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Go long for 990
Buy near 870 for 20% in short term
Equitas has support at 145, And mostly buyers will be interested to take position at this level.
Buy near 1000 for immediate target of 1070
Immediate Target of 1040
Short for 1000
Stock near its support level, buy around 832
NCC crossed its first resistance and its near to its second resistance. But it also closed below gann angle. Wait for a day or two to see course of movement.
Tata steel has formed new channel. It moves in channel for many days(see the first MMC) which can be used by trades to make decent money in each downtrend. The second MMC (Money making channel) is not having big channel distance (its INR 30-40) but enough to make money.
Enter only above 390 for target of 420. It should break the 387-390 with strong volume for the target of 415-420. There are also chances that we may see reversal. So be ready to ride the tide in either way.
Cup and Handle formation. Also it tested its support line. Will continue its upward journey from hereon.
Once stocks falls in hands of trader. it needs lot of push to break the pattern. Ujaas is such example. People/traders used to buy at around 43 and sell at around 49. As many people started doing it. It formed another resistance at around 46. So some who got it at 50 (e.g. Myself) would avoided it if looked the chart to enter either around 43 or best if it breaks 52.
Looks like a nice cup and handle is in formation. Today almost it touched its upper range of support (138) and close nicely at 141. RSI and slow stochastic are near mid which does not indicate any trend so keep watch for few days to confirm the handle formation.
Add in-between 840-846 only with a strict stop loss of 835 on closing basis. with immediate target of 860, 883 and 915
One can expect tata steel to touch 450. which can act as support for further momentum.
Sun pharma moved out from its channel and now testing support. A perfect doji formation with decrease in selling volume . Based on Monday movement we can confirm the trend.