HCL Tech is approaching its supply zone. Looks like a good candidate to short at 1020 levels with a Stoploss of around 1040. Safe players can buy put options once the trend line is broken down. May see some movement within 2 weeks.
A fresh breakdown is observed in Adani Port. One can buy Put options. We may see levels below 700 in the coming weeks. Stop loss can be set above 760 closing basis.
LTI is nearing its support. As seen in the chart, the confluence of 3 supports can be observed. 1) 200 EMA, 2) Trend Line, 3) The horizontal support.
These support zones can attract buyers. One can expect to see minimum levels of 4200+ by the end of May. View negated below 3800. Personally buying 4000 CE at 132 with SL of 100 and open target.
After forming a rounding bottom pattern + Inverted head and shoulder pattern, Nifty is looking bullish as long as above 14900. We may see new all time highs in the coming weeks.
In the chart, we can see a formation of rounding bottom along with double bottom chart pattern. RSI Divergence supports the bullish view. Long options can be bought. Asian paints can be seen touching the levels of 2800+ by the last week of March.
PVR may rally if the current resistance is surpassed. However, buy only above 1600 levels. As suggested by RSI and stochastic RSI a downward move is expected in the upcoming days. Stay long on PVR only above 1600 levels.
HCL technologies has just taken a support from the upward curve. We may see an upward move in the upcoming days and stochastic RSI suggesting the same. Long options can be bought.
From here onwards we can expect an upward move in Tata Steel as RSI divergence data looks positive and formation of a rounding bottom can be predicted. One can go Long from here.
This can be a beginning of downtrend in Indusind Bank. As the stock price has broken the support level formed during the consolidation levels. If one is already holding this stock. Time to book profits. Put Option can be bought.
