SBI showing good breakout after consolidating in 400-435 range.
Above 441, will be very positive.
Compared to HDFC Bank, Kotak Bank and Axis Bank, it has shown very good strength. Only ICICI is holding up from private banks. SBI and ICICI would be leading the banking bucket.
There may be some volatility around results, so keep long term stop loss of 400
5400 Range has acted resistance twice in last 1 year. But now it is showing signs to break out of it and into uncharted territory.
Target can be anything from here 6000+, just need to keep trailing. Will keep on updating
Long Term Stop Loss : 5150
Short Term Stop Loss : 5300
MRF is showing strength. Downtrend has clearly reversed for it, daily RSI above 60.
Buy above 85500 with stop loss @ 82800.
Next resistance is at 90K levels.
It was in down trend for some time. 1100 was a very strong support zone and it took support around 1130 levels. On Friday, it closed above down trend line with higher volumes. Looks a good reversal play at 1165.
Target1 - 1215
Target 2 - 1280
Target 3 - 1370
Stoploss - 1100
Auto Sector has been in downtrend from its high of 11000, however it has taken some pause at resistance turned support levels around 9400. If Nifty Auto Index moves further up to 10,000 level, reversal in sector trend may be confirmed.
We see RSI bullish divergence on daily charts. Daily RSI is also above 50.
Go Long on Maruti Suzuki above 6950 as it breaks...
Short term trend line break out was given this week. Now testing all time high and tomorrow if it closes higher, we have weekly closing at all time high too.
The Chart shows near perfect Cup with Handle pattern and it is an excellent opportunity to enter in a long position.
Long Term Target within a year - 3000+
Long Term Stoploss - 1800
After making high of 890, it pulled back till 800 levels and now showing signs of further uptrend in short term. Yesterday's price action was really supportive.
Most Bullish Signals are aligning for Nifty. Stay long with SL below 14900.
If world markets don't show any negative deterioration, Indian market can surprise us on upside.
Recent Uptrend in Cadila has pushed it closer to testing it's ATH levels of 550 after a consolidation gap of almost 3.5 years. Coupled well with it's investments in fixed assets over these years, it is all set to ride the uncharted territory in 2021 and beyond. However, this stock moves like a tortoise, so one needs to be patient with it and keep a horizon of 2-3 years.
It's been a 5.5 years hangover for this stock since it went out partying last. Now the stage is all being set for next run, which would begin beyond 1100. I don't mind making happy hours entry to the bar at 1000 :)
