It is becoming a fashionable trade to fade the nifty at this range...6th in a row.... I think it is time for a decisive move soon! Enter if 10430 breaks up , stops maybe near 10400!
Morning gap stands closed. The key areas to watch now are 10430 for a breakout or a breakdown below recent lows.. My bias for the day remains up.
On neckline cross, this can head to 430ish region. Else pattern will fail below recent low. *Discretionary setups only : Pls use your own methods to build on the idea.
It should go into some consolidation here before the next move (up or down).. Good time to book short term profits or strategize for next move.
RCOM is under consolidation. Can be bot if breaks TL. Will update when happens.
Very low volume stock....but if formation is correct, lot of upside...HIgh Risk game.
IH&S abv 198 with a tgt of near 225...stops can be 180.
Can buy with stops at recent lows...
Looks good above 198 With a stop near 175 Please do ur own due diligence!
SAIL Tgt 89.6 SL 77 with a bias for +ve results Disclaimer : Just discretionary ideas. Apply your own risk mgmt. These trades have nothing to do with the Mi models
2 gaps overhead on completion may restart the down move
SAIL: Looks stronger relative to the market Stops should be lower end of the range.
A pending gap in RCOM got filled . The low today is now an important stop point.
Can short on bounce near 10K i feel with stops near 11K
GOA: Pretty serious break of trend. The TL will be a serious resistance going forward and consolidation will be needed before any reattempt.
SMALLCAPINDEX : Will the previos tops give a nice support and a U turn possiblity Yes to be seen, but if this gives away then strap yourself up for a deeper dive in coming weeks
RCOM :Relative strength on a weak morning. Certainly a sign of something brewing. Can be a risky long with stops at yesterdays lows..