Infy has breaken the support one . Short in the range of 775-782. Target - 770,765 Stop loss - 789
Auropharma is presenting a good swing trade opportunity. Watch the month long range for breakout or breakdown.
Lots of people are bearish right now. But I think, Banknifty will accept the support and survive in the Range zone for some days to come or may even give a range breakout in some days, if things go right.
Reliance has retaraced and is currently in a bracket formation.....Price action break on either side outside rectangle, will give a good momentum.
Cipla in Range...Look for range brekout for a good swing trade.
Mc Dowell is deep in resistance zone...it should see some pull back as a result of this.....Minimum pullback upto - 590- 595
Glenmark Pharma is in Collection zone....excellent stock for momentum Investing. Park money only "when it breaks the rectangle formation". Easily could give 100-200% returns in 1-2 years time frame. * Idea only For Investment purposes.
Tata motor is deep in debt but technical chart is in multi year support zone.....Stock could be good for a small rally in few months time...could give 50-80% returns easily in 6- 12 month time frame.
As per the price action SunTv could give a short breakout. * Intraday Short position on SunTV Stop loss - 597 Target - 583- 587 Entry - 590-593 ** Posted for record purpose
There is a possibility of potential cup and handle formation in vedl. Short targets could be kept at 249 or lower. Details are below Entry point- above 325 or near to it. Stop loss -25 points ( around 350 in closing candle basis ) Targets - 75 points ( 250 around or lower )
Upl could be considered for long. Targets are at user discretion. Entry could be at pullback and on reversal but if pullback breaks trendline on significant basis then trade is not valid.
Looks bullish to me...what say folks ?