NOTE: FOR LEARNING PURPOSE ONLY.
3 Possibilities -
1) Nifty can try to catch 12000 once again. 12025 is strong resistance. Rejection from there can lead to short trade while if Nifty sustains above 12025 then we can see strong momentum. Will create bear put spread.
2) Breakdown of inclining trendline - If broken and sustain below trendline then we can see...
Exide taking good support around 212-213 area. I think it is poised for up move. I will look to buy exide on Monday opening around 210-213.
Target 1 - 220 (will book 50%)
Target 2 - 230 (will book remaining)
Stoploss - 208
It has been observed that repco homes is trading near the lower band of inclining channel. The stock fell significantly from upper band sharply but its fall is not justified by Volume. Stock declined with lighter volumes. Now stock trading near the lower band of inclining channel may attract buyers which can lead stock to 950-975 levels.
Bharti Airtel is consolidating from last 2 years in the price range of | 280-390. The price action is suggesting the It might come out of the consolidation zone and we can see 450-480 levels in Bharti Airtel.
It has been also observe that Bullish Cup and Handle pattern is formed indicating possible break-out from 2 year long consolidation offering fresh long...