TAMO has broken out of a bull flag with strong momentum on daily . Good investment bet with stop loss of 195. And targets expected with AB=CD move and long term resistance of 240 in coming weeks .
TATASTEEL has formed a top on 15 min time frame with pretty good selling . One can go short at CMP or at close below the support line for targets of 536/528 . Stop loss for 560.
TATA ELXSI tried to break the resistance but failed to go up and has made a shooting star at a strong level . Can go short below 950 for a good targets back at support zone . Stop loss 1000.
Although some stocks are better to avoid but you got to consider taking a trade when opportunity presents itself like this . DHFL is expected to fill the gap as it is moving slowly and might fill the gap next week . Sell below 139 . Conservative stop loss 142-143 Wide Stop loss 145 . Expected 135 levels .
TECHM is moving a parallel channel for a long time , can go short at CMP at stop loss of 820 . Targets expected 955-960 as it expected to fill the gap very soon .
Can short ASIAN PAINTS at CMP , as it is moving a channel sloping up. And signs of selling on the top of the channel . STOP LOSS : 1494 . Can hold positions for targets 1465 / 1455 .
Can sell DLF at CMP and stop loss of 207 . Expect targets of 180 / 170 / 155 .
UBILANT has formed a H and S pattern . Can go short at CMP for target 1430. Stop Loss : 1466
TATA MOTORS is moving in a channel and quite possibly moving to fill a measuring gap soon . Can short at CMP for targets 164.5 . Can sell on rise as long as doesnt break 173.5
JD is moving in a channel for a while now , can go short below 594 for targets of 590 / 575 / 560 . Can go short as long as doesnt go over 608 .
ZEEL is moving in a channel and going down pretty fast to fill the breakout gap , so expect it to fall to the support level pretty fast . Short below 327 and stop loss of 332 . Targets for 320 .
In November , I had published a rough prediction of NIFTY and its political implications . Link here : " November 2018 : Here i have plotted 5 year scenarios of Nifty performances after every election from April 1999. Nifty has approximately doubled in every five years since 1999 . If past performance is expected , Nifty should be around 12,750 by the time...
DLF has formed an inside doji on a 4 hour tf at a strong resistance . Can go short below the low of the last candle . Targets 185-187 as it might fill the gap !
TATA Motors expected to test the support zone in coming days . Can go short at every rise as long as it does not go above 200 .
YESBANK has been my favorite to trade for last 6 months since the fall from highs . Have been trading it in and out for many days . It is now moving in a parallel channel and resting on a support zone. Can go short at CMP or break of level . Good candidate for short as long as it doesnt go over 238 levels .
AXIS Bank has formed a bullish wedge on high level . Confluences of a double top and wedge both . So short selling expected . It has also formed an inside bar on the hourly. Can go short below the low of the last candle for a good R:R trade .
ZEEL has formed a possible H & S pattern on the hourly after an extended trend. Also closed low strongly . Possible plan to short below the support level for targets to next support levels .
DHFL gapped up above a good resistance and closed today above the levels. Good RR trade . Entry levels are mentioned in the charts .