TVS motor can bought at CMP with SL 535 for target of 580/630. The below listed observation to make buy call. 1. Trend Breakout 2.11% change in OI with price 3.Double bottom on RSI
SRTRANSFIN look perfect for short below 1315. Yesterday traded belwo pivot and formed double top on RSI plus more than 10% change on OI with decrease in price.
ICICI bank had completed gap filling and weekly retest level of 540 .Now it can start bounce from this level. Few days back had shred short view on ICICI bank at 580 level which had achieved the target of 540.
The weekly channel and support level is 2225 it may bounce back from that level. let wait and watch avoid any kind of short or long positions at this time.
Double bottom formation on HDFC Life insurance. Please look into SL and target in chart
Nifty forming three drive pattern it may show some more decline to level of 14040 on break of this level will bring to 13830. If it start recovering from 14040 then can go to 15330-15363. So wait and watch for level of 14040.
Island reversal on HDFC take it to 1490 and 1550with stop loss of 1380. This pattern work on two gaps in which one should be opposite to trend and Second gap must have more volume than first one .
Buy IndusindBK at cmp for target of 920/950 with stop loss of 840.
Nifty can touch 14154 in coming days. This view is void once it closes above 14900.
Elliot wave indicate BankNifty level of 31925/31370. This corrective rally getting fit into elliot wave with fibo which indicate 5 the wave end point at fibo level 123.6 – 161.8% of wave 4, which is 31925--31370.
I can see there is gap at 545 level and weekly breakout retest level also. In my opinion we should wait for 545 then start accumulating at that level and this view is void once closes above 591.
Looks reversal in Bharti Airtel it can touch levels of above 600
India bulls real estate touching weekly level break out retest and it may bounce to 100 to 132.
Buy Kotak Mahindra bank at cmp for target of 1948. This stock is taking support at lower level and doji pattern is formed yesterday and 75% delivery yesterday
BUY SBI SL of 355 for target of 384/395
Diamond pattern in Nifty Future on Daily chart , its very rare pattern few days ago we have seen in Bharti Airtel and its down now . Yesterday this pattern formed in Nifty daily chart on top side it may bring Nifty to 14550/13700. If nifty closed above 15354 then this pattern is void.