Short Crude below 62.85 T1: 62.25 T2: 61.75 SL: 63.55
Nifty Pharma index (CNXPHARMA) channel study
TORNTPHARM could touch 1550/1675 in the coming weeks as long as it trades above 1360
1) BEL has been trading within a channel since late 2014 2) Current week candle has broken the channel median line and trading below 26 week simple moving average 3) Could test the channel bottom.135-140 zone could be important support. Looking forward to buying after bounce at channel bottom
ASHOK LEYLAND ascending triangle study. Currently its finding support at 100-50 daily SMA Buy ASHOKLEY above 133 T1: 150 T2: 165 SL: 122
L&T Finance Holdings weekly chart study.
Based on Bollinger bands strategy we can go short at CMP (627) T1: 613 T2: 600 T3: 590 SL: 638
Nifty IT index (CNXIT) channel study on weekly chart Nifty IT index is currently finding resistance at the channel median line. Once broken it could move towards the channel top.
Presented by John Bollinger at the Online Traders Summit on 1/27/18. www.youtube.com Bollinger Bands are so popular worldwide because they tell traders whether prices are high or low on a relative basis; vital information for profitable investing. During his session, the creator of Bollinger Bands will introduce important Bollinger Band indicators and review...
Buy SWANENERGY above 215 T1: 260 T2: 315 SL: 175
Accumulate Concor at CMP (1420+) and on dips upto 1225 as we can expect it to move towards 2500/ 2800/ 3000 in coming months as long as the channel bottom support remains intact. Plan your trade. Trade your plan
TVS motor has been trading within a channel for over a year. In the days to come, 695-685 is going to be a crucial support zone.
ANDHRABANK channel (study purpose only)
CANARA BANK study 200 Day SMA support + Channel Bottom support 330-350 zone is going to be a crucial support
Short BATAINDIA below 702 T1: 680 T2: 660 SL: 730
Buy TATASTEEL at CMP (688+) SL: 674 T1: 740