Amara Raja Batteries Last closing Price 690.55 Observations - In downtrend since May 2017 - RSI in Oversold region - Channel support around 674 - Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes ____________________________________________ Risk to reward ratio looks good to go long with Target...
Dolphin offshore Cmp 94.50 On dips towards 88 and even at current levels he stock looks good on chart. Momentum might come in on sustaining above 100 odd levels The stock has the potential to head towards 128/ 140 levels Take care & safe trading...!!!
Aban Offshore Cmp 182.40 The stock is near support levels 178-185 range looks good to buy Momentum might be seen on sustaining above 186.50 Target - 210 / 228 initially Take care & safe trading....!!!
CMP 273.80 The stock has an important support around 268 Momentum might be seen on sustaining above 276. The stock can be looked for target of 282 / 286 on the long side Take care & safe trading...!!!
Nifty CMP 9902 Observations - While falling from all time highs, we observe Nifty had taken a pause at 9872 levels for 2 days - After flirting with 9860-9880 zone in the last 2 trading sessions, now Nifty is back above that level The continuation of this rally on the upside in Nifty will depend on its ability to hold & defend the said zone. For any...
Bank Nifty CMP 24135 Observations - Trading in consolidation channel - Trading above 20 min and 50 min EMA Breakout above consolidation channel will lead Bank Nifty towards 24400 Buying may be considered in 24140-24080 zone Stop loss at 24000 on closing basis Take care & safe trading...!!!
Ashok Leyland CMP 112.20 Levels are mentioned in the chart In case it is not readable on chart.... 108-113 - Accumulation zone Target 128 /133 in 2-3 months In the current set up, momentum might be seen on sustaining above 114.5 On the lower side the stock also has very strong support at 97 odd levels Overall stock looks good on chart. Take care &...
ONGC CMP 172.80 We have been tracking ONGC for long time now.... Do lok at our previous post on ONGC It finally looks like the stock seems to have made a bottom around 158 levels and is likely to move up now... In the current setup if 168 levels is not broken then we can initially look for targets of 180 / 192 levels.... Hope it helps... Take care & safe trading...!!!
DR reddy Cmp 2343 The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days. Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support Target 2450...
Nifty Cmp 9805 Buying May be considered for Nifty target of 9965-10030 in early October month with a stop loss below 9760 on closing basis This is more of a swing trade potential we are looking at... Take care & safe trading....!!!
DLF On 4th Sept DLF charts were suggesting of history being repeated and that we might see lower levels of 173 / 166 Well it has done exactly that.... - we saw the stock bouncing back to 76.4% retracement like on previous occassion... - getting rejected at those levels... - and falling back like nine pins... Target of 166 has been achieved. Hope you...
DLF CMP 184.40 The stock is retracing after testing its 76.4% levels at 194 odd levels Last time too the stock reversed exactly from 76.4% retracement levels.... Will history repeat itself...??? Based on observations the stock is likely to continue its down movement Target 173 / 166 TC & safe trading...!!!
On 5th Sept we discussed 2 possible scenarios for Tata Motors that we are looking at... 1st was Tata Motors holding 374 on the downside and jumping towards 405-416 levels The stock made a low of 374.05 precisely and has managed to crawl back above 405 levels... Now if we see Tata Motors share price getting rejected here... then we are starring at the...
Tata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively...
CMP 2198 Dr Reddys lab has given a nice breakout and the stock can be heading higher over medium term Buying on dips can be considered Targets 2320 / 2403 / 2520 / 2600 Immediate support around 2160 Stop below 2100 Do review your trading plan and plan your trade accordingly Take care & safe trading...!!!
Tata Steel CMP 649.8 On hourly charts we observe a neat channel trade Currently Channel Support comes around 642 Target comes around 672-674 There is also 20 min EMA support at 646 Ideally the stock should hold channel support, however, in case we see break of channel below 642 then stock can fall up to 618 / 600 levels Plan your trade...
Icici Bank Cmp 295.5 Since May the stock is hovering around the upper end of the trendline. There is no clarity emerging as to what the stock wants to do go up or down. So we wait for the stock to come near 280 and give signs of holding that level or go above 312 for any buy signal confirmation. Below 280 the stock May get in to weaker zone. Till then it's a...
Idea CMP 86.35 The stock will get in to weaker zone below 85.8 Target 80.50 in short term Stop above 89 Tc & safe trading