BANKNIFTY | RSI divergence - Looks good to go long - Only intraday CMP : 29250 SL : 29140 Target : 29700 or (Risk x 2 times atleast)
HAPPSTMNDS | Taking support repeatedly- Good risk reward for 12% CMP : 313 SL : 305 Target : 350 1:4++ risk reward setup
BAJAJHLDNG | Similar to TITAN chart, 14 months of price consolidation (Blue line channel) then Corono fall, now recovered and sustained last 5 weeks inside the zone. Potentially good for 25% - weekly chart - May take few weeks to month to reach the target. CMP : 3080 (Dip till 2920) SL : 2820 Target : 3800 Almost 1:4 risk reward setup
BANKNIFTY | And the game seems to be continuing - Taking support in decent channel. CMP : 30550 SL : 30420 Target : 31000
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