Tata Motors have successfully broke the trendline and retested it. Now its heading towards it 1st target of 335 levels. Its better to book profits at target 1 itself as Auto industries are facing Semi conductor shortage. It can bring the stock price down in upcoming days.
We can execute Long as it shows Bullish momentum regardless of the Inventory of Semi...
Now the Nifty Index is in consolidation mode after a strong bull run. Lucky for Option sellers indeed. ( Monthly Contracts)
1) We can execute Short Straddle near the All time High resistance or near to the immediate support at 17100 to 17000 (as per OI). Risky traders can go for Positional option buying (considering theta decay).
2)As its moving in a short range...
Balmer & Lawrie is in critical trendline support region. It can move upto 160 in upcoming weeks.
Its good for Short term Investment or positional traders. Additionally, the Corporate has announced Rs 6 per share dividend can lift the stock price till the Ex dividend date (17 Sep). Its good to hold the stock until it breaks the Trendline on downside.
Hindalco formed the Flag - pole pattern after a good bullish breakout.
Once the price closes above the flag channel and a successful retest, we can expect a strong rally till 530.
So wait for the breakout or hold on your long positions with a fixed stoploss, Big move is on the way
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Disclaimer: Kindly do your own analysis or...
SBIN brilliantly formed a Cup and handle pattern in Daily time frame. Now it is in the Handle phase, we need to wait for the breakout at 445 and a successful retest to avoid false signals.
Target can be upto 115 points. Its better to take positions in cash market, FNO traders need to take a far month contract as this will take maximum 6 month period to...
Maruti is ready to go upside as Auto sector started to show some improvements.
Anyway we have to wait till the proper breakout and a retest at 7290 levels. So wait till the immediate resistance to get broken and enjoy the ride.
Disclaimer: Kindly do your own analysis before taking any trade. This view is for educational purposes only.
Reliance Industries have formed the Descending triangle pattern.
As the market is showing bearish sentiment, below 2060, we can expect a quick fall till the 2000 levels and may take a small "U" turn.
If the stock miraculously managed to break 2120 levels after a retest in the break out level, it can go upto 2250 levels.
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Nifty wonderfully tested All time high twice at 15900 and formed a Double Top pattern. We can expect NIfty to touch 15500 in Early July expiries.
Hold your short positions until it breaks the Resistance zone at 15800 levels or execute fresh short near 15780 levels.
We need to stay caution as overall Market sentiment is bullish. We are trying to capture a small...
After many successful All time High's breakout, Nifty is heading towards a small correction.
Execute short below 15600 for 250 Points target in a positional trade. After that the Rally on upside will continue as our overall market sentiment is Bullish.
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Disclaimer: Kindly do your own analysis before taking any trade. This view...
TATACOMM successfully broken the Triangle pattern and heading towards its targets as mentioned in the chart.
Its better to enter after the retracement happen in the current uptrend for a profitable entry. Please make sure that RSI should be above the trendline for double confirmation at the time of entry.
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Titan is testing its All time high for another time at 1610 levels.
If it manages to break the resistance, Execute long after the retracement happen near the Resistance level as mentioned in the chart for a minimum target of 50 points.
If it fails to break and started to fall, execute Short at 1580 levels after the retracement (for confirmation) for a target of...
Escorts broke the Triangle and stuck in a small range of 100 points.
Short terms traders and scalpers can use this small range as support and resistance levels with strict SL.
Positional players can buy near the strong support zone and wait for the Range breakout above 1120. Or enter above 1120 for 60 points minimum target.
As Indian market is bullish, its better...
Right now, Nifty is continuously breaking its all time high's. But its in the edge of rising edge pattern.
The Rising wedge will most likely to push the market downward for some correction. Also the RSI is in overbought levels. Correction can start to happen anytime. Wait for the RSI breakdown for short for a target of 15200 & 15000. 15000 will act as a Strong...
Bajaj Finance is near to its All time high .
Traders can take short position once the Triangle pattern got broken for Targets of minimum 400 points.
We can execute Long if the price manages to close above the All time hig h in 2 hrs candle.
Use RSI trendline breakout for double confirmation of your trend.
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After a long rally, the Index is near to the strong Resistance Zone at 34850-34950 levels. It will retest there and come back to its support at 34500 as the RSI is in Over Bought level. We can execute Fresh Long positions near the support levels as the Market is in Bullish mode. Some minor corrections may happen to complete the Elliot wave pattern as mentioned in...
Patel Integrated Logistics is near its multi year Resistance to the break the triangle pattern.
Execute Long above 38 for a long term target of 80 & above. Keep the Stoploss at 20.
The company have started performing better and the incoming volume started to spike up.
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Disclaimer: This view is for educational purposes only....
Nifty Breaks the Strong Resistance at 15000 by a huge gap up. But it faces the trendline resistance at 15150 levels.
Execute Long once it breaks and manages to stay above 15150 for 2 hrs. It can go up to 15350 & 15500 levels.
Execute short at 14940 if the price breaks the strong support for a target of 14700 levels. Use RSI as a double confirmation, once it...