Ineos has been consolidating since its last block buster result..BEPL gave a brillant result today so we can expect a similar result from Ineos too. Long above 1040 and then double down above 1090. (Box breakout) SL below 965. Ps: I have prevously shared this company too..
The stock has been showing good relative strength and buying from the market shown by the higher than usual volumes. Can go long above 945. Keep a tight 2% SL. If the ATH gets taken out can add even more. Wont set a target here coz momentum could carry it much higher.
RIL is below the 200EMA. Below the 200EMA is always bad news for stocks. Short below 1910. First target 1820. SL 1955. If the first support gets taken out the stock wont fall alone but will drag the market down along with it.
With crude prices getting firm ONGC could be a key beneficiary.. Long above 108..First target 110.50 where if it crosses above that i'd even be tempted to double down for the next target of 115. SL 2% below purchase price. After 110.50 is crossed SL can be shifted to cost.
Copper prices have again moved from strength to strength so its only a matter of time Hindustan Copper catches up. Buy at CMP before the breakout and add more upon the triangle breakout and if you are really bullish more above 166. By this time you'd have a high allocation. After the first buy at CMP SL would be 130. By the 2nd buy (around 147) SL can be...
After consolidating post Q3 results the stock seems to have started a new leg of movement. Long above 705 with SL below 675. Target new ATH.
Long above 350. SL 335 Open Target. Its a trade only into the weekend because markets are volatile and taking a longer term trade could be risky.
Despite a strong result TCS continues to fall..this is usually the sign of weakness in the market when market leaders are unablet to hold onto gains..esp on the backing of strong results. Technically the stock couldve made an almost double top..its off by 1% i think. Short below 3045 with SL of 3115. First target 2920. If that gets broken then the 200EMA...
Long above 425 with target of 440 and SL of 410. Its a 1:1 Risk:Reward play to start with but could continue to move with strength going ahead. intraday players once the stock crosses 425 can even keep a SL of 418.
I have shared this name multiple times in the past. Leading EPC player with large solar farm contracts over 4 continents.. The biggest problem was a loan to the promoter group which they are now repaying which is a surprise to the markets. Long above 335 with a SL 320. The stock could move towards filling the gaps.. 360 and then 400++ Once that gets taken out...
Once again NMDC tries to break out of its long term channel. Long at CMP with SL at 138. First target 165. Iron Ore prices are up and their steel plant should be ready sometime this year and as guided they should be demerge it by sometime in the middle of the year which will unlock massive value.
A stock which has interests in both Sugar and Cement has finally broken out of its downtrend. I have spoken about it plenty of times in the past too but now things could really turn for the company. Trading plan here it buy 50% at CMP and 50% either 5-7% higher or on a retest of the trendline. SL 7% lower. Not setting a target here coz the stock has been...
Stock which after a big move had consolidated could potentially breakout again tomorrow. Long above 770 for an initial target of 910. SL slightly below 720. If you want to play it even safer then even 750 can be kept as a stop but the chance of that triggering would be much higher.
At some point the RBI will intervene to protect the rupee...at what level we dont know but on the charts there has been a breaking of channel. This depreciation is good for exporters like IT, Pharma etc. If it keeps getting weaker its bad for inflation but good for select companies.. Watch out for those companies (exporters) making moves because of a weaker rupee.
Since its good result last quarter the stock didnt show much traction and didnt move up. With its underlying commodity prices still up this result could be good too..So the stock could do well.. The goal is to add this stock in 2 parts..once above 1038 and then above 1090. SL after the firsy buy will be 970 and if it breaks out for the 2nd buy as well then we...
With covid cases rising and states looking to shut down many activities airline loads could take a beating again.. Look to short Indigo if it breaks below 1490. SL above 1545. (Potential box breakdown) Keeping the target open coz high crude prices + lower passenger loads will be a double whammy for this industry.
Another pharma stock which has fallen below its 200EMA and needs to bounce tomorrow else it could fall till atleast 284. There are rumours in the market of the promoter wanting to sell the company at a billion $ valuation and around 284 would be that price. Caution if you already own it..Again because of the rumour it wouldnt to wise to short it but to look to...
Below 1480 the stock can be shorted with a 3% SL. (~1420) The key will be tomorrow if the stock can sustain within the box or breakdown. Keep on watchlist for a potential short trade. If our markets continue to remain weak and HDFC Bank leads on the way down it could fall till 1340.