Mcdonalds in maharashtra gets 24/7 permission and its franchise owner breaks out into life highs with an almost perfect cup and handle breakout. View negates below 470 for short term buyers.
With crude beginning to cool off dramatically and indian aviation with an approx utilisation of over 85%. The top airlines are increasing capacity and input costs are going down. Indigo has bounced off a key fibo level. Long at CMP. SL below 1328. If you are in it position and long term then SL goes deeper below the yellow support zone.
If the stock doesn't bounce immediately it could easily go down to marked price of 91. SL for this trade would be 111.
Everyones fav stock. Stock bounces off channel bottom + 50EMA + Fibo level. Good entry point for a short term bounce. Stop loss below 298.
Bounced off long term support levels. Can go long but always keep a safety net with a stop loss 2% below marked price.
A recent stock in news. Doji on the daily, Fibo support, 200EMA and also 50WEMA. Lets see if we get a bounce tomorrow. Can then go long with a stop loss below todays low. Note: Doji's require confirmation. So don't preempt.
ICICI Pru is one of the stocks hurt in the budget and is at a key level like several other insurance players. Its previously bounced off 200EMA each time in the recent past. Lets see if it bounces off this week. Additionally If it breaks below 435 then it will be worth selling for now. If there is a bounce then could go long since it is at a box bottom. (SL: 435)
The company is trying its best for a quick revival and eventually with the promoter pedigree it surely will succeed. Its reached back to its Rights Issue Price and now trades at a critical level. Watch out what happens over the next could days. Will be key as a way forward for the stock price.
The most talked about FMCG stock. With almost all bad news now factored into it, the stock is at a key short term demand zone and also a key fibo level. If the stock bounces here we can expect a good move as there still is an RSI +ive divergence. But wait to see the bounce because if it breaks down it won't be surprising if it reaches the lower trend line.
Us Crude is at a critical level at the moment. At a longer term support and also a short term support. Next week will be critical for it. If it breaks below 50 expecting it to do 46-42. If it holds this could be a medium term bottom. Watch this space as a breakdown helps our economy majorly.
With Bajaj Finance and FInserv continuing to move upwards this stock could be an indirect beneficiary. Trading at a massive discount to its portfolio value this stock could easily rise 10-15% SL : Below todays low.
One of the new stocks looking bullish for a short term bounce. Took support at a Fibo extension & also trend line supports. #watchlist SL: Below 2375.
ITC at critical support, if it breaks below it could do 222 in quick time. Be cautious and even watch for a potential short term bounce.
At critical point, can it take support? Lets watch next week's price action. #Watchlist Dividend yield lovers might start nibbling if this is where it bounces from...keep a close watch.
With rumours floating around of spending being cut by the govt, this index is key doing ahead over the next couple weeks. If it breaks down all its underlying can be shorted. If there is a stimulus or some package for the infra sector it could bounce from support. Watch for its underlying with close attention because they could give super chances both ways....
Needs to bounce tom else could go to 232 in v v quick time. Broken below the channel... Stay Cautious.
Cement sector on a while isn't facing happy times. ACC broken below 200WEMA. Could be shorted with SL 1490.