Nifty CMP 10679.50 - Nifty has been trading in up trend channel - trend line resistance comes around 10730 levels - even in this channel, Nifty has formed a pattern and we have highlighted striking resemblance of trade pattern re-emerging - if history is to be repeated then there is a strong case of Nifty testing red support zone highlighted in coming...
TCS CMP 2762.5 Sell set up with a target of 2640 / 2560 Keep a Stop loss a tad above today's high 2805 (around 2820 level) Take care & safe trading...!!!
Jet Airways CMP 860 The stock is at resistance and can be looked for selling opportunity for targets of 848 / 828 Keep a stop a tad above today's high around 866-868 levels Take care & safe trading...!!!
Asian Paints CMP 1180 Last time the stock was at these levels we were able to capture a fall up to 1100 in 2 stance... And with Oil price on an rise again, it is a negative factor for Asian Paints On charts the stock is at crucial levels and below 1177-1168 zone could lead to further weakness for target of 1135 and further lower Take care & safe trading...!!!
IRB INFRA cmp 243.50 - the stock has recently tested and recovered from its 20 day EMA - support at 232-235 levels - Sustaining above 252 and the stock may be ready to speed away to 280-305 levels Plan your trade accordingly Take care & safe trading...!!!
CG Power CMP 96.35 Observations - since June 2013 the stock has given a higher bottom - higher top - the stock price is currently near minor resistance zone - good channel support comes around 82-86 levels coinciding well with 20 day and 50 day EMA... ______________________________________________________________________________ - any dips towards 86-84...
GVK Power CMP 21 - The stock is currently at 5 year resistance level - Sustaining above 21 opens up potential for a move towards 30-33 zone and 40 levels - RSI though suggests overbought conditions - so there is an alternative scenario where the stock may see some correction - and if in that correction the stock manages to hold 16 odd levels then there...
Adani Ports CMP 408 The stock can be looked at cmp and on dips towards 365 T1 440 T2 560 Stop loss if goes and sustains below 358 on a weekly closing basis Take care & safe trading...!!!
Oil India CMP 381.50 The view is mentioned in the chart...!!! Additional info Price to Earning Ratio: 11.2 Dividend yield: 3.73% Take care & safe trading...!!!
Coal India CMP 370.80 On charts we observe that level of 260 which acted as resistance for the stock back in July 2017 and in Sept 2017 has provided support in recent weeks... T1 288 T2 302 T3 316 Stop loss 259 Take care and safe trading...!!!
Rpower CMP 36.95 The stock is near its 2 year support or should I say near all time low levels... In the current set up - Momentum might come on sustaining above 38.5 - 40 levels - for target of 46 / 58 initially and above that it could scale up to 85 odd levels in the longer term - pattern gets invalidated if stock closes below 33 odd levels levels -...
Case in Point Adani Power After respecting the resistance zone, the stock has come back ferociously to break out and rise higher Rpower The stock made double bottom at long term support zone Take care & happy trading...!!!
Punj Lloyd CMP 24.80 On charts the stock reflects - good consolidation seen in last 1 1/2 years - break out will happen on sustaining above 28 - 28.50 levels - target of 36 / 42 levels Buying on dips or on breakout can be considered Take care & safe trading...!!!
Suzlon Energy CMP 14 At cmp and on dips the stock can be looked for accumulation. The stock is in the support zone of 13-14.2 Going and sustaining above orange trend line T1 15 ( Short term ) T2 19.2 ( Medium Term ) T3 28-33 ( Long term ) SL if it goes below green trend line currently around 13 Do review ur trading plan & plan ur trade...
ONGC CMP 188.95 The stock on sustaining above 190 can rise towards 220 - 228 zone Take care & safe trading...!!!
NIFTY CMP 10349 Poll results are showing positive results for BJP win Reaction we have got is a 100 point jump in Nifty So Howz it gonna be going forward... Let's look at the chart We observe that with today's jump Nifty is just above the trend line levels How ever since this is Rumour driven it is difficult to say whether it is a real break out... Buying...
Nifty CMP 10298 Last time we exited from our Short position in Nifty at 10072 sensing a bounce back. We expected the bounce to get halted in the 10200-10240 zone however there were no signals of initiating a short position... In the current set up at cmp & on any rise if gets rejected around 10340-10360 may be a good shorting opportunity for initial target of...
JP Associates CMP 17.60 Holding 16.40 levels the stock will confirm a higher top higher bottom formation At cmp & / or on dips towards 17.20 - 16.80 the stock can be looked for T1 18.60 ( Short term ) T2 21.80 ( Medium term ) SL if closes below 16.30 Review ur trading plan & plan ur trade accordingly Take care & safe trading...!!!