neelesh_gupta94

neelesh_gupta94

Ascending triangle is being observed in Ceat Ltd Buy above 1285 Target: 1450/1560 SL: 1250 The pattern will be negated if it falls below 1250

neelesh_gupta94

Buy Maruti above 7420 T1 : 7600 T2: 7930 SL: 7200

neelesh_gupta94 Updated 

NSE:KANSAINER T1: 424 T2 : 431 SL : 395

neelesh_gupta94

Probable Channel Breakout in L&T A Move above 1390 will further confirm the breakout.

neelesh_gupta94 Updated 

PFC has broken out of a stiff resistance of 90-91. There are about 4 Swing Highs around the same level in the past 6-7 months. BUY PFC around 91-92.5 T1 : 100 T2 : 105 SL : 93

neelesh_gupta94 Updated 

Escorts has broken a resistance of 650-665 and had 2 Swing Highs also at a similar level. BUY around 655-660 T1: 680 T2: 705 T3: 735 SL: 636

neelesh_gupta94

Descending Broadening Wedge Pattern in IGL

neelesh_gupta94 Updated 

Canara Bank has broken its previous Swing Highs placed around 241 Buy Around 242.5-244 T1: 253 T2: 257 SL: 236

neelesh_gupta94 Updated 

Just like Nifty , Bank Nifty is also in a downtrend, the only difference being that Bank Nifty is weaker. Bank Nifty has also made a Lower High Lower Low pattern. If it continues its downtrend , we should see a continuation of this pattern with 26100-26200 levels being witnessed soon. It may find some strong support at its 200 Day EMA which is also around 26100.

neelesh_gupta94 Updated 

Nifty is trading in a downtrend making a lower top lower bottom formation.

neelesh_gupta94

NSE:ASIANPAINT might have taken a Trend Line Support yesterday placed around 1285 and also may have taken a support at its 150 Day EMA at 1290. There may be an upmove on the cards till the time it manages to stay above 1280.

neelesh_gupta94 Updated 

TRADE : SELL COAL INDIA TARGET 1 : 268.8 TARGET 2 : 259.5 STOP LOSS : 287.6

neelesh_gupta94

Nestle recently hit an all time high of 11700 on 31st August 2018. It has fallen almost 15% from its all time high and now is at its 100 Day EMA. Expect Nestle to take some support at around 10000 which is its 100 Day EMA and should also provide some bounce from here.

neelesh_gupta94 Updated 

The Pharma Sector has shown signs of picking up in the previous few months and isn't expected to stop anytime soon. Pharma Sector along with the IT Sector are the sectors that continue to show strength and limit the downside in NIFTY 50 despite negative global cues. I remain long in NSE:DRREDDY for the Targets of 2770 and 2900 with SL to be placed around 2545.

neelesh_gupta94

The NSE:NIFTY Index is currently witnessing a sell off on the back of weak Global Cues. The low on 5th September 2018 was 11393.85 and coincidently the high on 1st August 2018 was 11390.55 . We witnessed a pullback of sorts after 5th September, when the Nifty took this level as a possible short term support and hit a high of 11603 yesterday. Today, there was a...

neelesh_gupta94

TRADE : BUY HCLTECH @ 1087 TARGET 1 : 1141.6 TARGET 2 : 1178 STOP LOSS : 1065