GODREJCP weekly chart analysis - Break or bounce
Buy USOIL at CMP (73.70+) T1: 76.85 T2: 78.35 T3: 79.10 SL: 72
AVANTI looks highly overstretched. Buying at this levels not recommended. A close below 340 on weekly charts can trigger a fall which can be very string and fast. Wait for 180-220 levels and after that lets take a decision wether to buy or avoid.
EXIDEIND monthly chart analysis. Buy after a monthly candle closes above the trendline with stop loss below 240
CNXPHARMA monthly chart Fibonacci extension study
FRETAIL day chart study - Range breakdown -Bulls' time to exit
Buy ASHOKLEY between 109-91 (expecting to remain in this until Jan 2019 end) T1: 160 T2: 193 (expected by mid May) SL: 72
DISHTV after breaking the major trendline has been moving sideways since mid 2017 1) A close below 66 on weekly chart coul open up a big downside 2) A close above 77 could open up a big upside (with the upsloping major trendline acting as resistance) Do consider these factors before taking any position in DishTV
Short PNB below 64 T1: 62 T2: 60.75 T3: 59.50 SL: 65.5
NIFTY monthly chart analysis -Game of trendlines PS: Sorry for the cluttered chart :D
Buy LOVABLE after a close above 102 on weekly chart T1: 145 T2: 156 T3: 172 T4: 185 SL: 88
Buy Nifty between 10500-10510 T1: 10585 T2: 10670 T3: 10740 SL: 10450
Buy XCUUSD above 2.820 T1: 2.840 T2: 2.857 T2: 2.917 SL: 2.781
Short BankNifty at CMP (25360+) T1: 25155 T2: 25060 T3: 24965 SL: 25522
Avoid taking long position though at support as its trading below 200 day SMA.
We can expect a bounce at the support. Lets wait for JUBLFOOD to test support and we will buy after a bounce. Keep watching this space for more updates.
WFC could fall towards $47-$43.50 levels if weekly candle closes below $52