Short below 211 for 207, 205, 203, 201 with SL at 214.5 Risk averse may want to enter below 207.
Same script as the last one linked below. Why change something that worked well. Short below 190 for 188, 186, 184.5 with SL at 192.5 Go Long above 192.5 for 194.5, 195.8 with SL at 190 Trade with a strict SL & a stricter trailing SL for intermediate targets - both upside and downside can see large movements beyond the targets mentioned & only to retrace...
Should be a good shorting opportunity below 50DEMA
The stock is sitting beautifully at its 0.618 retracement level. Two long term supports/resistance are drawn at 480-482 & 498. You will have to scroll to left to see why! It made a Shooting star today but I won't read a lot into it. Positional Trades: Go long above 465 for 470, 475, 478, 482 with SL at 459 Short below 459 for 455, 450 with SL at 464. Please...
The stock has been range bound. The last two sessions particularly have seen it reverse between the levels marked. So this sub-range breakout may be on the cards (or not). The stock has taken support from the trend line since March & the trend line support is at 50.5. The Fib retracement levels are drawn on chart - for detailed analysis of it, please see the...
Sell only below 904.5 for 900, 895, 880 with SL at 910 Long above 924 for 930, 940, 945 with SL at 910 Sustaining over T2 on hourly time frame will open targets of 965, 980, 1000 with SL at 930 - See the linked idea for details.
Making Doji's on VWAP after move up often gives upward movements There is a gap to fill and earnings expected soon Betting on it for target 205 with a tight SL at 198
Short below 190 for 188, 186, 184.5 with SL at 192 Go Long above 192 for 194.5, 195.8 with SL at 190
Heromotoco has a very beautiful price action trading in the channel. The stock made an evening star and closed at the value price. It is also showing a hidden bearish divergence. Seems like its ready for the downward cycle! Positional trades: Short below 2750 for 2720, 2700, 2690, 2675, 2650 with SL at 2800 Since tomorrow is expiry, it would be a volatile &...
Elliot Impulsive waves fit the Fib levels perfectly as drawn on chart. Corrective waves are not on. Hypothesis 1 & Positional Idea: Wave B is complete. So Short below 96.5 for 90. Hypothesis 2 & Positional Idea: Wave B is not complete. Go Long above 100 for 102.5 I tend to prefer Hypothesis 1!
Levels on chart. Go long above 82.9 for 84, 85.4 (100 DEMA), 86.5 with SL at 82
Please refer the linked breakout idea on how today's trade was planned. The Fib retracement levels are drawn on chart this time for clarity. The stock is at a crucial level - Cup is ready ! Positional Trades: Go long above 174.5 for 176, 177, 178 with SL at 173
The Hammer + NIFTY trend suggests an upward movement is on for tomorrow. The idea is supported by FIB retracements, both for the recent fall & overall COVID fall. Positional trades: Buy above 88.65 for Risk-takers & above 89 for the risk-averse for targets of 90, 91, 92.5 & 94 with SL at 86.8
IOC made a bullish marubozu crossing 100 DEMA & its long term resistance at 93.6 only to come back and close just below. Buy above 93.6 / 94.7 (based on your risk appetite) for targets of 96, 97.5, 100 with SL at 90.65
LT is back in its value area after a downward dip breaking the trend line. Please See linked ideas for details. Key levels are marked on chart for the upward movement and positional trades. The stock saw short covering when it touched 900 leading to an immediate rebound. The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels...
Risk averse strategy: Buy at 164 Riskier: Buy now with SL at 161.5
Strategy 1: Short below 1980 (sustained below on the 15 min chart) for T1: 1955, T2: 1900 with SL at 2020 Strategy 2: Short below 1955 (sustained on the 5min chart) for 1900 with SL at 1980 (For choice of trade entry levels - check the hourly chart) Long term Investing Idea - The stock is at a attractive price point around the 1900s. Expected to rebound up...