KAJARIA CERAMICS is been on downtrend for long time. Its taking support and building a strong base at 572 zone. The stock looks good for reversal.
Wait for a green candle to break it the candle high of 582 and go long.
SL and Targets are in the chart.
NBCC reversing with decent volume and big green candle. On Friday Feb 23, 2018 it spiked due to the news of NBCC signing MoU with finance ministry for housing project. Its a fundamentally sound script received good beating in recent correct. Time to go long.
Reliance Capital is on free fall for almost a month and on Friday 13th came down to the crucial support.
Target 1: 609
Target 2: 683
Entry can be taken when it crosses the day high of the previous candle.
Also, Since the stock is in a downtrend. follow this with strict Stop loss. This is low risk High Reward setup if it reverses...
UPL is taking support between 808-810 multiple times. It was ready to move up today before second half Nifty wide selling pulled it down.
Tomorrow, on 14th Sep, Watch for green candle first thing in the morning and take a long position.
Entry: around 810-812
Target 1: 833 (if trend looks stronger 840 or look for Target 2)
SL: 802 (or 791 if you still want to be...
EXIDEIND went down sharply today (Sep 13) due to the sharp selling in almost all Nifty Stocks. It reversed from the support zone around 216.
on 14th, watch the candle and enter on the green candle. If its shows downtrend, enter if it rebounds from the support.
Target 1: 228
Target 2: 231
Have been looking to get into ITC once it come close to 280 or below. I got my chance on Sep 6 and entered Sep at 277.
Fast forward Sep 13, the stock is showing weakness and showing tendency to consolidate between 270-275 or possibly go down furhter if it breaches 270 on the downside.
Deployed the hedge by selling 275CE.
Will be tracking it and updating the position.