- The stock is near the lower end of the channel - 50 day EMA is around 382 - 200 day EMA around 366 Target for the current set up Short term target 382 Medium term target 418 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational...
TCS The stock looks likely to be range bound Broader range 3400-4000 Plan your trade accordingly...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the...
IOC Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132 The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term Above 142,...
ONGC - This is a follow up on ONGC (idea posted on 30 Dec 2021) - the stock has seen momentum once we saw breakout from the down trend channel around 148 - despite the broader market volatility and weakness, ONGC has been one of the strong candidates who has stood tall - it is now positioned at another important level... near the top made in Oct 2021 -...
Nifty Nifty is trading below 20 day EMA. Nifty is near 2 important levels i.e 38.3% retracement level & 50 day EMA around 17609-17623 odd levels Plan your trade accordingly Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational...
Nifty Before the result calendar starts Nifty has had a one way rally and is now trading near 76.4% retracement levels of the entire fall from 18604 odd levels to 16410 levels. Given the set up, one may consider selling 18300 Call Option in the range of 130-166 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view -...
RBL - the stock took support at 155 last time in Aug 2021 from where the stock went up - on 27 Dec 2021 the stock broke that level decisively with a big gap down and negative closing thereafter - going forward the stock may find it difficult to go past beyond 155-160 odd levels - on the downside the stock may come down to 112 levels and may even go sub 100...
Vedanta - The stock has fallen from trendline resistance level - the stock has come below 20 day and 50 day EMA the stock may drop towards 316 / sub 300 odd levels Take care & safe trading...!!!
- The chart period is from Mar 23, 2020 till current date - if we analyze the performance since the announcement of Lockdown, our markets have performed far better than our Asian counterpart. - the difference is even more if we compare from the peak of 2008 highs. I remember back in 2005-2008 I use to compare Sensex and Hangseng movement ( Sensex peak in 2008 ...
Tata Power - The stock is at crucial trendline resistance - 216 is an important support level which if broken would lead to further fall On the upside 230-236 odd levels has the potential to act as resistance Given the set up, one may consider a Bear Call spread strategy. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal...
Indian Oil The stock is near important support level Target 126 / 132 Take care & safe trading Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it...
Nifty 61.8% Fibo retracement at 17767 and 76.4% Fibo retracement at 18091 Take care & safe trading...!!!
Observations - the stock has given a breakout in the short term on December 8, 2021 - the stock has given a breakout in the medium term on December 22, 2021 - 20 day EMA cross over above 50 day EMA on Dec 29, 2021 Is Aurobindo finally recovering from the illness (that took it down from 1063 odd levels to 620 odd levels) and roaring to get back??? A final push...
Nifty Given the set up Nifty could be moving towards testing 50 day EMA & further towards 17460 odd levels 17155 / 17070 are important support levels Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take,...
ONGC Observations - stock is currently in short term downtrend - stock trading below it's 20 day and 50 day EMA currently around 141 and 144 respectively - 200 day EMA currently around 129 128 acted as resistance previously and could possibly act as Support now - Blue Trendline support also comes around 130 odd levels - So we see multiple support levels...
Nifty Important levels on the down side: 16840 / 16812 / 16768 Important levels on the upside 17055 / 17140 / 17330 16985-16880 could be consolidation level for Nifty Till the time Nifty is above 16840 I might be inclined towards buying the Dips Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is...
- Bank Nifty is trading near lower end of the blue up trend channel - Weekly closing for tomorrow could give some insight - Important levels on the lower side: 35133 / 34920 / 34769 / 34575 - Important levels on the upside: 35615 / 36020 / 36224 / 36800 are important levels for Bank Nifty going forward Take care & safe trading...!!! Disclaimer - The...
Reliance Industries On 25 Nov, this is the chart that was envisioned... The stock movement has so far been on expected lines and now we see Reliance around 2280 odd levels today... 2260-2280 acted as Resistance in June 2021. Would previous Resistance of June 2021 now act as Support...? 200 day EMA at 2277 coinciding with important Support levels Given the...