M& M looking good as retracing from Monthly resistance, One can initiate short once the previous day low is broken at 490 with SL of 510 for target of 470-450
As shown in charts, nice pullback can be seen, tomorrow can short for intraday
Its comfortably taking support on Monthly Support zone, can go positional long as shown in charts, Target 2700
ACC looks good for Intraday Long if crosses previous day high i.e 1305 , target 1335
PVR has formed a weekly hammer 3rd week of May 2020 along with confirmation of previous red candle (second week of may) The current weekly candle is green which confirms and completes the pattern Once can go positional long on cross of 910 last weekly candle high with stoploss of 815 for a target of 1050 i.e Monthly Resistance
As clearly shown on charts, Mindtree is currently facing weekly timeframe resistance 1) Momentum loss clearly seen 2) RSI below 60 3) Double Top Formation 4) Negative Divergence seen on daily charts Confirmation of the pattern if 880 Broken, One can enter into positional long for a target of 730
As shown in charts 1) Currently trading Near Monthly Resistance 2) Inside Candle Formed 3) Negative Divergence Spotted If breaks 609, One can wait for target of 580 or more
On cross of 620 levels, as a very nice healthy pullback will be confirmed Monthly Resistance breakout will also be confirmed. One can easily go long for target of 690-700 without any hurdles
After Crossing below 430, Shooting Star candle stick pattern will be confirmed as stock is trading near monthly resistance
As shown in charts, Bajaj Finserv formed a weekly hammer pattern, confirmed with previous red candle. The pattern is confirmed as per 33% body formed and balance Wick. Now the best way to trade this opportunity is if the current week candle crosses 4440, which is the hammer candle high confirms the pattern Probable Target is 4740, i.e immediate resistance
Can short Sell on opening if below 890 for target of 805/804
Once can go long Setup is confirmed after last week candle high 900 is broken with stop loss of 855 for a target of 980
Expecting a breakout on upside from these levels
Stock should bounce from from 1570 levels and after crossing 1600 levels, one can go long for a good upmove
If 2000 Level breaks, it may give positive divergence failure, can give good risk reward ratio once confirmed at least 400-500 points Final Target if 2000 breaks 1600 levels are easily achievable
Go long for Breakout, one can wait for a pull back also on lower time frames
Go long for target of 1640
One can go long on trendline break