sfk1229

sfk1229

TATASTEEL looks good Fresh breakout is confirmed in weekly chart. It is in retest, can be a good trade if planned properly. Weekly & Monthly Stoploss is given.

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ICICI PRUDENTIAL looks like forming Inverted Head & Shoulder.( I-H&S ) Currently right shoulder is forming. Looks like reversing, but not yet confirmed. Just a technical pick as Fundamentals doesn't look good. Need to cross Monthly Resitance to confirm I-H&S breakout. SL & Targets are given as T1, T2, T3.

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Biggest bank HDFCBANK is looking good for reversal from trendline in Weekly timeframe.

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Divergence has occured b/w momentum & Price action in IDFC First Bank near 200ema. I took a pilot position for now. Lets see how price moves from here. SL & Targets are mentioned in chart.

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Bodal chemical is in pullback in weekly chart So looking for long trade in 4H chart

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It is at Reversal zone. Near confluence of Trendline & weekly support Check fundamentals & take some position Add more after breakout with volumes has confirmed.

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HDFC LIFE at low risk zone Fundamentally very strong Good for Long term Bought at 602

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TATA MOTORS MONTHLY CHART is bullish with good R:R

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#JOCIL fundamentally I'm not sure. But looks good on chart. Will gain momentum once it breaks Inverted Head &Shoulder pattern and monthly parallel channel. (My eyes see H&S pattern, u may see box.) So Just invest token amount like 5-15% of money allotted for this trade, observe price action - add more once breaks. If SL hits, u will lose small %of 5% amount...

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#ICEMAKE is out of consolidation Good to buy Buy now --> add at retest zone --> add some at SL zone if it comes( only if Divergence is there in price & momentum & only after reversal confirmation from SL). Just follow SL and Target. I'm not sure of fundamentals. Technically good. So frequent check is necessary.

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#BHEL is setting up. If it crosses 52week High & monthly trendline also. It is ready to go 100 & above. SL - stop loss T1 - Target W - weekly resistance/support ATH - All time high NSE:BHEL

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Vodafone is at Trendline and Horizontal Support Pivot volume(Volume spike) has come this week.

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Zydus Life long idea Chart looks good Crossed 200ema - Bullish In pullback Near Support I see Chart is trying to form Cup & Handle

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Indigo painrts is forming Inverse head & shoulder. Currently It is forming right side shoulder.

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#KTKBANK is getting ready for breakout. Looks like IHS pattern to me. So Kept in radar. Accumulated a little --> will add main chunk after breakout confirmation only Still need to check relative strength & momentum as it is PSU bank. Bcuz they don't usually move.

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SUMICHEM is very good fundamentally It looks good on chart also now. It gained momentum. It broke out of consolidation. Please follow strategy.

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#RELIANCE long idea It broke All time high - buyers will come Relative strength is 52week high Momentum is higher in daily & weekly It takes its time too move, as it is big% of NIFTY should take profit whenever relative strength weakens & momentum comes down in daily

sfk1229 Updated 

#Pro's -->Near confluence of support -->CCI 34 D is about to revers -->CCI 34 W is at long term support (-100) ---> Might see reversal from here #Con's -->Head & Shoulder pattern breakdown may happen which makes stock to reach lower support