it is at resistance 40 with cup formation. Breaking 40 will be a good upmove for this stock. One can wait for better entry below as handle is still under formation. Long entry 37 - 40 with Sl at 30 for T1 -46 T2 - 51 T3 - 60