Apollo hospitals looks ready to continue its bull run , chart showing a good bottom formation and buyers coming in , A breakout above 4600 levels will give confirmation for long, SL is very small just below the support , overall looking good for short to medium term swing
NIFTY50 index has approximately fallen 1500 points from all time highs of 18900 levels and a possible reversal is coming from major support areas of 17200 to 17000 , there maybe a start of another rally towards all time highs and also towards 20k levels in the index . A good bottom formation and a breakout of highs can give confirmation of a trend change , so for...
NIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming...
Is RELIANCE INDUSTries ready for another major rally on the upside , RR looking great with downisde risk of just 3-4% , if idea goes right reward can even be 30%
ASIAN PAINTS stock can move towards 3100-3200 levels if manages to breakout and sustain above the levels of 2900 , Can go long above with small SL
NMDC has broken out of its trend line showing a bullish trend and also a double bottom showing buyers coming in , looks good to be bought above 114 levels with small SL for targets towards 120 levels , aggresive long can be done at current price also
BALRAMPUR CHINI stock looks good for a swing trade , short term , buy at current price of 420 with stop loss of 400 and targets of 480 levels , RR of 1:2 looks good enough
US oil has broken its major downtrend line and is managing to test and sustain above the supports , is buy on every dips untill it stays above 70$ levels , keep SL very small at 60$ , any monthly candle closing below 70$ is an exit from trade , RR looking great and potential reward on the upside is very high
INDUSIND BANK has broken out of its 5 year old downtrend line showing big buyers coming in the stock , retest of support is also done and the stock has formed a good inside bar candle in monthly time frame . Any breakout above the inside bar candle range will be a confirmation of upcoming rally in the stock , ie levels of 1180 , one can go long above this range if...
Is the psu banking stocks ready for a major rally in the coming days ? PSU INDEX has broken out of its long term bearish trend line and has also retested its trendline supports , showing there is a possible change in the trend , overall it is buy on every dip in this sector with stocks like SBIN < CANARA BANK < BANK OF BARODA and many others towards targets of all...
Nifty financial services is looking ready for major upside moves in coming days , as long as it stays above 18.5k levels , finance index looks great to hit new all time highs .A good bullish cup and handle is formed in the index and A confirmation breakout above current high of 19800 will take index towards targets of 20800/22800/25800 in coming days , view will...
HDFC bank is looking good for a short , short to medium term swing trade , with small SL just above the candle , need breakdown and price has to sustain below supports of 1670, RR looks good and banknifty looks overheated
Banknifty future intraday setup buy above 43350 levels for targets of 43440/43630 , price has to break above and sustain above the resistance , invalid if theres a fakeout
METROPOLIS healthcare ,a good structure of bottom formation with series of higher lows and breaking out of the bearish trendline showing good strength, looks good to be bought above 1300 levels with SL of 1200(7-8%) but has huge potential on upside if idea goes right
TATA STEEL looking good for a short term swing , a good inverted head and shoulders pattern is formed and stock has broken out of the resistance of 108 levels , if sustains above , stock can move towards targets of 113/115 , with SL of 107
A possible bottom formation in the stock in smaller tfs , looks good in terms of risk to reward ratio , can go long with smallest of stop losses
Two scenarios possible in the stock HAL , a possible downmove towards 2660-2670 levels which is a major support zones Scenario 1 : A possible bottom formation at support zones of 2660-70 and stock can resume its uptrend and also towards 3000 levels Scenario 2 : A breakdown of support zones 2660 levels will confirm a double top formation in the stock and can fall...
BANKNIFTY is ready to face major resistance near 41000-41300 zones , a possible downmove can be expected