nextgen

nextgen

Apollo Tyre has been trading in down trend and hovering at 50% crucial fibo level and unable to breakout downside further, traders may enter long up the channel resistance around 210 as 23% of fibo level with small stop loss below 180.

nextgen

NIFTY trading on the edge of rising wedge pattern and has been undecided in past two days, it may trade down ward making breakout with a target of 8150 as short term support 38% fibo level.

nextgen Updated 

NIFTY has broken trend line today,we may see further upside in NIFTY to next target around 8460 in near term as also resistance of 23% of fibo level.

nextgen

Arvind Ltd. has been trading in uptrend after a false breakout it again turned into bullish channel and approaching the resistance around 400 level in near term.

nextgen

Coal India after a long down trend breakout seems to be retesting the support, traders may enter long at 298-300 with a target of 308 first and 315 target in near term with sl 295

nextgen

NIFTY after making the double bottom breakout has rested the support again,it seem nifty may go either side if opens below the support then nifty again will go further down or opens green then there may be a target of 8330 or triple bottom 7910

nextgen

Aanta Pharma has been trading in down trend in a channel it retesting the channel resistance,traders may enter short with a target of 1660 in near term as 50% crucial fibo level.

nextgen

Bank Nifty after a long down trend channel trading has made breakout on weekend, it seems to have paved the way for long entry,traders may enter long bank nifty with a target of 18500 as first target in a week.

nextgen Updated 

Bank Nifty has been trading in down trend and it tested the trend line resistance and may to down from here,traders may enter short bank nifty for a target of 17000 the crucial 50% fibo level. there is stop loss just above the trend line if breakout occurs.

nextgen

Nifty has made breakout the double bottom pattern but the upside seems to be limited as there is a trend line resistance limiting the nifty to go further down touching the trend line or make breakout further. traders may enter long NIFTY up the level of 8350 the crucial level if broken, will fly nifty to next level.

nextgen

Reliance Capital has been trading in downtrend and has been start retracing before going further down, it seems to be approaching the widening wedge resistance around 480 in near term. traders may enter long 480.

nextgen

Bharti Infratel has been trading in horizontal channel and it make breakout inside the channel again,traders may enter long with a target of 387 in near term and 392 if broken 387 and stop loss can be around 345.

nextgen

IDBI Bank has been trading in horizontal channel respecting support and resistance, it has been approaching channel resistance around 77 in near term,traders may enter long in IDBI.

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Lupin has been trading in down trend channel and recently tested the channel resistance and moved towards the channel support and long term support of 1400-1397, traders may enter short for a target of 1397 in near term and stop loss just above the trendline breakout around 1530.

nextgen

Axis Bank has been trading in down trend channel,it closed with breakout of channel, traders may enter long in axis bank with a target of 479 in near term and small stop loss if breakout proves false.

nextgen

NIFTY has been trading in horizontal channel also forming a double bottom pattern, Nifty trying to break the channel breakout but reversed touching the resistance line,traders may wait till breakout for long entry if open above the resistance or else go short with target of 7910

nextgen

GAIL has been trading in uptrend and it traded in consolidation and broken by breaking a triangle pattern and it is trying to retest the triangle support which may be a good buying zone,traders may enter long on dip around 430 with a target of around 480 in near term.

nextgen

Union Bank has been entered into bearish trend and has been start retracing, we may see a 1st target of 132 as 50% fiob level to reach in near term and if this level broken next target of 138 as second target. traders may enter long in the stock with a target of 132.