Buy if decisively broken. Buy above 363. Target 367 (1st Target) Stop Loss at 361. NSE:ADANIPORTS
NSE:ULTRACEMCO I feel it cannot. It is already in overbought zone. This could be a brilliant shorting opportunity.
Kotak bank at these levels has seen resistance multiple times historically. Key levels. Can go long after the resistance is broken. Buy above 1395. Target at 1438 Stop loss at 1384.
ICICIBANK has reached it's highest point since the fall in March. Buy above 417. Target - 13 rupees upside Stop loss 413
Godrej consumers will break below the levels of 669 because of weakness from the right shoulder of a H&S pattern. Sell below 669. Target at 640. Stop loss at 666. NSE:GODREJCP
HDFC BANK has managed to tests the same levels that it was before covid. While the market might see some small correction across all indices, this correction must be used as a buying opportunity. Results for the quarter were fantastic. Long term. NSE:HDFCBANK
NIFTY has tried thrice to break the levels already and still has not managed to. Go longs only above this level.
I had posted an idea about this resistance a few days back when NIFTY tried to break the resistance. It is there again. Finding it hard to break it though.
I had posted a gapfill idea a couple of days ago. That seems to have completed. ~2 points miss which I think is decent fill. Now the stock is ready to move upwards again. Catalysis for the move? The buyback at 400. Positive for Wipro. Buy here at 345. Target at 352. Stop loss at 340.
The order that it received for the bullet trains has resulted in an opening above the resistance. New way upwards.
GAIL is at a strong support right now. It has tried to break this support multiple times but has failed. If it does break from here, it could melt down to 69 levels. If it reverts back, this could be a good entry point as the support will act in again.
UPL will fill this gap that was caused by a sentimental reaction to a news that broke out which should ideally not create any pressure because both the parties involved (UPL and KPMG) have come out and cleared the air about the news reported. NOT INTRADAY trade. But at current levels. Target at 515. Stop loss at 456. Duration: 1 month. To reiterate, it's...
Bharti is at the foot point of a rounding top. More slippages below 399 can be very negative for the stock. Sell at 396. target at 385. Stop loss at 401.
And there are people out there thinking that technical patters and analysis have no place in Securities. Just look at that reversal from resistance. :)
HUL is at a resistance at 2177. If the resistance is broken, there is potential of a breakout. Buy at 2180. Target at 2230 Stop loss at 2155. NSE:HINDUNILVR
RSI shows overbought zone. It is going to cover the gap soon. Good opportunity to short. I'd recommend trading with PUT calls though. NSE:WIPRO
Tata Elxi has posted superb numbers. Trading at a 52 week high. Look at that weekly chart. It's going to be in an open movement upwards. Brilliant setup. Buy at current levels with at least an upside of 5-6 %.
Need I say anymore? Thank you, Supreme Court. :)