CUMMINS has been bullish since the past few months and seems to be on path to move past its all time high levels. The stock can be a good buy at current levels to ride the upmove with SL at 900-910 levels.
INDHOTEL is nearing its all time high level and there was considerable volume action combined with a 10%+ upwards movement in the stock price. The stock seems really bullish in the Monthly as well as weekly charts and can be a good momentum pick.
Crude Oil is trading in its resistance zone and could go further down because of the recent war developments between Russia & Ukraine. Fall in crude oil prices will lead to a fall in equity markets as well.
NSE:PGHH PGHH had given a weekly breakout with strong volume and stock has been making small red candles since then.Retesting candles are being formed with little volume.
Stock can go towards 15000+ in near term.
CDSL is in a bullish uptrend and has been falling since past 2 weeks. Stock is retesting on 9EMA levels and can also test 21EMA levels.
It has potential to reach ATH levels with SL of 475 WCB/21EMA NSE:CDSL WCB
S CHAND - STOCK FROM EDUCATION SECTOR.
S Chand recently changed its trend in weekly timeframe and has formed another Higher High. Stock has potential to move towards 170/190 levels.
Stock lacks quality fundamentals with negative ROCE/ROE and EPS. Risky stock so manage risk accordingly.
SL - 60 WCB OR 90 DCB
EIHOTEL HAD RECENTLY BROKEN OUT FROM A RECTANGLE PATTERN
IT WAS FOLLOWED BY A RETEST WITH DIMINSHED VOLUME
NOW PRICE HAS STARTED ITS UPMOVE . SCRIP PROVIDES GREAT RISK REWARD AND COULD BE A MULTIBAGGER TRADE
Apollo Tyres can be bought at CMP with stop loss of 105 or as per one's risk appetite.
Nearest resistances are around 133 and 142 levels so stock can face supply there and those are the price levels where we can book profits.
Also, tyre companies are in focus which can further lift up the trend of the stock.
INFOEDGE has given a breakout from the trendline, but higher prices were rejected and stock has now closed below the supply zone.
Stock has also been able to withstand the market crash and has shown good relative strength.
It is trading above all major EMAs. (20,50,100,200).
Since the trend is bullish,only long trades should be initiated in this...
UBL has given a breakout above its resistance with good volume. The stock looks bullish now for a movement towards 1080/1130.
RSI(14) > 60
PRICE > 50EMA
Keep SL as per your RR.
I will trail my SL after TGT1 hits.
NIFTY 50 respected both the levels as I had posted in my previous post. It ranged between 10040-10169./
Today the index opened with a significant gap up above 10100. It was however not able to hold those gains and end of day,it closed below 10100.
A close below 10000 and we could have seen a fall tomorrow. 10000 is a key psychological level and tomorrow it will...
GAIL has been showing good bullish momentum since past 3 weeks (Check weekly chart).
Price has now come near to resistance area, but there is a gap of 2-3 points which needs to be filled until a trade can be executed.
I only go long in stocks which are trading above their 50EMA and GAIL has recently crossed that level so the trend is in our favour.
The index has been on rise for the past few days and the bulls are charging with full force.
It has given a strong closing today near the much awaited 10,000 mark even with all the negative news hovering around us.
In the daily chart,there are gaps which have not yet been filled, and a possibility of movement towards 10100-10150 is possible once 10030/40 is...