pravinpatil26

pravinpatil26

Tata steel stopped today at very crucial resistance...... One it crossed 433 it will head towords 450 level.... Lon can be initiated in tatasteel above 433 with SL of 227 and taret of 441/450...

pravinpatil26 Updated 

Infratel facing pressure.... stock is looking weak. Infratel has formed double top set up and RSI divergence is also observed.... Increase in OI with decrease in price showing short built up hence weakness will further increase after breaking 282....recommending short on infratel...

pravinpatil26 Updated 

Symmetric triangle formation in Godrej CP..... In futures GodrejCP showed 8.2% increase in OI.... The stock is likely to mov upwords after breking symmetrical traingle.....

pravinpatil26 Updated 

Bajaj auto can continue its upmove.... Long position can be initiated above 2720 with SL 2689 & Target of 2785/2840

pravinpatil26 Updated 

Price action of tata steel has been observed in parallel channel.... Price is trading near lower band of parallel channel... Long can be initiated once its breaks trendline... Sl would be lower band & target would be opposite band of channel...

pravinpatil26

FMCG sector has been under tremendous pressure. In last week it showed some signs of recovery but it was just a profit booking (I suppose).... now last candle compleed a classic evening star doji pattern which is a warning sign... FMCG sector may show further weakness and even it may violate previuos low....

pravinpatil26

CNX IT shaprly gave pullback after touching lower band of descending channel..... now remaining part of story is, does it will touch upper band of channel.... If this happens then nifty will get support from CNXIT.... Your views are welcome....

pravinpatil26

Asian paints at lower band of channel..... Stock can reverse from here in short term but the concern is increased volume with decrease in price in last 4 weeks.... If it breaks channel lower band possibility of reaching 700 is likely.... Before initiating long position, we shall wait for some sort of reversle singal...... Your view are welcome.......

pravinpatil26

Ascending channel observed in DCB bank.... shor term target is around 143-145 level wih SL of 115

pravinpatil26 Updated 

In last quarter TCS reduced its guidance for upcoming quarters. Th fear of the same is being reflected in TCS chart. What will happen this time??? Does TCS will go further down to see 2150-2200 or the fear has already been discounted or if we can see any suprises in the results??? My view is to go short..... Please express your views???

pravinpatil26 Updated 

Metal sector showing good momentum..... Hindalco is also in uptrend.... Bullish flag observed in Hindalco.... one can initiate trade with good risk to reward ratio.....

pravinpatil26 Updated 

Bullish flag pattern observed.... entry after flag breakout

pravinpatil26 Updated 

Bullish flag observed in Hindustan Zinc giving good short term long opportunity........Entry after flag breakout

pravinpatil26 Updated 

Ascending channel has been observed in Kaveri Seeds.... Price action is at lower band of Ascending channel..... Long position can be initiated with SL of 420. Risk to Reward ratio (1:3.3)....

pravinpatil26 Updated 

Hourly chart showing Double bottom set-up in titan industries....... Looking to buy once crosses trendline...

pravinpatil26

Bullish flag in Gruh finance.... Great Risk to reward ratio (!:4).. Target within 1-3 days

pravinpatil26 Updated 

Downward sloping channel observed in Gold hourly chart. Short trade can be initiated with good risk to reward ratio (1:3) making low lows & lower highs.

pravinpatil26

Inverse H & S pattern in weekly chart of crude oil......about to break neckline.....big move is expected if it breaks neckline.....