9920- 9940 levels have been the recent support zone in Nifty in the hourly chart where the prices have bounced in the last few days. Nifty is a good buy at CMP of 9946 with a stop loss of 9910 for a target of 10080.
The stock had formed a good bearish candle on Thursday and then it opened gap up and maintained the strong momentum with great volume the entire day on Friday also breaking a short term downward sloping trendline indicating a strong upmove in the days to come. It is good buy at cmp with a target of 1685 and a stop loss of 1496.
Century Ply has broken a 8 months long upward sloping trendline yesterday and has continued the downward momentum today forming a big red candle with volume. The stock is a good short at 259 with a target of 240 with a stop loss of 270.
The stock is taking support at 5.5 month trendline and has also bounced from a previous resistance zone with nice volumes. It is good buy above 71200 with a stop loss of 69000 and a target of 73800, 75600
After an uptrend the price was contracting in a narrow range forming lower highs and higher lows called the symmetrical triangle. It has given a breakout yesterday with decent volumes. It is buy with CMP 557 with a stop loss of 530 for a target of 610.
The stock gave a breakout a few days back with good volumes. Presently it is retesting the breakout levels. It is good buy above yesterday's high around 106 with a stop loss of 100 and a target of 125 - 130.
The major trend of the stock has been uptrend but lately it was contracting in a narrow range forming lower highs and higher lows called the symmetrical triangle. Today it has given a breakout with volumes. Enter if the breakout sustains by end of the day with 464 as stop loss for a target of 525-535.
The stock after moving in an uptrend went into a narrow range forming equal highs and higher lows which is the Ascending Triangle pattern. 2 days back it gave a breakout with volumes and now it is retesting the breakout levels. It is good buy at CMP at 406.5 with a stop loss of 390 and a target of 445.
Coal India after moving in a downtrend made a double bottom formation. It has also broken out of a 5 month long trend line with volumes. Now, it is retesting the breakout levels/ neckline. It is good buy at CMP 258.25 with a Stop Loss of 252 for a target of 272.
After a good retracement it has formed a big green candle with good volumes wherein it opened gap up and continued the momentum to close near its high indicating strength of the bulls again. Its a good buy above the high of today at 1122 with a stop loss of 1080 for a target of 1290.
The stock is an uptrend and now it has taken support at previous resistance zone and also at 38.2 Fibonacci Levels of the previous swing. It is a good buy at CMP of 2622 with Stop loss of 2580 and a target of 2780.
The stock has been in a strong uptrend followed by a time correction. It gave a breakout a few days back in the daily chart and also has retested the breakout levels. Its a good buy at CMP with a stop loss of 557 and a target of 600.
The stock has been moving in an uptrend and has now taken support at a 6 months long trend line and a previous resistance zone which is now acting as support. It is good buy above friday's high and 1630 as Stop Loss for a target of 1740 , 1800
Grasim has taken support at a 6 months long trend line and also at an important support levels. The dotted trendline may act as resistance but in my opinion its not much of a hurdle. It is a good buy at CMP with a Stop Loss of 1079 for a target of 1150, 1200