hdfc ltd respected channel again and may hold for a while but overall looks very weak thus for trading stop loss long side will be yesterday low while for short opportunity wait and pull trigger
LT may garner some support for the falling nifty and with help of other stocks can help nifty to gain some momentum on the upper areas tomorrow its expiry weekly so need to keep a close check on such good corrected stocks like reliance axis titan maruti m&m pharma stocks
I see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
amararaja battery can givea good trade opportunity thus should be kept in WATCHLIST for next week
the stock had seen a good fall from past couple of days and hads successfully filled the gap , while other stock like icici sbin kotak may witness a fall , this along with hdfc bank and rbl bank can give a good upside retracement.
positional setup in nestle and as i written BEYOND technical analysis that truly means its not only about technical analysis and has certain fundamental things logically taken into consideration ! educational purpose only
lupin looks good and is set for another atleast a 5% run to the least in coming days is in my buy on dip list with mentioned stop loss !
maruti suzuki is going through tough times and may see even more panic but as its market leader will surivive and emerge victorious although may take time but still nothing wrong to stay in it
charts do not provide a clear picture here , would be interesting to see how it goes in coming days
rbl bank due to its managements comment on gross NPA had corrected sharply the stock on both long term and short term is good to accumulate
icici bank breached trendline and previous support zone continously stay below a sign of caution for bulls can slide to deep red zone and could lead bank nifty lower the price possibly can slide to 400/408 zone in coming days it good only if successfully close and sustain above 432 zone !
INDIGO LOOKS TO SLIDE LOOKING AT CURRENT MARKET SCENARIO AND STOCK AT 52 WEEK HIGH ZONES , MAY COOL OFF FROM HERE !