CESC CMP 1046 The stock will see demerger of shares and will be divided into 4 verticals in October viz:- - power genreation - power distribution - retail - others Now coming back to charts On weekly charts the stock has given a nice breakout and the stock may be heading towards 1160-1200 zone Immediate Support at 1023-1030 Stronger support at 996-1003...
Sun Pharma CMP 482 The stock is trading right in the middle of a down trend channel since 2015 and the channel is roughly 300 points. From medium to long term perspective based on charts, the best buy can be considered if the stock is available around 360-380 zone which is still 100 points away from current levels. For short term traders For short side...
Infy CMP 899.50 In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone. Despite Infy offering Share buyback at 1150... despite Infy seeing the return of respected Nandan Nilekani on the board... we have seen price rejection in Infy stock price right in the zone (of 930-960) that...
Nifty CMP 9872 Observations - initial down trend from 10137 to 9685 levels - Nifty has gone in to consolidation there after Nifty has to break 9800 decisively to give confirmation of continuation of down trend Target for the pattern 9380-9360 zone Stop can be placed at 9930 Risk::Reward ratio is 1::8 This is a positional view and not a day trade...
Nifty CMP 9793 Is the market readying itself to test 200 day EMA
Reliance CMP 1572 The stock is near 2008 highs. It is an important level and is likely to get some respect. Expect some resistance around 1620-1650 zone. In the longer run, any dips towards 1360-1280 will provide good entry opportunity in the stock from long term accumulation perspective... For the current set up, One may consider the Strategy to Sell : -...
Nifty Futures CMP 9920 For the current set up Target 9800 Stop loss 9940 Risk reward ratio 20:120 i.e 1::6 Take care & safe trading...!!!
Going by the Fibonacci theme we observed in Nifty we see that 243455-24350 is important level to watch out for... Also trend line resistance comes around 24380... Buy above 24380 for target of 24500 / 24650 SL 24320 However If we see Price getting rejected in the zone of 24340-24380 then sell for target of 24251 / 24120 SL 24400 Zone of 24340-24380 is make or...
Since the rise from 9455 to 10137 levels Fibonacci levels have played a vital role is identifying key support & resistance levels... Levels------------------------------------ Fib retracement-------------------------- Fib Level - closing low at 9710----------------- 61.8% of 9448-10137 -----------------------9711 - high of 9947...
Were you able to capture the down fall....??? If you have seen any of my previous post on Infy one can understand that I have been big time bearish on the stock... Nothing personal though but was just listening to levels on the charts... And it has worked to perfection.... All the levels that the chart indicated was respected by the stock.... - Minor support at...
Rcom CMP 24.65 The stock is at 50 day EMA One may consider selling RCom July contract Option Type: Call Option Lot size: 14000 Strike Price: 25 Price: 1 Margin requirement Rs 80000/- approximately Max profit potential of Rs 14000/- per lot or max 17.5% yield potential on margin requirement In built loss protection for rise in stock up to 26 level...
JP Associates CMP 22.10 Prima facie looks like has completed it's Impulse 5 Wave Can come down to 18.50 levels in this corrective phase... Pattern gets invalidated above 23.50 Take care & safe trading...!!!
IDEA CMP 89.40 The stock is trading near important 38.2% Fib retracement The stock may come down to 85.60 / 84 levels Pattern gets invalidated if it moves above 90.40 Take care & safe trading...!!!
Nifty CMP 9913 Chart is pretty simple... Nifty has been trading in the up trend channel since March 2017 Currently it is at the upper end of the channel... Rest explained in the chart... Plan your trade accordingly...!!! Take care & safe trading...!!!
IOC CMP 374 On 29 June 2017, when stock was at trading at 389, the importance of 397-405 was highlighted. On any rise rejection in the said zone will increase the probability of further downside movement towards 368-363 zone... Well it made a high of 398.6 taking resistance right in the zone and also at top of falling channel and thereafter it...
Nifty conquered previous top of 9119 in March 2017 and thereafter has taken 4 months to move 700 points - an average of 175 points a month or a tad lower than avg 2% a month.... Reminds me of story of race between tortoise & rabbit we all might have heard in our childhood... Rest the chart says it all... Plan your trade accordingly... Take care & safe trading...
Aptech CMP 214.50 Observations The stock has had a fantastic ride in the last 1 year moving from 56 odd levels to 250 228-240 zone is looking likely to act as potentially strong resistance zone going forward Expecting the stock to consolidate in the range of 228 to 192 with possibility of some downward bias breaking on the down side testing 166-160 levels...
Waterbase ltd CMP 112 Observations from chart... - Volumes are higher when going up & - lower when stock is coming down or in consolidation phase - the stock has given a triangle breakout _____________________________________________________________________________________ - long term target as per pattern set up comes around 212-220 zone - 128 / 160...