The stock was is in an uptrend, recently following a headwind moved down. The longer term uptrend is still intact. Showed a lot of strength today and entry was made. Immediate target 180 and stop at 164
Broke a resistance and moving up. Stop at 500 and targets 520, 530
After the recent news flow there was a sell off in this counter. However, that was a sector wise sell off. The open interest data suggest that majority in the market are positive on this counter and here is the snapshot - www.screencast.com Expecting the reversal to hold and go back to the previous highs. Immediate target 700 and stop at 600
Based on OI data, more are betting on the counter to go below 1200. However, there is build up happening and this counter is not selling off like its peers. Suspect we can see a move to the upside due to covering of shorts and a rally to the upside in another 2 months time. Here is OI snapshot - www.screencast.com Immediate target 1320 and stop at 1209
Karnataka Bank resumed uptrend in the last few days. Expecting price to break the recent highs of 130. Yesterday price moved above the faster moving average. Entry was made near the support from 5 min chart.
Strong rally to the upside can resume. Target 400 and stop at 372
MMFS was moving sideways for several weeks. Today gave a confirmation that price wants to be move higher. Stop is at 290 for targets 310 and 320.
Engineers India retraced and is beginning to go up. Target 169.5 and stop is at 150.
The stock is going through a headwind and expecting to retrace to 125. Keeping the stops close by at 141.5