pravinpatil26

pravinpatil26

IDBI is about to break trend-line. In last 2 days IDBI has given very good move which is also supported by its volume. Longs can be initiated in IDBI for targets of 67/71.

pravinpatil26 Updated 

TVS electronic is one of the biggest beneficiaries of GST implementation and Government's focus towards less cash economy.... With its product and services offering, the company is the leader in its business segment. TVS electronics can be potential multi-bagger stock... On technical front it has formed Bullish Flag Pattern .... Longs can be initiated for...

pravinpatil26

It has been observed that Bullish Flag Pattern is formed in Siemens... We can enter on breaking of the flag for potential up-move of 1560 and then 1750....

pravinpatil26

RCF 1.00% fell from 100 level to 75 almost 25% down but the fall is not justified by its volume ..... Secondly looking at monsoon forecast and Goverment's agri reforms.. its look to be very good bet to buy... isn't it?

pravinpatil26 Updated 

Nifty is trading in inclining channel and price action now reached at lower band of inclining channel. At the same time RSI was also trading in a channel but RSI broke the lower band of channel..... I am expecting 9350 as my near term target.... your view are welcome......

pravinpatil26 Updated 

Price action is reached at the levels where sharp up move was observed. This zone is Potential reversal zone where we can see very high demand as Lupin is fundamentally strong stock.. Weekly RSI is also in oversold region... It is recommended to open long position as this is potentially low risk and high reward trade....

pravinpatil26 Updated 

It has been observed that Bank of Baroda is trading in Upward moving channel... Price action is near to lower band of channel and expected to move to opposite band. Long position can be created in Bank of Baroda for the target of 200.

pravinpatil26

First time nifty moved and corrected from 61.8% retracement... second time from 50% retracement and if sequence is followed it can retrace to 38% from Nifty high which is coming around 9000.... Second interesting thing... first time it moved 4000 points and corrected 2000 points... second time it moved 2000 and corrected 1000 points. Third time means currently it...

pravinpatil26

First time nifty moved and corrected from 61.8% retracement... second time from 50% retracement and if sequence is followed it can retrace to 38% from Nifty high which is coming around 9000.... Second interesting thing... first time it moved 4000 points and corrected 2000 points... second time it moved 2000 and corrected 1000 points. Third time means currently it...

pravinpatil26

Hindalco Industries is consolidating from last 5 months and it has formed ascending triangle pattern..... I expect that the Hindalco Industries to come out of five months of trading range and stock can move towards 235-240 over next 2-3 months. I believe the current consolidation on price front, which is nearing its conclusion, offers fresh entry opportunity for...

pravinpatil26 Updated 

Apollo Tyres has come out of 2 year long consolidation & now taking support of breakout line.... Rounding bottom pattern has also observed..... ADX & DI indicating strong strength... Buy position can be initiated in Apollo Tyres for target of 300

pravinpatil26

ARVIND IS MOVING IN UPWARD MOVING WEEKLY CHANNEL.. NOW PRICE HAS REACHED AT LOWER BAND OF UPWARD CHANNEL...... LONG POSITIONS CAN BE INITIATED IN ARVIND FOR TARGET OF 429/475

pravinpatil26 Updated 

Strong pinbar after making low. Sharp pullback after touching trend-line giving confidence of further upmove

pravinpatil26 Updated 

ICICI bank near lower band of weakly upword moving channel....long can be initiated with SL 240 & target around 300 & 320

pravinpatil26 Updated 

Yes bank near 52 week high trying to come out of short consolidation.... Once it breaks 52 week high, yes bank can reach to 1600-1650 level..

pravinpatil26 Updated 

Clear breakout visible on Bharat forge.... Bharat forge posted poor Q3 results but commentary was encouraging... this may be the reason of forming Marabozu candle.... expecting 1250-1300 levels in coming 6 moths...

pravinpatil26 Updated 

Tata motors is near very strong support.. long position an be initiated with small stoploss for larger gains...

pravinpatil26 Updated 

Its also looks like ascending trianlge which is a trend continuation pattern suggesting further upmove.... BEL is about to breakout from a year long consodilation.... Volume is also supporting the move....Long position can be initiated in BEL......