KAJARIACER has rallied non-stop for the past 3 weeks without a breather.
Now it zooming around it's current trend line setup and trying to withstand the pressure.
Estimated Trading period: 5-7 trading sessions
ADANIENT has formed a bullish bat type pattern on the daily chart (or the formation is near completion). The Stoch RSI shows a loss in downward momentum. NSE:ADANIENT
One can initiate a trade whe the CMP breaches 150-152 levels with good volumes. Rest all information is in the charts.
APOLLOTYRE price action is at an interesting stage where a breakout is nearing. The logic is not explained here as I am still testing those.
1) Enter into the trade tomorrow on 11 Sep as the price movement is expected to be within a limited range of 250.5 to 255. One can go ahead with OPT 260 CE currently priced at 5.25
Place SL and Exit if the price breaches...
An opportunity rarely comes when the fundamentals and technicals point to the same direction- up or down - in this case a strong upside
Cadila has formed a flag over the last few days as the big green candle seemed unbreachable.
This night, Jul 12, 2017, Sharvil Patel takes over as managing director of Cadila Healthcare.
A press release of Cadila getting...
Strong support at current levels may bring back JUSTDIAL into action on the upside
Trade duration of call: 6 months
The trades are broken down into 4 targets or checkpoints where we take a pit stop to analyse further course of action.
It was observed on the hourly chart that ADANI ENT was trading between a very narrow range (131-133) that means it's time for a breakout.
Starting tomorrow (or the day after), we may see some upside because the bears could not manage to bring the price down after the long green candle on 6 Jun.
Target: 240 (2-3 days)
SL @ 128