Perfect cup and handle pattern completed in Grasim daily chart. Height of the Cup is 215 points which could our next target from current levels. Maintain SL at low of the handle at 1350 on daily closing basis.
Showing lot of strength in weak mkt and tough global que
MFSL is a swing trade on the long side wit Target of 950 with SL of 850 (RR is 1:1) Have indicated 4 prior instance where stock has bounced back from 50 DMA on daily chart. This is the 5th chance. Simple but effective strategy. All the best. Do you own analysis before investing.
Clear breakout in Mindtree with high volume, this stock can go higher with med term target of 2400 with SL @ 2200
There is positive Divergence happening with Amarajabat 1. Price making lower low 2. But RSI making higher high There is high probability of stock bouncing back and making a mean reversion to 770 levels which was the gap made yesterday (25/06/2021) SL for this trade is the low made on 25th June (Rs 732) Rs 732 also coincides with the point of control for...
Chart showing double bottom formation in daily chart
Grasim showing weakness in momentum after a long run up to 1450 levels, currently trading at 1367. Loss of momentum is evident in RSI divergence as pointed out on the chart. One can look to short this stock with SL above 1450 on closing basis. Note: Result is expected to be announced on Monday for this stock, so keep you risk under control. Options trading...
1 hr chart shows stock trading near PRZ of 245 to 255 levels Can buy around CMP and on dips till 245 with SL @ 230 Do your own analysis before investing.
LTI PRZ near 3330 to 3350 - Wait till correction to this zone and enter the stock Alternatively, you can enter this stock in staggered manner as per below 1st Buy 10% allocation @ 3620 2nd Buy 20% allocation @ 3550 3rd Buy 30% allocation @ 3450 4th Buy 40% allocation @ 3350 At 3350 there is additional support of 200 DMA which gives confidence to put in extra funds.
Trend reversal - Breaking above 200 DMA with high volume. RSI just cross 50 level shows momentum just picked up. Gold price moving higher is the fundamental reason for stock price movement. Expecting target of Rs 1300 within a month.
HCL Tech XABCD formation in progress. Enter long PZR @ 830 to 820 with SL @ 780 closing basis 200 day moving Avg at 850 level gives added comfort at these levels