PEL | Channel trendline support - Can capture big trade for 70% After trendline breakout now the price is moving inside the channel CMP : 1692 (Dip till : 1580) SL : 1450 Target : 2700, 2900 May take few months to perform - its a short term pick. We can also take a small swing trade using this channel for 20%
BOSCHLTD | Making higher low + Near trendline support | Looks potential for 30% in short term CMP : 14900 SL : 13500 Target : 19000 1:3+ risk reward setup
SILVERMIC | Trendline support + RSI divergence + 200 EMA Support CMP : 67500 SL : 66000 Target : 72500 1:4 risk reward setup
TATACHEM | Flag range breakout - Looks 50% and above is possible CMP : 812 Support : 700 Target : 1100 For short term we can keep the SL below 780 Since we are in uncharted territory and taking the entry only based on chart patterns / technicals its advisble to hold atleast for 1:3 risk reward
CUMMINSIND | Small wedge breakout opportunity - 11% CMP : 833 SL : 800 Target : 920 Almost 1:3 risk reward setup Similar to our recent JKTYRE setup
NIFTY | Visualizing a Flag pattern - Only hedged and positionals please CMP : 15700 Target : 15585 Target : 16000,16200 August Expiry (Monthly) Buy 15800 CE Sell 16000 CE (or) Sell 16100 CE
IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40% CMP : 51 (Dip : 48) SL : 40 Target : 67, 81 Good for long time also, can hold with conviction.
IRCTC | Breaking ATH level, Trendline support + Channel breakout CMP : 2110 (Dip 2040) SL : 1980 Target : Open or 2350 (Based on Fib) 1:4+ risk reward (Fib target) Similar to CUMMINS chart
GODREJCP | Strong and value stock - Getting ready for 30% CMP : 736 (We are tracking from 670 zone - ref chart is attached below) SL : 680 Target : 970 1:7 risk reward setup - Cane take several weeks to reach target as it is weekly candle analysis.
HAVELLS | Simple Trendline breakout & Kind of W pattern for 17% CMP : 1040 (Dip : 980) SL : 950 Target : 1200 Almost 1:3 risk reward setup
EXIDEIND | Strong Inverted Head & Shoulder - 50% CMP : 178 (Dip : 170) SL : 160 Target : 270 1:5+ risk reward setup
SUNTV | Breakout occuring after long consolidation. CMP : 562 SL : 500 arget : 650, 825, 950 Almost 1:4 risk reward Since it is long consolidation i'm ignoring the first resistance i hope it will be taken out.
TATAMOTORS | Strong demand zone - Still sector is weak CMP : 292 SL : 250 Target : 350, 450, 570 Sector is super weak, just accumulating at this discounted price as stock corrected 20% from recent swing high.
MARUTI | 200 EMA + Trendline support (4H TF) - 15% potential CMP : 7245 SL : 6950 Target : 7700, 8300 1:3 risk reward setup (2nd target)
TATASTLBSL | High potential for long term CMP : 91 SL : 85 Target : 106 But it is highly potential candidate for long run, especially if you see the Monthly TF. I'm taking it for Trading and also for long time holding.
DAAWAT | Triangle breakout - Looks good for 25% CMP : 81 SL : 75 Target : 101 Almost 1:4 risk reward setup P.S : We already holding position from Feb-March month based on Weekly time frame Flag pattern. Just using this setup to average more.
RKFORG | Flag breakout opportunity (Small position size please) - Looks good for 40% Taking based on only technical chart setup - Fundementally slightly weak company as EPS is in negative. Similar to WELSPUNIND, TATACOFFEE patterns. CMP : 642 (Dip : 600) SL : 540 Target : 850
IOC | Nice retracement after Swing High breakout (Dow theory) CMP : 106 SL : 98 Target : 150, 160 P.S : I'm taking it for long time, allocated a small capital. Unless SL is hit i'm planning to hold for 1-2 years