Fundamentally a very strong stock. This is a portfolio pick. Intermediate target of 20 percent for a price target of 1743
Stock has come of a downward channel on higher time frame. On daily time frame the price has formed a expanding traingle. Price is at the bottom of range and is a buy.
Price has broken out of a upward Channel on the down side. Made a double bottom outside the channel. Stock can be bought at these levels with target of 98 and SL of 78 Risk Reward is 1:4 and returns can be around 19 Percent. OI Analysis :- Good Buildup on the put side. OI has decreased by 5 percent in today session which indicates short covering.
Yes bank at its major resitance short position can be taken here. Stop loss of 4.35 and target of 16 points from current levels. Risk reward of 1:4 from these levels. A reward of 22.5 percent on downside on this stock. Any upswing should be taken as opportunity to sell.
Jindal Steel has formed nice double bottom on daily chart. With a Stop loss of 112 we can buy for a target of 132. 4 points risk and reward of 16 points This makes it a risk reward of 1:4 Return of 12 percent
Bank Nifty still has room on upside. Triangle formation on hourly chart, IF HDFC Bank starts moving tomorrow Bank Nifty is a buy. KOTAK / ICICI Bank are in downtrend. SBIN And Axis have just broken out of range. Most importantly HDFC Bank has to come out of the range to perform and uplift Bank Nifty.
Triangle Formation on Nifty. Any pullback to 11800 levels should be bought. NIFTY IT is pulling up should support nifty with this push. Bank nifty should support in this endeavor as well. With whole market breadth so positive it is the best time to create a long. Levels mentioned in the chart.
Hind Petro has formed cup and handle formation. Please note every cup and handle formation may not be bullish. Stock has huge resistance at 340 levels. OI analysis suggests the same as well. In stock manages to close over 340 levels with good volume a buy can be initiated. Or else stock is a sell at 340 levels as well. Same pattern is devloping in IOC as well,...
Indigo has gone from 1400 levels to 1750 levels now taking a pause. It has broken the trendline . Price is looking to re-test the trendline @ 1787 levels. Stock looks a clear sell on every rise upto the levels of 1674
Infosys after that dramatic fall is still reeling under pressure. On hourly time frame it has formed triangle which depicts uncertainty. Body of candles formed is very small which indicates no buying interest. Need to wait till the trade comes to us. For this expiry 650 would be the key resistance to watch out for. Om the put side highest OI is at 600 Om the...
Hexaware at its multi month support which has been respected in the past as well. Price at 200 DMA as well. Go For It!!!!
Inverted head and shoulder pattern in progress in Bharat Forge. Target of 480 and Stop loss 408.
Kotak bank on weekly charts has formed a wedge and price has reached resistance. Stock opened gap up but couldn't sustain and formed a bearish candle. It is a sell opportunity for a target of 1520 OI Analysis :- Fresh call writing seen at 1620 levels which confirms the resistance (46K) Highest OI seen at 1640 levels (CALL) On...
Balkrishna Industries is in a upward channel. An upward channel is always considered a bear flag and breakout in upward direction can be completely ruled out technically. Doji candle formed in todays session has taken support at 50 DMA . This candle is a bearish candle which signals exhaustion. And if you see the big bull candle at the top of channel signals buy...
Bajaj Finance at the top of channel is re-testing the upper trendline second time. Current levels look exhausted and a correction is eminent. We can wait for levels of 3579 or ( 50 Day Moving Average) to buy. OI is seen increasing on the CALL side which indicates selling pressure 3800 Put as of now holds the maximum OI. 4200 CALL holds maximum OI.