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minchu Updated 

Astramicrowave is forming ascending triangle pattern. Any breakout above the horizontal trend line on closing basis may take the stock close to 140. Buy above 110 SL - 98 T1- 127 T2 - 142

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NTPC has bounced from 61.8% retracement level. It can be bought now with a target of 175 and stop-loss of 155.

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ONGC has bounced from strong support zone around 175. The money flow index indicates some bullishness in the stock. We can expect it to move towards 200 in short term. Any close below 172 might take it next support zone around 156. One can buy now with a strict stoploss of 172 with T1- 194, T2-210.

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Sintex has moved upwards from its strong support zone around 17.5. There is also a bullish divergence with respect to money flow index. In terms of valuation it has one of the lowest PE ratios among the peers at 8.45. It can be bought now with T1-23,T2-28 and stop loss of close below 16.

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Karnataka Bank is near the trendline which is a valid support since Feb 2016. It can be bought now with a target of 175 with a stop loss of 134.

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Tata Coffee has broke out from symmetrical triangle on Friday. It can be bought now with a stop loss of 150 and target of 176. This trade is slightly riskier as the highs of 2013 around 165 might act as resistance.

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Mirza international is into footwear business and their flagship brand is redtape which is quite popular in e-commerce websites. They are posting good results consistently and also have reduced their debt. Most of the peers like Bata India are trading it higher valuations and hence this stock has potential to go up further. Stock can be bought now with a target...

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Ajanta Pharma has bounced from its support zone and can move upto next resistance zone around 1380. Even bullish divergence can be seen with respect to money flow index. It can be bought now with a stop loss of 1100. Targets can be higher if upcoming results are positive.

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Triveni Engineering has formed bullish flag pattern and might go up in coming days. It can be bought now with a target of 108 and stop loss of 89. To reduce the risk one can wait for a bounce from 92.

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VRL Logistics has broken down from symmetrical triangle in daily chart. The stock may correct upto 330 levels.

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Glenmark is taking support near historical resistance zone around 600. The stock also shown bullish divergence with respect to money flow index. The stock can move upto another resistance zone around 720 or further towards 820. A close below 560 will indicate continuation of bearish trend and hence can be taken as stop loss.

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Tata Steel is in a upward channel since May 2017. It is a good opportunity to buy it with a stoploss of a close outside the channel or 640. Target can be above 700.

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Sell HPCL after a close below 430 with a target of 380 or lower. Stop loss can be 455.

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Bearish divergence is seen in Hindustan Zinc with respect to money flow index. This is an indication of impending correction to 290 or below.

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We can observe a divergence between price and RSI. SAIL may fall till 200 ema of 58.5 or further till 55.5.

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ONGC has formed bearish divergence with respect to money flow index. Also price is close to minor resistance. It has failed to close above 200 EMA. These factors contribute to the negative bias. If the stock closes above 200 ema and minor resistance line it might show further upmove in coming days.

minchu Updated 

The price has made higher high and MFI has made lower high in the same time period. So, the stock might correct upto significant support of 1115.

minchu Updated 

IDFC is on verge of a minor breakout from a double bottom formation. It can be bought now with a target above 67 (50% of W shape height) with a stop loss of 60 (below 0.618 fibonacci).