manavtechresearch

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SUMMARY:- *stock is trading in a weekly trading range *buy in the range of 660-650 *stop below 635 *target on the upside is huge starting from 730-770-800 *stock has been bashed after good results *time to accumulate axis bank jumbo trade in options AXIS BANK 720 JUNE CE BUY@21 STOP@13 TARGET@35-45-54 AXIS BANK SPOT TRADE...

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INDEX UPDATE NIFTY -like last weekly update had explained a break below 16820 will lead to 16400-16200 -today we are opening at the lower end of the range target we had from 17430-16820 -but most traders have not been able to capture the down move in market -last weekly candle on nifty is brutal -nifty will open in strong support zone of 16200-16150 -banknifty...

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SUMMARY:- *stock is sustaining in falling market *itc once closes above 266 will allow a move towards 273 *a close above 273 will open up 285-290 *small risk reward trade ITC MAY FUT BUY@260 STOP@255 TARGET@266-272-280 *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below

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INDEX UPDATE NIFTY -like explained last week 17430 and 16820 is our trading range -we may open at the lower end or even lower -dow/s&p/nasdaq all our are showing head and shoulders pattern on weekly chart -i had shared a monthly chart of dxy (dollar index) which is on the verge of giving double bottom break -us/10y are trading near 3% must not cross above...

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STOCK ON RADAY *ubl looking for a breakout *wait and watch

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SUMMARY:- -maruti is looking for a double bottom breakout -stock is performing in a falling market -wait for a close above 7950 today -if does then targets towards 8300-8400 open up in short-term

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SUMMARY: -range trade again from 504-520 -if range breaks on the upside it will open up for 540-550 -if range breaks on the downside will open up for 480-475 SBIN FUT BUY@505 STOP@499 TARGET@520

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SUMMARY:- *nifty has hit 50% retracement near 16850 *16850 has been crucial support zone for the market previously *17200 and 17000 put option had max writers and majority of them were retailers *with a panic low and yesterday inside bar break we can assume that 16850/17000 can act as crucial support *index may also break a bearish trendline visible on daily...

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SUMMARY* -stock has formed a bullish flag pattern *it is a continuation pattern *once breakout is achieved a huge target opens up for reliance *reliance can also happen to carry nifty *reliance and icici bank i believe will carry index 'keep a watch'

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SUMMARY* -Index has made a inverted head and shoulder pattern -expect short-covering above 37000 -upside minor resistance @37200-37400 -once 37400 is gone start of 38070 opens up -some banks showing relative strength in AXIS BANK/ICICI BANK AND SBIN BANK BANKNIFTY FUTURES TRADE CONDITIONAL BUY@37100(ABOVE 37080...

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buy@505-508 stop@499 target@520-522 *if breaks on the upside then extension to 540-550 *result can posh stock higher but till then range trade sbin

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SUMMARY:- *index is correcting after a huge rally *we have achieved 23.8% retracement *index has almost tested its 20-day average *buying the first re-test of its 20-dma *index pcr @0.80 oversold zone *index has entered its crucial demand-supply zone *if you watch closely 17550-17630 strong supply and resistance zone *safe traders can enter longs if market...

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SUMMARY:- *stock is breaking out of falling wedge pattern *also stock is on the verge of breaking its 200-ema *stock can see massive short-covering above 400 LICHSGFIN CASH BUY@391-393 STOP@383 TARGET@407-414-421 *if stock breaks back into pattern then pattern has failed *so risk reward ratio is good *week chart indicates big moves above 420 NOTE: *do not...

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SUMMARY:- *banknifty is test the crucial resistance of 36630-36650 *the line is marked with pink *multiple time it has acted as support and resistance *whenever breakout/breakdown has happened from this range we have seen big moves *expected move is of 1500/2000 points *this is my personal view *breakout on the cards expect short-covering *inverted head and...

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balrampur spot trade buy@493(above492.75 only) stop@483 target@503-508-513 *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below

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SUMMARY:- *expecting retest of $93 *pattern breakdown is visible in the charts *but prices as of now are news driven *further relaxation in war news or de-escalation news will bring price down further *USA diving into its strategic reserves will make sure prices cool down further *for the time being $100 mark is broken eventually expect levels of $83-$85

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SUMMARY:- *dlf has broken its bearish trendline *climbed above its supply zone of 356-362 *has sustained above it from morning *good short-covering is seen in call options *positional trade is good setup for now DLF FUT BUY@363 STOP@348 TARGET@378-385-393 *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check...

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SUMMARY:- *index has broken above its bearish trendline *last time it did that we saw 1000 point rally in index *we have re-entered the trading range of 16800-18350 *at the same time we have captured 200-dma *oil near 100 or almost below that *only thing is that it can find support near fibonacci levels *FOMC meet tomorrow night *market will go bullish into...