Bank Nifty is not looking good for short at current levels. Seems market will consolidate near 47200-48000 before giving any clear direction. Keep on radar. For fresh short opportunities need to break and sustain below 47200.
Maruti Suzuki is not looking good for fresh buy at current levels. Stock is trading near resistance levels. Seems 12800-12900 is become supply zone for time being.
Bank Nifty is trading slight below from upward slopping parallel channel. On shorter time frame, RSI divergence can be seen. If market will respect the channel, can expect green candle tomorrow. Fresh shorts at current levels might be risky untill 47200 is protected. In case of gap down opening, can expect sharp bounce to retest lower range of channel. ICICI Bank...
Credo Brands is offering low risk set up on daily time frame. Stock is in downtrend since listing. Seems valuation are decent at present levels. Keep on radar.
Cochin minerals is consolidating nicely with good volumes. Keep on radar for breakout above 315. Can expect entering into new darvex box soon.
Prerna Infrabuild is consolidating with good volume accumulation. Can expect breakout soon. Significant difference can be seen in between bid and ask data. Keep on radar. Promoters are also buying continuously.
ADSL is forming double bottom pattern on hourly time frame. Keep on radar. Stock is consolidating in a range. Breaking out & sustaining above 145 can lead to fresh momentum.
Shish Industries is looking good on daily time frame. Stock is in uptrend since long. Keep on radar for closing above 164. Recently company has alloted shares on preferential issue basis.
Prerna Infrabuild, a microcap stock is looking decent at current levels. Promoters has increased shareholding from 52% to 66% in last four years and buying continuously. Stock has consolidating in a range and volume are indicating that good accumulation is going on. Keep on radar for any correction in this stock as buying opportunity. Despite having good...
Shish Industries Ltd is looking good on weekly time frame. Stock has given breakout recently and trading sustaining also. Volume from last 4-5 weeks are also looking very promising. Keep on radar. Any correction can be a buying opportunity till 140 is protected on weekly closing basis.
Cochin Minerals is consolidating since last 18 months. Stock is trading near all time high resistance zone. Seems good accumulation is going on.Keep on radar for breakout.
Mindteck Ltd is looking good on monthly time frame. Stock is entering into new darvas box. Keep on radar for closing above 333. Looking good for more upside as stock is breaking old supply zone with strong new buyers.
IT sector is looking in good momentum today. Large cap stock are doing well from IT sector. Can expect midcap/small cap IT stock also to join the momentum. ADSL is looking good on hourly time frame. Stock is attempting breakout. Keep on radar.
Nelcast Ltd is looking good on monthly time frame. Stock is attempting breakout of fallen trendline. April monthly candle is looking promising. Seems good accumulation has been done and can expect breakout soon. Keep on radar.
Arrow Greentech is looking good on monthly time frame. Stock is trading near all time high resistance zone. Keep on radar for breakout.
ADSL is looking good on weekly time frame. Stock is forming hammer candle near support levels. Keep on radar for closing.
TNPL is looking good on weekly time frame. Stock has formed double bottom and trading above breakout zone. Keep on radar for closing above 305.
Arrow Greentech is trading near breakout zone on monthly time frame. Stock is accumulating well in past months. Keep on radar for breakout. Can expect a good runup if breakout happen and sustain.