The stock has good volume build up and has positive results. It can test its ATH again today. Go long as per chart with SL. Long above 1250 T1 1270 T2 1285 T3 1300 T4 1350.
The stock has formed a bullish harami pattern so possibility of trend reversal is there. The stock is also taking support at 50% level. Long as per the chart set up with SL Long entry above - 430 with SL at 423 for T1 437 T2 445 T3 454
Bharatfinance is still bullish and it has taken support at 926 and moved up. Expecting a short term rally in lieu of Q2 positive results on Monday. Short term long trade Entry - 975 SL - 954 T1 - 1000 T2 - 1020 T3 - 1040 Also one can short 1060 NOV CE at...
UPL is forming a channel with higher high and higher low. Expecting a reversal on hitting the upper channel. One can look for a short set up as per the chart after the Q2 results. There seems to be a pattern in Q2 results of UPL as this being a cyclical sector. Sep quarter sales followed by Jun quarter is always less. My assumption is people don't use company's...
The stock is retraced upto 78.6% and taking support at 61.8% level. Long above 400 SL 395 Target 412 The stock is consolidating in a range of 350 to 420 for 1 year. In long term crossing 420 will be big ultra move on the upside.
Escorts have formed a PRZ and one can short 760 CE or short November future with Strict SL as per the setup.
This stock has reversed the trend and taking support at 38.2% retracement level. 1. The stock is consolidating in this strong bull run indicating weakness in the stock. Also the selling volumes are high. 2. One can long at this level with strict SL to gain the Q2 results anticipation movement upto 260. 3. For long term short at 250 with SL at 260 for a target of...
Federal bank is coming out of long consolidation ans showing signs of bullishness. The stock has retraced up-to 38.2% and moved up. One can long at 116 level with SL at 112 for a target of 137 which is 23% extension of the current trend.
Airtel has broke multiyear support with a fundamental trigger of acquiring Tata teleservices. 450 is multiyear support and has been breached recently. Expecting a mild pullback to the support line. This is low risk high reward setup as SL is smaller than target. Short at 473 with strict SL at 480 for a target of 450. If the Q2 results are not good it can test...
The stock has formed a bearish bat in weekly chart. Also it has retraced to 23.5%. Also the fundamentals of the stock looks bearish. One can take the trade with own SL as per your risk appetite.
The stock has formed a down channel with lower high and lower bottom. 1. The stock has retraced to 50% fib level and came back to 23% fib level. The stock is currently in potential reversal zone as 4092 is long term support and the last candle was a doji indicating indecision. RSI and stochastic is confirming the downtrend. 2. One can short at...
Ultratech cement has formed a downtrend channel in daily chart. 1. The stock is in potential reversal zone and the doji indicates indecision and could reverse from here. 2. The stock has retraced to 50% level and extended back to 23% level. 3. RSI and Stochastic indicates bearishness for near term. 4. The stock is forming lower high and lower bottom again...
The stock is making lower highs and lower lows indicating a bearish trend. The stock has reached support point at 1280 and it has tried to retrace 23% but failed. In coming days if the stock doesnt hold 1280 on closing basis one can initiate a short position as per the trade set up. If it breaches 23% at 1320 one can long it for target of 1340 1470 1390.
The stock is facing resistance at 860 and support at 830. One can short 810 PE = 2.2 820 PE = 3.3 890 CE = 2.8 900 CE = 2.05 If you are aggressive add up 870 PE = 5.55 880 PE = 3.95
The stock is finding resistance at 420 ( look at the long wicks) and next support is placed at 390. Once can short 420 CE = 6.85 X 2000 = 13700 390 PE = 1.90 x 2000 = 3800
The stock has reversed trend and has become bullish. It has retraced to 23% and 38% confirming the strong bullish reversal trend. Huge volume is also confirming the same. One can expect a mild correction between 23% and 38%, giving an opportunity of channel trade here as 870 was a past support becoming a resistance line now. On breaking 870 on closing basis one...
Bullish bat formation is under progress. One can wait for the formation to complete and trade as per the set up
The stock has reversed trend and has been bullish over last week. In long term it is a definitely a buy. In short term it is approaching its resistance. Expecting a channel movement before moving up to 1100 levels.