Tata Motors chart is showing Flag and Pole pattern with upside targets of 336 / 350 levels. There is a strong support at 300 for the stock.
Bank Nifty is looking extremely bullish at present CMP 34606 and due to heavy put writing it may go upto 35000/35500 levels during next week. Every dip in Bank Nifty can be bought for targets 35000+ till the Monthly expiry. Good Luck and Happy trading
Manappuram has formed a Inverted Head and Shoulder pattern, also crossed 50 EMA recently and open interest is showing very good support at 150 levels the stock should start moving in 5th gear soon. Fasten your seatbelts for roller coaster ride ahead.
The Open interest data is suggesting some weakness in current trend of BN hence it may take a retracement to 33000 levels and go up again later. Tommorrow being the weekly expiry consolidation is on cards. BN can be shorted in the range 33600-33800 for targets 33300/33100 levels
Bandhan Bk is has made huge business in Covid era when other banks where reluctant to finance small business and also Housing loans have increased for Bandhan Bank. I generally don't look into the Fundamentals but it can be an underlining factor. My picks are generally based on Open interest and Price action combination wherein Bandhan Bk also fits in. 280 is...
As per my open interest study and Price Action combination, i think BhartiArtel has given a good chance to buy at current levels it can be accumulated in the zone 520 to 530 for target 550, Risk reward is good in the stock.
Biocon has good open interest support at 480 levels, it may target 400 shortly which is also the 50 EMA for the stock. Also there is a unfilled gap between 420 to 440 levels which may also be future targets for the stock if sustains 400 levels
Triangle breakout in Bank Nifty will take it to 34000 levels soon any dip is a buy for target 34000++
There is a falling wedge pattern breakout in the stock and 180 is very strong support hence it can be accumulated for targets 195/200 shortly
M&M Fin @ 151 is excellent Buy considering the risk reward it is offereing at present, there is strong support at 150 levels but the target is 180 which is very good and attractive bet at the moment.
180 is very strong support for the stock, it has attempted 190 levels but not able to sustain above that if sustains 190 then 200 +++ is coming soon for the stock. Risk reward is good in the stock.
Exide Industries is forming a Inverted Head and Shoulder pattern and as per Open interest 180 is very strong support for the stock. Risk reward is good in the stock for longs
RBL Bank has broken its channel as indicated in the chart and Open interest study is also showing good support near 180 levels. Accummulate Buy for target 200 +++ stoploss 175