manavtechresearch

manavtechresearch

-Expect positive breakout in ashok leyland due to position momentum -one can enter above previous day high -stop placed below rising 20-ema -short term traders can exit at 137-140 -positional traders can hold for 143-147-150 ASHOK MAR FUTURES TRADE BUY@134 STOP@127.5 TARGET-1@137-143(SHORT-TERM) TARGET-2@147(POSITIONAL) TARGET-3@150(POSITIONAL)

manavtechresearch

-as we expected banknifty did give a good fight in the morning on the upside -our resistance level of 36215 remained failed to be broken -though banknifty index out-perform the nifty index -we can see similar action in both the index moving forward -i expect banknifty to show relative strength as compared to nifty -those the fall shall remain slow but immient...

manavtechresearch

-nifty index has broken major support levels in short-term time frame -for the immediate future market turns to sell on rally -major support tunrs into major resistances -on the downside i expect market to test 14500-14410-14250 -any profit booking towards levels of 14765-14830 should be used to short -crucial resistance is placed@14875 -crucial support is...

manavtechresearch

-nifty index in futures bounced 130 points from its firs-retest of its 20-ema after 14-days -expect index to bounce-back from here -nifty index on friday tested its 200-ema on 30-mins chart and boucned back from those levels -same action took place in banknifty -remember market sentiment is dampening on daily basis and index is absorbing the sentiment -fii...

manavtechresearch

-banknifty index bounced back 350 points once it re-tested its 200-ema on hourly chart -right now as you see it entered its trading range of 35550-36540 -expect selling pressure again near the levels of 36215-36540 -bullish view is intact minor correction was needed -first the index must breakout of the trading range to start fresh leg of the rally -if index...

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STOCK BROKES ITS WEEKLY TRENDLINE NEAR 197-198 PREMIUM CLIENTS WERE LONG FROM 197 AND ARE CARRYING POSITIONAL LONGS IN M&M FIN YET WE ARE TO RECEIVE WEEKLY CONFIMRATION ONCE CONFIRMED INITIAL STOP WILL BE RAISE TO 190 TARGETS WILL NOT BE REVISED IT WILL REMAIN SAME SHORT-COVERING ADVANTAGE IF IT CLOSES ABOVE 200 OPEN TRADE IN GIVEN IN M&M FIN FEB FUT...

manavtechresearch

AXIS BANK POSITIONAL TRADE AXIS BANK FEB FUT BUY@705-707 STOP@684 TARGET-1@740 TARGET-2@755 TARGET-3@770 QTY=1200 RISK AVERGE CAN BUY 720 CALL OPTION BUY@25-27 STOP@9 TARGET@40-45 QTY=1200

manavtechresearch

-after a good bashing on the downside the stock is taking support on its 200-ema -potential long side is open in indusind bank -buy in the zone of 840-850 -stop is deep placed near 780 -initial short-term target is 880-905 -positional trade on indusind bank is 920-940-960 -the trade as depp stop and the target can be revised on the upside -one can buy...

manavtechresearch

-results are out for reliance -need to see how the market reacts -like discussed before we had executed reliance longs after a close above 2020 -we exited again near 2120 -we have re-entered longs again near 2050 -if market sustains above 2050 and sustains above that we are seeing retest of its inital high of 2120 -enter a long near 2060-2065 -enter a stop...

manavtechresearch

-i went against the trend on friday and added axis bank longs near 648-643 -wanted to buy the re-test of breakout zone -good swing trade possible in axis bank -enter axis bank longs near 645-652 -enter a stop below 633 -initial target on the upside is placed near 670 -swing trade target on the upside is placed near 685-693 -note onces axis bank closes above...

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-on hourly chart the stock re-tested its 200-ema -we have already enter into the stock on the re-test of trendline near 2355 -consolidated around that area -broke the its bearish trendline and re-tested the breakout zone -started rising again -one can enter long near 2400-2410 -its an example ofa perfect breakout pattern -initial short-term target on hul is...

manavtechresearch

-stock yesterday bounced from its 20-ema on daily chart -we are seeing a inside bar pattern on daily chart -by the setup seen on the daily chart stock can see some bullish momentum -one can go long near 663-666 -one can enter a stop below previous day low of 658 -short-term target can be near 675-678 -swing target is near 688-690

manavtechresearch

-stock created a consolidation base near its 200-ema -after consolidating for months the stock has managed to break above 2020 after a long-time -i am using yesterdays low as a stop for shor-term trade and 20-ema as for a positional trade -note that if stock closes above 2050 on daily chart then the stock opens up for a rally towards 2150-2175 -one can neter...

manavtechresearch

-stock recently broke out from its symmetrical triangle pattern -it gave a bullish breakout -what we are seeing now is a double bottom breakout possible -the stock usually sees a double range as target if breakout possible -base low is near 203 -base high is near 219 -double range target is 16*2=32 points -one can enter long near 215-218 -stop below...

manavtechresearch

-stock is aour hot pick to track -stock is looking to break above its bearish trendline on weekly chart -close above 198 will give us confirmation -but a weekly close above 200 will give us an additional confirmation -its trading around its 200-ema on weekly chart -can enter into multi-week bull run -if condition fills in then buy around 200-203 -enter a...

manavtechresearch

-stock did manage to close above 800 since dec 2018 -we saw a burst after it crosses 800 towards resistance of 845 -wait for a correction -any dip towards 805-808 should be used to buy into the dip -enter a stop below 790 -initial short-term target should be around 822-828 -swing trade target should be @840-853-865 -wait for the dip donot rush in...

manavtechresearch

-after the stock broke out of a symmetrical pattern on weekly chart -we saw a pullback and retest of the breakout level -this confirmns the pattern -after retest the stock did manage to consolidate and go sideways -last week stock finally decide to absorb the bad news and move forward -we can see good potential upside -buy above 215-218 -enter a stop below...

manavtechresearch

-stock has just started to gain movement -a close above 978 on dialy chart simply opens a target towards 1045-1135 -have a look on daily chart/weekly chart given below -we are now trading above the 38.2% retracement on weekly chart -50% retracement is the next logcial target but look at the chart closely -rectangle formation which lasted for 1 year on weekly...