For PEL we will use the strategy which includes EMA(exponential moving average). Now remember this is a long term investment so it would involve buying in small quantity and buy on dips. Current Price action CMP = 1012.15 1. EMA 9 = 1031.45 2. EMA 20 = 1030.85 3. EMA 50 = 1012.90 4. EMA 100 = 1039.00 Look to buy above 1042 for our next target 1158.75 Once...
SUVEN PHARMACEUTICALS LTD Market Cap: 111 BN PE: 25 SECTOR PE: 30 Debt to Equity: .06 Quarterly results June 22 = 1.08 BN June 21 = 1.05 BN Net Sales June 22 = 3.39 BN June 21 = 2.64 BN EBITDA June 22 = 1.61 BN June 21 = 1.20 BN 52 Week Low 425.70 52 Week High 631.75 VWAP = 448 With this we come to our trade: Buy @/above 448 Target 1= 489.50 Target 2 =...
Buy above 3451.60 Target 3485 Stop Loss 3434.05 This is a short term trade and one should not use this info to stay long in this counter.
Kindly refer chart The price has moved out of its support levels and one could expect the levels of 900 over a period of time, hence would place this for a long term view. On the shorter front we could look at this from an intraday point of view and look for the immediate targets of 620 levels
Metropolis Healthcare is with a Bullish view(Continuation Flag) poised for a Target of 3472 with a Stop Loss of 3281 is recommended to buy at 3325 and above.
Bharti Airtel has shown a lot of strength in buying today and could gain momentum in the coming few days. Idea is to Buy above 732 for a Target of 757-777 with a stop loss of 727-720.
As long as the price trades above 648 there should be no reason stopping it from breaking the Resistance of 664. But if t all the support area of 639 breaks then we can have the price reaching the levels of 630 and below. 9987567889
Hammer formed on daily time frame, could be a signal of possible reversal of trend as the BEARS have lost momentum today. If BULLS take control going LONG would be the better option. Support: 18016.00-17878.00-17769.00 Resistance: 18263.00-18372.00-18510.00 Watch out for levels to be broken For buying: 18139.50 For selling: 18110.50 9987567889
BANKNIFY has made a new high, so it remains to see if the momentum goes on and how far are the bulls ready to take BNF up after loosing 500 points to the BEARS before closing the day at 41342. Support and Resistance has been marked. Watch out for the below mentioned levels to be taken out. For buying - 41274 For selling - 41138 9987567889
Support levels : 541.22-531.93-523.82 Resistance levels : 558.62-566.73-576.02 Break of 548.75 for downward move To sustain above 549.90 for upward move
Strong RESISTANCE at the top could move prices below support. Levels to be breached on downside will be 199.90 and on the upside 200.55. Down side - 196.93-193.02-189.73 ------ Upside - 204.13-207.42-211.33
With results around the corner we could see levels of 308.53-315.07-324.33 on the higher side once 300.60 has been taken out strongly and on the down side we can be cautious with a Bearish force to see levels of 292.73-283.47-276.93
Fresh new high of 2938.35 was created before profit booking saw the price drop to 2903.95. We could see levels of 2942.87-2981.78-3025.22 once the BULLS take over again where as the BEARS could force it down to 2897.20 and then on below 2860.52-2817.08-2778.17. A Bullish Triangle could be in the forming and if sustains above 2938.35 a new high could be made.
A bearish flag formed on Daily time frame and if the same continues we may see closing below 320.85 to levels of 316.27-309.28-303.92 On the higher side one could consider to go Long above 322.40 for resistance levels 328.62-333.98-340.97 to be broken.
If the price continues to stay above 102.47 and break the high of 105.70 we could probably see levels of 108.53-113.17-120.63. On the selling side one could watch for break of 99.65 which could then meet our supports of 96.43-88.97-84.33 and more.
Negative financial results reported could drag the stock further down the ladder. As the price has already breached the levels of 326, we could see levels of 316-309-296 on the down side. On the buying side if the stock breaches the level of 333.35 we can keep targets of 337-350-357. More focus would be on the selling side.
If we have HINDPETRO moving up to the level of around 275-277 and then reverses then we can possibly expect a pull back to the levels of 270-265
All details have been scripted in the chart so that the idead is well understood.