Forming a near double bottom formation . Go Long above 468 on the opening with the target of 475-480-485+, SL - 461
Can go long on Bajaj Auto if it crosses 2900. SL 2865, tARGET - 2920-2937-2974
It has bounced from the crucial channel support and is bullish on all indicators. Go Long above 1230 with the SL of 1198, Keep targets of 1239-1255-1280+
Jindal Steel has given a breakout and any close above 234 for 238-241-245.
ARVIND should buy above 396 Reasons for Buying 1. Stochastic oscillator 2. RSI oscillator 3. Morning Star Formation
The share has increased from 1900 to 2400 in the past 1.5 month (i.e. a whopping growth of 30%+) SHORT BELOW 2270 The share is primarily because of below mentioned reasons : 1. Broke trend line which indicates fall. 2. Crucial Fibonacci Support at 2228. If it breaks, Free fall. 3. Reversed from overbought levels as per Stochastic Oscillator, due correction...
Short BIOCON 1. Share recently broke its crucial Fibo Support at 628. 2. Bear Flag Pattern 3. Stochastic Indicator showing reversal from overbought scenario 4. Share also tried to break 23.6% fibo support, however was not able to sustain it.
IDBI going to the new heights! Go Long on IDBI Bank on monday. Reasons for Long 1. Stocastic - Oversold 2. RSI - Oversold 3. Morning Star Formation ( Great success rate) 4. Bounced from the trend line Any opening above
IDBI going to the new heights! Go Long on IDBI Bank on monday. Reasons for Long 1. Stocastic - Oversold 2. RSI - Oversold 3. Morning Star Formation ( Great success rate) 4. Bounced from the trend line Any opening above 54 can lead to 60 within 2 weeks time frame.
Important Levels for Bank of India Bank of India is at all time low and oversold on the indicators. If it reverses from here it can be good long opportunity, however, any breach of the trendline mentioned in the downchart, will open the gates for more downfall.