nitinshm

nitinshm Updated 

Breakout with high volumes on weekly chart from accumulation zone of 2000-2200 BUY in zone of 2300-2500 for targets of 2800/3100. Stoploss 2000/1980 low of accumulation zone.

nitinshm Updated 

Stock has negotiated the supply at 750/760 levels and broken out with volumes. There can be some resistance/consolidation near ATH Post which targets of 1050/1150 will open up. BUY above 830 in case on breakout or near 750/760 zone in case of consolidation. Stoploss => 715

nitinshm Updated 

Levels marked on chart. For better risk buy on retest of 220 levels.

nitinshm Updated 

Levels marked on chart.

nitinshm Updated 

TataConsumer is doing shallow correction on lower volumes.. Long on hourly close above trendline. Entry. 580-590 Target : 640-650 Stoploss: 570-575 Risk Reward : 1:3

nitinshm Updated 

TCS broke out, then retested the breakout and now is going above the swing high made after breakout. Long above 2950, Stoploss 2850/2820 Target 3180/3200

nitinshm Updated 

Long BEL, long term resistance of 120 broken with volume Entry 125 Target 145/165/185 Stoploss 110

nitinshm Updated 

HDFC has completed the impulsive move and is likely to top out at 2750. Only when break the trend line, correction would be confirmed.

nitinshm

BPCL is looking good for triangle breakout. Targets listed on chart.

nitinshm

GOLD is in accumulation zone. 2 ways to trade 1. Wait to breakout above 1900/1950 2. Accumulate 30% near 50%, 61.8% Fib retracement zone...Add 50% on break of trendline and 20% on break of ATH

nitinshm Updated 

Buyzone 207-212 Target1 = 240 Target2 = 280 Stoploss = 198 (daily closing basis)

nitinshm Updated 

FMCG index went for a long consolidation and has broken the upper end of the range successfully. 10% rally is expected in short term. Individual stocks can move higher. Like, HUL, Marico, Dabur

nitinshm

AdaniPorts is in strong uptrend and post 0B like break of corrective wave has moved strongly. It is likely that the move will be extended. Target1: 570 Target2: 640 Stoploss: 495 (daily closing basis)

nitinshm Updated 

Long above 2340 for a target of 2740. Stoploss: 2090 Timeframe : 1month

nitinshm

Ambuja is in consolidation. Strong rejection at 260. A strong close above 260 would give a move towards 300. Levels marked on chart.

nitinshm

Levels on chart...

nitinshm Updated 

1. Downward trendline since IPO broken 2. Volumes increase post trendline break 3. Double bottom made near 310 4. IT sector started move in anticipation of good quarterly results. Buy on dips near 340-335 zone.. Timeframe: 1-3months Target1: 365 => RR 1:2 Target2: 400 => RR 1:3 Stoploss: 320/310 (based on risk profile)

nitinshm

BEML is at an important resistance. Will it break? Keep in watchlist and go long on above 1050 (Daily Close Basis).