CAN GO LONG IN THIS STOCK WITH A STRICT STOP LOSS BELOW THE SUPPORT - DENOTED BY RED LINE. TRAIL STOP LOSS AS THE STOCK MOVES UP ABOVE RESISTANCE (RED ZONE).
HAVELLS INDIA - HAS BROKEN OUT OF A PATTERN, EXPECTING A GOOD UPMOVE. FOLLOW THIS WITH STOP LOSS BELOW THE TRENDLINE.
KEEPING NIFTY METAL NIDEX IN THE VIEW IT IS NEAR THE RESISTANCE LEVEL AND THE SAME IS REFLECTED IN TATA STEEL BECAUSE OF ITS WEIGHTAGE IN NIFTY METAL INDEX. (SIMILAR PRICE ACTION IS SEEN AS INDEX)
TATA MOTORS IS FORMING A TRIANGLE PATTERN, TRADE WITH CONFIRMATION
CADILAHC is forming a good pattern with higher lows , if the above trend line is broken we can expect a good movement for intraday.
BANK NIFTY FORMING A TRIANGLE PATTERN
NIFTY METAL INDEX IS NEARER TO ITS TRENDLINE - (NIFTY METAL INDEX CANNOT BE TRADED) WATCH STOCKS SUCH AS TATA STEEL , COAL INDIA , HINDALCO AND JSW STEEL AS THEY ARE THE MAJORITY CONTRIBUTORS TO NIFTY METAL INDEX.
ICICI PRUDENTIAL IS FORMING TRIANGLE PATTERN , TRADE WITH CONFIRMATION
VEDL - TRIANGLE PATTERN HAS FORMED TRIANGLE PATTERN. TRADE WITH CONFIRMATION.
WIPRO IS AT A IMPORTANT SUPPORT LEVEL. IF THE SELLING PRESSURE KEEPS GOING ON THEN YOU CAN EXPECT GAP FILLING TOWARDS DOWN SIDE AND REACH ITS NEXT SUPPORT.
MARUTI - TRIANGLE IS FORMING TRIANGLE PATTERN
RELIANCE HAS BEEN TAKING GOOD SUPPORT FROM THE TREND LINE. EXPECT AN UPMOVE.
APOLLO TYRES APPROACHING RESISTANCE ZONE WITH GOOD MOMENTUM. TRADE WITH CONFIRMATION.
INDUSIND BANK MAY TRY TO BREAKOUT OF A RESISTANCE ZONE IF THE SAME TREND CONTINUOUS OR FACE RESISTANCE AND COME DOWN TO SUPPORT. TRADE ON CONFIRMATION.
YESBANK HAS BEEN FORMING A TRIANGLE PATTERN . WAIT FOR IT TO BREAK THE PATTERN AND TRADE ACCORDINGLY.
TATA MOTORS FORMING A TRIANGLE PATTERN.
MARICO IS FORMING TRIANGLE PATTERN AGAIN.
SUNTV SHORTING IF BREAKS SUPPORT REGION