Reliance has rallied for good and people are betting on for a target of 1000. Technically Reliance has formed ABCD pattern and will retrace 23.6% before a further upside movement. One can short at current level as red candle has formed. Also RSI and Stoch are in overbought region. Entry 930 SL 957 T1 920 T2 900 T3 882 For safe traders you can short NOV 1000 CE...
Maruti is fundamentally good company which had a good bull run from Nov 2016. The stock is respecting the bullish trendline and recently has formed double top indicating a minor correction is coming. Historically for last two years the stock has corrected after Oct-Nov before starting the bull run. The stock has formed a doji after its Q2 results testing its...
Auropharma has retraced to 78% and has formed an ascending triangle. 78% is critical level as stocks usually reverse from here. But this trade is based on current trend and it has formed a bullish pin bar. Enter only above 810 with SL at 875 for T1 838 T2 860 T3 885.
The stock is in downtrend and at support. So trade as per levels in chart with strict SL
Canara bank has shot up due to news and is at support 403. So entry only below 394 and SL should be as per SL at 403 for T1 378 T2 343 T3 300 If you are already long keep SL at 394
The stock has rallied good after a strong results. It is forming a bullish flag. So we are going against the trend expecting a correction. Strict STOPLOSS is required for this setup. Go short below 3100 with SL at 3140 for T1 3026 T2 2941 T3 2723
IRB has some fundamental news of Government implementing BHARATMALA program which might trigger a breakout for longterm. For short term the stock is showing resistance and will retrace a bit. Trade as per the chart set up with SL For Long Entry above 243 SL 234 Target - 250 260 270 For short Entry below 234 SL 243 Target 225 212
The stock has formed a bearish ABCD and also at resistance. RSI and Stoch are in overbought region so potential reversal zone. One can short as per the chart. Short entry below 1270 with SL 1360 T1 1200 T2 1140 T3 1063
BOSCH has retraced to 61.8% and came back to 50% and 38%. Now the stock is testing 50% level forming higher high and higher low. RSI and STOCH indicates bullishness from oversold region. Trade as per the set up in chart with SL. Long Entry - 21400 SL 23900 T1 - 21600 T2 - 21900 T3 - 22270
All airline stocks have good volume for past 10 days and testing resistance. Today INDIGO had pretty good results but didnt go that high indicating something is stopping these stocks despite good volume. Technically Jetairways is at resistance one can go short with strict SL because breaching SL will be upside price action to ATH. Short at or below 590 with SL...
CONCOR is forming a Ascending triangle and channel. In long term it is sell in monthly chart as per my previous post. It is indecisive and making doji after doji with long wicks on donwside indicating signs of bullishness. For now betting on a breakout with strict stoploss. Long entry above 1404 SL 1380 T1 1450
Yesbank has corrected recently and trend reversal is possible. Historically the stock has always been above 200 Day moving average but in recent correction it went below and today the stock moved above 200 DMA confirming along with RSI and STOCH possible uptrend. Since it is at critical level strict SL is advised because breaking that will be down side price...
The stock has formed a symmetrical triangle pattern with support line exactly at middle. There is a decreasing trend in the volume. Considering the recent rally it has corrected to 23% level. Breakout is possible from here. Short below 485 with SL at 300 for target of 470, 465, 453.
The stock is at long term resistance at 293 and has formed a channel with bearish trend with support at 280. Trade as per the chart with SL. Short at or below 280 with SL at 285 for T1 275 T2 270 T3 268. Also one can short NOV 305 CE at 7.9
Jain irrigation is showing signs of revival for long term. But still not best among its peers in terms of profit margin. Technically Cup and handle is found. The stock has retraced 23% and one can long at this level with SL at 92 for target of 180. This will be a patience trade and only for investments.
The previous trade setup after Q2 results was a good short and it has fallen a good 80 points. Not it is forming a channel in 15m 1H and D chart with support at 777. Since the stock is in downtrend strict SL is advised for this trade. Go long above 780 with SL at 777 for target of 790, 800. Please maintain strict SL.
Banknifty has formed a triple top pattern in Daily chart and showing signs of correction given the recent huge gap up, expecting it to fill the gap till 24350. RSI is still bullish and STOCH is in overbought region. Trade as per the set up with SL. Short Entry - 25000 SL 25150 T1 - 24800 T2 - 24500 T3 - 24350