dev_trader

dev_trader Updated 

BIOCON shown strength on 09 Jan by surging 45 points. It broke the weekly channel top line. However, interestingly, rally halted exactly on previous weekly resistance @ 1020. It will be interesting to watch here. It would be sell candidate for me if any daily candle closes below 1000 with SL of 1025 for target of 950. Wait and watch time !

dev_trader Updated 

Its been observed that Lupin is showing channel resistance at 1510-1525. Looking at the trend, it a sell on @ 1500 (Little bounce back). This might go down. Reward: 50 Pts, Risk: 25 Pts TP - 1450 SL - 1525 (On closing basis).

dev_trader Updated 

Its been observed on daily chart that Colgate Palmolive is getting strong support at 880-885 levels. In recent past, it touched this area three times and bounce back. For coming days, this can be watch. Strategy: 1. Buy above 902 levels with SL of 880 for TP of 925. Risk Reward 1:1, OR 2. SELL Below 880 for 860 levels with SL of 900. *Charts are published...

dev_trader Updated 

Its been observed that TVSMOTOR is at very important level of 388-391. This is previous swing resistance as well as 61.8% retraced level. There is an opportunity to go long above 392 for target of 400. SL will be 382 on closing basis

dev_trader Updated 

Its been observed on daily chart that for Heromotoco, sellers are interested at 3100. We can expect some more downward direction. Sell can be initiated between 3085-3090 levels for Target of 3050 with SL of 3010 on closing basis.

dev_trader Updated 

Its been observed that UnionBank - Came inside the weekly channel (which intersect @ 130). This a probable case for going long. TP: 140 SL: 126 (On closing basis)

dev_trader Updated 

Its been observed that on daily basis, Tatamotors is showing good strength and trading upwards. This will be good to go up more. TP-530 SL-500

dev_trader Updated 

Its been observed on daily basis that Torrentpharma facing resistance 1370-1380 trend-line. This might further go down. Its a sell @ 1350-1355 levels with strict stop loss of 1375 on closing basis. TP - 1320 SL - 1375

dev_trader Updated 

Voltas is showing weakness. Sellers came in at 50% retrace levels of 345-350. It will act as strong resistance. It might further go down. Sell can be taken on small bounce between 340-342 levels. TP: 320 SL: 350

dev_trader Updated 

On Pitchfork BEL is showing resistance at median line. This might further go down to touch next support levels. Level to short - 1425 (On pull back) TP: 1375 SL: 1448

dev_trader Updated 

6 Jan 2017: Sellers are interested to sell this @ 460 level to make AXIS down one more time. It might go more down. One can initiate sell at 455-457 levels keeping tight SL of 465 TP: 420 SL: 465

dev_trader Updated 

INDIACEM - Break-out from month long consolidation - Higher level expected. Looking for next target of 130 and then 135. SL will be 115 on closing basis.

dev_trader Updated 

On daily chart its been observed that CEAT is making double bottom @ levels of 1100-1120. There is possibility it would bounce back and touch trendline @ 1230. Long can be initiated in range 1150-1175 TP: 1230 SL: 1110 on day closing basis. *Charts are shared for learning purpose*

dev_trader Updated 

On daily chart, there is a channel drawn. I am not sure if we can consider it as valid channel setup. Kindly pour in your comments. Trading strategy: 1. Buy above 1375 for Target 1 - 1400 and Target 2 - 1450. SL will be 1350 (On closing basis) 2. Sell below 1350 for Target 1 - 1300 with SL 1375 (On closing basis)

dev_trader Updated 

On daily chart its been observed that Ultratech Cement is trading at support level. Gap up open and closing on positive side on this level make it suitable for bounce back to higher levels. Lets see ! Target1 - 3300 Target2- 3350 SL-3080

dev_trader Updated 

Tata Steel is within weekly channel support. Can it be consider for a long trade keeping 380 as SL?

dev_trader Updated 

Looking at the charts its been observed that CEAT has given bearish channel breakout with good volume. Also 38.2% level on Fib looks like good support. Will this sustain and touch 1360, if not broke below 1200 on closing basis? We will see.