Wockhardt CMP 722 On hourly charts the stock is giving a breakout.... - the stock has good support at 676 - 657 zone - upper side target at 780 + in short term Things look interesting on medium and longer term charts Medium term And on a longer term chart Interestingly the stock has respected levels of measured parallel channels... :-) Can be looked...
Aban Offshore: On 9th Oct 2017 Aban Offshore was recommended around 182 for target of 228 initially Today it made a high of 230. Target achieved. Aban Offshore delivers a 25% return in 1 month. Yippee... So What is this Make it large... Here We will be covering Stocks which give or will have the potential to give 20% + movement based on Technical...
Nifty Cmp 10451 Observations - 20 hr EMA is currently above 50 hr EMA - 50 hr EMA has acted as the make or break level for confirmation of trend continuation or trend reversal - Nifty is trading in blue channel since September 2017 & is currently at lower end of the channel - however what looks more important here is to see if or not there is a cross over...
Rcom CMP 16.2 The stock is in down trend trading below previous important low suggesting further weakness Trading plan One may consider selling RCOM November month Call option Lot size 14000 Strike Price 17.5 Price 1.05 Margin requirement approximately Rs 45000 per lot Profit potential till expiry Rs 14700 /- per lot Trading in Futures & Options...
Dr Reddy Cmp 2418.50 On a 15 min chart we observe The stock to be at important short term level Breakout above the blue line can take the stock higher towards 2520 levels again. Keep a close eye on the stock 2360 is the stop loss in current set up... _____________________________________________________________________________________ Selling should be...
Jet Airways CMP 522.5 The stock has reversed and taken off in style from important support levels with higher volumes The stock has gone above the red trend line giving signals of breaking out On dips the stock can be looked for buying opportunity as it has important support zone at 503- 480 levels A consistent close above 522 will increase its probability to...
Aban Offshore CMP 203 Last time when the stock was at 182.40 we suggested a short term breakout on the cards... If you have caught it early great because now looking at the bigger picture things are looking much brighter if it gives a weekly close above 200 levels.. It opens up the potential to move towards 268 / 330 / 400 odd levels in medium term...
SBI CMP 314.5 We cannot time the market but One of the benefits of having a positional view is when your time comes you will make the most of it.... On 25th Sept 2017 It was recommended to buy SBI between 244-256 for target of 278 and in best case scenario 305... Yes Its been exactly one month but the reward is sweet and there to be seen... From average buy...
IRB Infrastructure CMP 238 We have tracking this stock for a long time now since 19 June 2017 when the stock was at 228. We waited and waited patiently for entry opportunity and got one on July 3rd at low levels. Identifying important levels and then just acting on it when it comes makes the trade decision simple and more rewarding...!!! Now reaping the...
Justdial Closing Price 404.45 The stock has reversed from 200 day EMA The stock may fall up to 394 / 380 / 377 in short term Pattern gets invalidated if closing above 412 Take care & safe trading...!!!
SBI CMP 256 Observations - trading in ascending channel since Feb 2016 - currently at lower end of channel -trading below 50 day EMA - trading below 200 day EMA View going forward Scenario 1 - stock is at major trendline support & if the stock holds on to current level then - the stock may see a bounce towards either 50 day EMA currently around...
Nifty Cmp 10176 Observation - in the short term on a 15 min chart Nifty is in up trend channel - Nifty has channel support around 10135. For Long trade Target 10320 Stop loss below 10130 - Break below 10135 can take Nifty down towards 10030 - 9966 zone For Short trade Aggressive traders may look to sell at current levels with Stop loss at...
Infy Cmp 934 - Infosys record date for buying back shares has been set on 01 Nov 2017 - Buy back price Rs set at 1150 for each share - Total amount set aside by Infy for buyback Rs 13000 Crore - Amount set aside for retail category who are holding shares worth Rs 2 lakhs or less on record date - Rs 1950 Crore (15% of total amount) - As on March 31st 2017, as...
Hi All Wishing you all a very happy and safe Diwali One of my favorite in current market conditions is MGL as a Mahurat pick which we are holding since 1119 levels... However do note Markets are very richly valued so be cautious & consider buying on dips... As a mantra for Samvat 2074: Do not rush and do more research before you take any investment...
Cmp 872 The stock May fall to 842 / 828 levels Pattern gets invalidated above 890 Take care and safe trading...!!!s
Near resistance level... If it gets resisted then Nifty has a case of triple top formation... Take care & safe trading...
MGL Cmp 1124 The stock has given a breakout above 1119 The stock can head towards 1180 / 1220 levels in short term Take care & safe trading...!!!
Exide Industries Last closing price 208.45 Target 214 / 218 / 221 Stop loss below 205 Take care & safe trading...!!! Regards Indiamarketoutlook