Buy ADFFOODS above 282 T1: 299 T2: 311 T3: 328 T4: 360 SL: 262
Short DJI at CMP (25756+) T1: 25510 T2: 25400 T3: 25280 SL: 25982
CESC day chart study - sell on rise stock
Buy XAUUSD between CMP (1230+) and 1229 T1: 1239 T2: 1243 T3: 1250 SL: 1219.50
Buy GODREJCP upon a close above 200 day SMA at 770.45 Targets open SL: 753 for hyper conservative traders and a close back below 200 day SMA for the rest.
CrudeOil has made a sharp fall and now we are seeing indications of consolidation and a possibility of a bounce can't be denied. Its safe to close all the short position at CMP (50+) Above 56 conservative traders can take long position for a target towards 63-66.30 zone Aggressive traders can take long position above 53.30
YESBANK weekly chart study - Broadening right angles triangle with sliding parallels.
NCC day chart study - 91-92 make or break zone
CEATLTD day chart study. Avoid going long immediately after the breakout. We will wait for a close above 200 day SMA (currently at 1400) before going long.
USDINR has broken the falling channel downwards to evolve into a broadening wedge. We see the wedge bottom and 200 day SMA confluence. RSI has moved into the oversold region. An ideal buying opportunity with low risk high reward would be when USDINR bounces at the 200 day SMA and wedge bottom along with RSI crossing above the oversold region.
EURUSD is currently at a very crucial stage. On 12 Nov 2018 it took support at the pitchfork bottom. Any move below 1.121 could take it towards 1.05
Buy ORIENTREF between 245-237 T1: 315 T2: 333 T3: 360 T4: 405 SL: 217
Buy JMFINANCIL between 85-82 T1: 91.50 T2: 100 T3: 105 SL: 78
BitCoin (BTCUSD) monthly chart analysis
ULTRACEMCO is now at an interesting phase. Currently week candle is below 200 Week SMA. We are seeing this after almost 9 years We need to see if ULTRACEMCO is going to bounce back above its 200 Wk SMA or fall towards 2450-1900 levels. ULTRACEMCO bulls might get some relief if it closes at least above 3430 (if not above 200 Wk SMA at 3560) by Friday market close.
NTPC is trading below 200 day SMA. Going by the symmetry of the price swings and time taken to complete each swing we can expect it to touch 145-147 zone by 8th Nov to 31 Dec.