ms555

HDFCBANK is showing a negative divergence at RSI & ELLIOT. RSI is at highly overbought zone . Trend Reversal Candle stick pattern has formed in INTRADAY CHARTS in almost all TF. One can short at Cmp of1680 TGT- 1620&1590 SL- 1702 Risk Reward 1:3 So its worth taking!

Tata Motors One can get long at current levels of 452 after gapup move up with HUGE VOLUMES but a fall to fill a gap is With low volumes, So price action Suggesting it will move up from here. TGT- 465/472. SL- 447 RR is completely in favors of Bull. But keep in mind this is very volatile Stock so trade cautiously with low risk as RR is high so with low risk ...

PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign. SO THINK BEFORE ENTERING IT NOW.

Buy @cmp 68.6 SL 66.8 tgt 72/75/80.

TECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120. FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits ...

Hindalco is in verge of breakout in 1-3 weaks time as it generally consolidate in a range for 10-12 weaks to start a fresh upmove. Here it has already spent 10 weaks in 198-182 range. But this time fundamentals are quite lackluster for metals thats why it will be a risky trade. BUT ITS WORTH TAKING Target -230,240,250 Sl- 174(weakly closing basis)

Tyre Sector has been in focus from past 2 days due to falling Crude & Rubber prices & with 9000 broken in upside the laggards will start to catchup. Now, it shall further move up from here with support of the channel. Target: 136(Very Short term) Stoploss: 122 (Closing Basis) RR: 1:1.3 Target: 149 (Short term) Stoploss : 117 RR: 1:2