Buy idea with SL of 8.35 for target of 9 /10. It showing good amount of increase in open interest
Voltas had given breakout so buy with SL 960 for target of 1065/1100
Buy Bata India with SL 1340 for target of 1430/1480. In order to support my view below reason are listed. 1. Box breakout on daily charts 2.OP and Price indicates closer of short position and bottoming out. 3.RSI showing good momentum
Buy burger paint with SL 727 for target of 810/848 My observations: 1. Bottom cup and saucer pattern 2.Double bottom formation on RSI 3.Increase in OI with increase in price
Buy HeroMoto with Sl 2900 for target 3200. This counter showing great momentum in RSI and double bottom on daily chart . Ways to Trade. 1.Buy in cash market 2. Buy Future of June expiry 3. Little bit safer then trading with future contract. Create bear credit spread by selling 2900 put and buying 2600 put of June expiry.
Buy Mindtree with SL 2070 for target 2144. Key observation: 1. taken weekly pivot support 2.Shrink in price and increase in 15% OI which indicate short covering 3.Trend change in RSI and average volume is over the strength
Buy Ramco cement with Sl 925 for target of 978/999 Key Observation: 1. Change in price trend with volume 2.Increase in OI by 8%
TSLA may touch range of 470 to 388. In order to support my opinion below reason are listed. 1. Current trend following ABCD pattern with correct Fibo ratio on daily and weekly chart 2. Weekly breakout retest at 505 and 430. 3.On hourly chart making rising box
We are seeing DOW down by past three days and most of bulls worrying about Nifty also .So I can some hope in Nifty hourly chart which had formed Bullish Gartley pattern .It indicates buy Nifty with SL of 1464o for target of 14924.
Buy HDFC with stop loss of 2420 and target highlighted in chart. Reason in order to support my onions: 1. Double bottom on hourly chart 2. RSI double bottom 3.Looks will follow ABCD pattern 4. Increase delivery 50% of traded quantity. 5.OI more in PUT side rather than call side.
Siemens on multiyear breakout. Good to for traders
Buy LT Sl of 1350 for target 1445and 1523
Rsi double top formation on weekly chart and volume and oi also showing downside
ABCD pattern indicates HLL 2263 on lower side.
Short below 1370 for target 1350/1300.sltop loss is on higher side of1420
GAIL for long with SL of 129. OI>10% Double bottom on RSI Above pivot.
Island reversal on SBI take it to 368 and 410 with stop loss of 320. This pattern work on two gaps in which one should be opposite to trend and Second gap must have more volume than first one.