CRISIL | Channel support / Swing again, looks good for 16% RSI divergence in smaller time frames - attached in comment section CMP : 1898 SL : 1850 Target : 2200 Almost 1:7+ risk reward setup (P.S : This stock has poor volume, hence be cautious about slippage and violant moves)
THYROCARE | Nice retracement and RSI divergence in smaller TF - Looks good for almost 25% CMP : 988 (Can buy upto 960) SL : 930 Target : 1200 Kind of 1:4 risk reward setup. Similar patterns of HCLTECH, TCS
BANKNIFTY | Small dent in the resistance and closed below the breakout level Lets see if possible for a 250 points put side. Just intraday - Day trading. CMP : 30763 SL : 30900 Target : 30510
NIFTY | RSI mild negative divergence | Doesn't looks bullish not a great time to short too. Expecting some range bound this week. Lets try Short straddle with hedge it becomes Iron Fly - 17/12/2020 Expiry - Credit Statergy - Defined and good risk reward CMP : 13513 Sell 13500 PE @ 101 Sell 13500 CE @ 108 Buy 13300 PE @ 37 Buy 13700 CE @ 36 Premium collecting...
KSCL | Wedge / Triangle breakout with good retracement - 25% CMP : 518 Target : 638 SL : 465 1:4+ risk reward setup.
PVR | Can PVR be next ABCAPITAL for us - Route is clear for 40% Excellent breakout and perfect retracement opportunity. CMP : 1470 Target : 2050 SL : 1370 1:6+ risk reward setup.
PFC | Big potential - Looks good for 25% to 38% - Consider entering during retracement. CMP : 98 SL : 94 (But can considerably keep below 86 - if willing to hold for short term - and buy in dips upto 88 even if this breakout is not sustained ) Target : 115, 121, 132
PFC | Big momentum is occuring again We are already holding the position - can consider averaging or take entry with SL. CMP : 104 SL : 101 Target remains the same as previous chart.
NIFTY - Welcomes to Wed & Thursday volatility world CMP : 13490 SL : 13515 Target : 13420 I see mild RSI negative divergence and resistance is nearing.
PIIND | Trend retracement - Can see 10% CMP : 2255 SL : 2170 Target : 2460
RALLIS | Back into the game and at safe zone now. Looks good for 10% Previous resistance is a support now. CMP : 293 SL : 285 Target : 325 1:5+ risk reward setup.
SUMICHEM | Small risky trade - If worked can see 12% - Good risk reward CMP : 275 SL : 268 Target : 310 1:5+ risk reward setup
EICHERMOT | Weekly strong resistance breakout with Fib & Previous resistance as support now. Looks great for 30%. May consolidate for some weeks. CMP : 2553 SL : 2440 Target : 3300 1:6+ Excellent risk reward setup.
NIFTY @ Channel resistance - Small retracement to 13140 possible? CMP : 13225 SL : 13260 Target : 13140 Risky trade opportunity
ITI | Again another Flag for 20% to 40% Monthly time frame, shows the breakout and proper retracement again. Attached monthly time frame chart below in comment section. CMP : 128 (Any dip to 115 level is a great buying opportunity) SL : 110 Target : 155, 190
Open Interest increasing Flag pattern with breakout is happening with good volume in 30 min, 1 hour, 2 hours time frame. CMP : 858 Enter during retracement of 845 - 850 SL : 810 Target : 1087
PETRONET | Flag formation , looks good for 24% CMP : 256 (Dip till 250 as we have recent Flag support) SL : 245 Target : 280, 315 1:3 risk reward setup for first target (Attached weekly chart in comment section for the second target view)
JUBILANT | Flag / Triangle breakout - Off to No mans land :) CMP : 787 - Use any dips to buy. Immediate target : 1000 which is 25% from current level. I found this stock late after this breakout today, as i'm less focused with small caps. I see this is weak only below 620 level. So incase if any dip can buy at 755, 685, 620 levels. The volume in this stock is...