nitinshm

nitinshm Updated 

It seems Biocon has completed its consolidation. Nifty Pharma has also started moving up. It has formed good base in 400-380 zone. Buy Logic listed on chart Entry: 447 Stoploss: 415 (on closing basis) Target: 580 (risk reward => 1: 4 ) Timeframe: 4-6 months Note: It can spend some more time in 440-480 zone....Conservative investors can wait for a breakout...

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Long on triangle breakout for target of 2170/2300 Stoploss: 1940 ( can be moved to 2000 post breakout) Risk Reward: - 1:2 RR for target of 2170 - 1:3 RR for target of 2300

nitinshm Updated 

Range 1060-1080 is very important range, Prince has taken multiple resistance here and also broke out earlier once. On 27th Nov, MGL made a big gap up and closed with a bullish candle with volumes. It has been consolidating since, once price moves above 1060-1080, we can go long with stoploss of 1020 Initial Target would be previous highs 1230

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Traingle are continuation patterns, HUL has been in consolidation for 6months now. Go long above 2208 Target1 = 2500 Target2 = 2850 Stoploss: 2100.

nitinshm Updated 

Demark trendline is made by joining TD points. Here TD2 points are joined to form a trendline. BHARTIARTL is about to give a close above demark trendline. To get the target, take the distance of lowest point and demark line and project it upwards BHARTIARTL has a 126 point gap and based on that we can expect a target of 600 based on above mentioned...

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Anchored volume weighted average price or simply AVWAP is a previous meaningful benchmark price on a chart chosen by traders that quantifies the average price a market has traded at through a time period, based on both volume and price. This metric is important because it provides traders with a visual into the nature of the trend and the average technical value...

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LT Foods has give a shallow correction after a good upmove with volumes. Now is has broken the the pullback trendline with increased volumes. Entry: 60 Target: 90 - 100 Stoploss : 48-50 Timeframe:

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Runaway gaps to the upside represent traders who did not get in during the initial move of the up trend and, while waiting for a retracement in price, decided it was not going to happen. Increased buying interest happens all of a sudden, and the price gaps above the previous day's close. This type of runaway gap represents a near-panic state in traders. There...

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1. Breakout of inverted head shoulder 2. Important horizontal resistance of 7300 broken Target: 9900-10500 Stoploss: shoulder's low

nitinshm Updated 

PVR is looking good and is currently in consolidation (breakout above 1460) 1. Buy above 1330 for target of 1460 (trail stoploss as last 2 days low) 2. Add on successful breakout of 1460 for target of 1800

nitinshm Updated 

FSL is near 2018 highs and is consolidating before breakout. Target: 105 followed by 130. Stoploss : 65 Risk Reward-> 1:4

nitinshm Updated 

GAIL has broken long term trend line and is making Higher Lows. Above 106 it is looking good for initial target of 130 (followed by 145/150) Target 1: 132 (0.5 Fib level of complete downmove) Target 2: 148 (0.618 Fib level of complete downmove) Stoploss: 90-92

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TataPower is coming out of long downtrend, Chart logic on chart. Target 1 = 85 Target 2 = 110 Add/Buy on dip between 55-60 Stoploss = 50

nitinshm Updated 

Gujarat Gas is struck in a box range. Beyond that it can move to 375 followed by 400. Stoploss = 305 (on closing basis)

nitinshm Updated 

corrective wave is over, bouncinf off 0.618 fib level first target is All time high, followed by 6000+ (next targets are marked on chart) SL: close below recent low

nitinshm Updated 

HDFC Life has broken out of inverted head and shoulder and is trading above neckline (645 level) Target: 950 Stoploss: 555 (below shoulder)

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Welcorp is in consolidation in 100-120 zone. 1. Buy near 100, Sell partially at 120 to play on range 2. Buy above 120 for a target of 165 (with 180, 200 to follow) Stoploss: 95

nitinshm Updated 

Britannia is retesting its breakout and taking support at 0.38 Fib levels. This is a low risk entry for Target of ATH followed by 4400/4500.