Lupin had given triangle breakout and it can go up to 910,968 and 1048. Stop loss is 796
Hourly chart of lupin indicates weakness. My observation is as below 1. Its completed ABCD pattern on Daily chart after that facing resistance Fibo of 2.618 (853 price levle) . ABCD completion reflect on hourly chart 2. Rounding top is formed and double top formation on upper side also taking support in range of 790 to 800 and this will act as stop loss for long...
Reliance is looks good to short after completion of short with stop loss of 1454 for target of 1320 ,1280 .Please note this pattern is valid once traded over 1510
Short position can be created on HDFC life insurance below 490 for target of 457 and 434. it can also traded with option of 450 which is trading at 3.50
Fibo trend indicate that HDFC bank might go upto 1027 and stop loss should be 915 on closing basis.
Buy Britannia for target 3118 with stop loss highlighted in chat .
Nifty analysis based on hourly. Stop loss and target indicated in chart
Reliance Strategy Scenario 1: In current price pattern go short in range of 1240 t0 1280 with stop loss of 1240 lower target 1180 and 1104. Scenario 2: Wait to price go up as extended rally of 1324 with stop loss of 1344 -------------- Reliance future showing decrease in open interest,Volume and increase in price
Break of 500 level will take it into another phase of bull and break of 564 in short span can bring to 445 and its strong support for it but closing below 445 will drag it down further to 424.
LT had completed ABCD pattern and looks for short position with stop loss of 950 for target of 866 .can be traded with PUT option of 900 which is currently traded at 20 rs.It not only completed ABCD pattern but alos doji candle formed at upper level apart from this in spot this stock had shown decrease in volume by 38% on weekly basis.
Buy TCS based on hourly chart stop loss of 1780 for target 1857 and 1970
On weekly chart tata steel completed correction based on three drive pattern and looks good investment pick for target of 348 and next could be 500.
Tata motors can be bough with stop loss of 69 and all target are highlighted in green color
Based on my study BEL can be bought with stop loss of 55 and target are highlighted in green color line. It forming head and shoulder pattern on daily chart
Asian paint ahd completed ABCD pattern and volume on weekly basis had decrease so it can be considered for shorting with stop loss of 1780 .Targets are highlighted in chart
Buy State bank of India witl Stop loss of 176 for target of 200 and 229
Bank nifty had formed shark pattern on hourly chart and can be traded as per Stop loss and target mentioned on chart.
XABCD battern completed for sun pharma and its good to short below 454 with target of 432 and 424 . Maintain stop loss of 475