Since the past few sessions, Banking Stocks have been doing well, and recently CSB Bank confirmed a range breakout above Rs.220 mark. The stock managed to close above the 200 day moving average Buy - Rs.220 Target - Rs.290 Stop Loss - Rs.800
Yet Another Breaks out from Larsen and Turbo!! If the market moves higher L&T will gives you solid return in near future !!
It was false breakout given by the nifty. Pushed into the trendline again. One can definitely short the market by keeping a SL exactly at trend point. Prediction - Nifty can touch and hold 16650 and even more fall if nothing supports the market.
Dabur India Ltd., broken out on July 1st And It has turned into a buying on dip stock. Again this stock broken out today. If the market moves higher, surely this stock will give you 20-25% return
Is this a real Break Out ? Ans is No So can I short the market ? That's Not Advisable So what to do at this position ? Well ! There is 30% of chances for False Breakout. If NIFTY sustained above the trendline Tomarrow you can go Long and NIFTY is nearing it's ATH. Can expect minimum 5% from the NIFTY !!