#BPCL is looking great for the short to medium term bet. 1. Broker long term resistance range. 2. Hepty divedend of INR 58 around the corner. 3. Potential buyers are alread showing interest.
Long position in #TORNTPOWER can be taken around (480-490). The current market price is 488 with the suggested stop-loss is at 440 level on CLBS. 1. Upside breakout with good volume. 2. Long buildup via Option chain observed too. Expected targets are 522 and 556. All targets are likely to reach in 46 trading session
One my start accumulating #DIXON from CMP (3820) till 3300 for the long term.
1. It has reached the long-term support zone. 2. Poor acquisition deal canceled by board. One my accumulate #AUROPHARMA between 630 to 700 for the target of 788, 871, and 940.
#GOLD has found the support above the trendline. Now it's looking bullish and most likely to test ATH in near future
A long position in #LUPIN can be taken around 1080-1090 level with the stop-loss of 1033 on CLBS for the target of 1143, 1192, and more. All targets are likely to reach in 43 trading sessions.
Petronet LNG is facing strong resistance and rejected multiple times from multi-year strong resistance. Stock is likely to consolidate before making any significant move up-side. F&O data also suggest the same, as heavy call writing has taken place 260-280 levels for the 31 Dec Series.
#INFY is likely to consolidate as it reaches the top of the trend line. And we are taking the Credit Spread to benefits from the same. If it reports mediocre/bad results then, most likely we will end up good profit. #PairTrade 1. #Sell #INFY 29 OCT 2020 1050 CE - 38.50 2. #Buy #INFY 29 OCT 2020 1090 CE - 23.25
Dow Jones Industrial is most likely to recover 8-10% from the current level. I belive that it has formed short term low exactly bounced back from Fibonacci 0.618 retracement level. Also it has very strong support near 23.9K levels.
#BAJFINANCE is likely to remain range bound for OCT, 2020 Series. Hence we have planned to deploy Iron Condor to benefits from it.
We are planning to accumulate #TCNSBRANDS in S.I.P mode for long term (3+ years)
Short Position in #MARUTI can be taken around 7000 with SL of 7271 on CLBS for the target of 6400, 6100, and 5700.
Short position in #HINDUNILVR can be taken around 2210-2194 with a stop-loss of 2339 on CLBS for the target of 2050, 1985
A very good Long setup is building up in #KALPATPOWR with great R.R.R. One can take entry in the stock around 190-200 level with a stop-loss of 163 for the target of 267, 322 and 411. All target are likely to reach in 250 trading sessions.
Mahindra and Mahindra is a very good bet for the medium term. The stock has seen very good consolidation in the demand zone and likely to move upwards as we are slowly coming out of the lockdown in rural areas and other areas to follow.
#Reliance fall is likely to consolidate in the demand zone (FIBO 0.6128 - FIBO 0.786) and change its trend. #Positional/#Swing trader should keep #RELIANCE in radar for the long side. It is likely to give handsome return!!
NIFTY-50 is likely to correct a few more % from the current level before any clear uptrend move. As one can see from the chart that, NIFTY has taken support near (FIBO, 0.68) and bounced back on Monday(08/03/2020). Due to the globally week market over the Corona virus outbreak and the poor Economic condition of India is likely to take #NIFTY-50 near 10K in the...