libinbond

libinbond Updated 

All Auto stocks completed a decent pullback from highs and have been consolidating. Gives us a good opportunity to get in when the Risk/Reward is great. SL is quite tight since the stock is already around a support level and breaking lower levels would mean the upmove will not work. Medium term Long call with levels given on chart, SL at close below 770 on a daily...

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TATAMOTORS having spent the last 3 months of market bullishness in consolidation (along with other Auto stocks) looks to be setting up for an uptrend in the coming weeks. Can go long positionally for Targets of 335/340 and 360. Stop Loss would be a closing below 310 on a daily basis. Disclaimer - I have a position open on TATAMOTORS. ** Important Note - This...

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Ripple (XRPUSDT) setting up for upmove - LONG for medium term. Levels mentioned on the chart are on DAILY closing basis. Could see the Target levels in the coming months if markets stay bullish and there are no adverse regulatory actions against them by countries. Make sure to balance out your risks while trading crypto and do not use leverage as far as...

libinbond Updated 

AXISBANK has been staying above 800 for the last couple of days closings. The strength in BankNifty also suggests that banks may have a quick burst upwards. The risk reward supports a Long entry for the short term around 805. Targets would be 840, 860 and 900. Stop Loss would be any closing below 785 on daily basis. Disclaimer - I have a position open on...

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CANBK seems to be forming a nice pattern which encourages chances to catch a good breakout with very little SL. Can go Long in the Stock for the medium term, with a SL below 150 on closing daily basis. ** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI...

libinbond Updated 

Nifty has run up fast and furious. Time to be slightly cautious. Not yet positionally short, but definitely reduce long exposure and look for small correction or consolidation.

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I tried multiple times to catch a breakout on ITC and it has had it's ups and downs. 1st position I built was on 1st June. I tried to be a little greedy with the possibility of a reward, chose Options. Bought 220 CE and ITC being ITC promptly retraced back below resistance, and pretty much wiped out the money in the position. The 2nd time I tried a month...

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EOS has been consolidating since the crypto crash a couple of days back. Slowly looks to be building up for a medium term move back up to old levels, and maybe even higher from there. Like the fact that it moves pretty calmly and is not too volatile. Good moves will usually pay off. Make sure to balance out your risks while trading crypto. ** Important Note -...

libinbond Updated 

Nice opportunity for short term on COSMOS (ATOM) - Long Can see divergence on volume flow and price, and can give a quick upmove.

libinbond Updated 

Nifty touched an All time high of 16700 and started to retrace. There is a good chance of pull back down to 16280/16140 levels for consolidation, and world markets seem to be in favour of such a consolidation at this time, before further highs are attempted. Can use any Gap down opportunity to wait for a pull back to higher level and rejection to confirm the...

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BATAINDAI seems to be sustaining above 1700, after trying to break the resistance multiple times. Good upside can be expected to be seen once the movement sustains. Stock looks good for a LONG position, with a short term Target of 1755 and a Stop Loss on Closing below 1682.5 on a daily basis. ** Important Note - This post is my own study of the mentioned scrip...

libinbond Updated 

Nifty has broken out above 16000. Good volumes and price action with the move and moved above 16100 without any signs of weakness. Expect market to touch 16500 very quickly in the short term. First target will be 16250. Positionally longs can have a SL on close below 15970.

libinbond Updated 

Bharti Airtel is near 600 and is getting ready to break out of a range after multiple years of consolidation. Airtel looks good to keep adding customers from VI and BSNL which are on the decline, and are in a position to maintain their financial viability. Stock looks good to move to 700 region if it holds above 600. SL can be kept at 560 on a daily closing basis...

libinbond Updated 

BankNifty has also broken out of a long term range above 36000. Sustaining above this will open up levels of 36450, 37000 and 37650 on the upside, which can get covered quite fast. Since Nifty has already scaled new Lifetime highs, BankNifty can follow suit in coming weeks if bullishness continues. For now we can take positional long for the short term, with a...

libinbond Updated 

LT broke out of longer term resistances, tested 1580-1600 and is trading above 1600 now. Looks all set to move to 1700 levels. Long position can be looked at with SL of 1580, Risk/Reward 2.5