NBVENTURES | Strong RSI divergence (Lower time frames), oversold in Daily time frame. Bounce and breakout from the falling wedge can give us 25% CMP : 47.50 (Ideal to enter @ 46.50) SL : 44 Target : 58 or exit near the trendline as it is getting narrow. Almost 1:6+ risk reward setup P.S : Trade with very lite position size as the volume history is not stable...
CUMMINSIND | Something interesting coming from this bottom. Big move after closing above 520 as its a long time resistance. But lets capture a small swing before that. I see it has almost 12% to 15% potential in this swing. CMP : 445 SL : 430 Target : 500 1:3 risk reward setup
BANKNIFTY | Looks like losing momentum Aggressive players - Can try shorting near 29550 zone, with small SL. Conservative player can short below the channel. Double Top, RSI Negative divergence - HDFCBANK looks weakening.
MANAPPURAM | Making of Cup & Handle in Weekly time frame. I see some good momentum is building up in Daily time frame. CMP : 161 SL : 150 Target : Open or around 260 (Fib)
INFRATEL | W Pattern and about to take trend line support. Can see 18% CMP : 177 (Buy range 173 to 174) SL : 170 Target : 205
NIFTY | Looks like downside is limited I see RSI divergence is starting to occur in 15 min's time frame. Be careful if you are shorting. CMP : 12740
MUTHOOTFIN | Taking decent trendline support - Looks good for 16% CMP : 1184 SL : 1140 Target : 1384 Almost 1:5 risk reward setup
NIFTY | Waiting for something big ❤ 2 Hours time frame - only concern to go long is RSI divergence in 30 min's and hourly time frame now.
CYIENT | Flag / Cup & Handle - Looks good for 25% CMP : 412 (Buy only 60% - Remaining in dip upto 370 or breakout above 435) SL : 350 Target : 515
GODREJIND | Cute chart from darling Godrej group of company. Looks like a Miniature Flag, nice consolidation near resistance - Hope to see good breakout soon. Potentially can see 9% CMP : 382 (Dip upto 375) SL : 365 Target : 416 Almost 1:4+
M&MFIN | Breakout can give us 24% - Lets consider buying partially here remaining up on breakout or near support zone @ 120 CMP : 126 (Buy zone 120 or 135) SL : 115 Target : 155 Probability to get the dip is high upon touching the resistance. Based on BANKNIFTY 1600+ points rally and Wednesday Thursday volatility. Please handle this trade patiently
HDFCLIFE | Breakout gives hope for another big move Cup & Handle or INHS. Making of all time high 😃 Buy during retracement not at this 665 range. Any dip upto 640 is a good buying opportunity. CMP : 660 SL : 620 Target : 835 (as per fib)
HDFCLIFE | Pull back from good junction point - 12% opportunity CMP : 572 (Can buy upto 565) SL : 550 Target : 640 Clean 1:3 risk reward setup
SUNFLAG | Cup & Handle breakout - Can see 35% CMP : 55 ( Any dip upto 51 is a buying opportunity) Target : 75
EXIDEIND | One more swing for 10% ? CMP : 158 SL : 153 Target : 175, 180 Sort of 1:3 (first target) risk reward setup
MOTHERSUMI | W Pattern + Trendline Support | Can see 10% CMP : 108 Target : 120 SL : 103 1:2.5 risk reward setup
JUBLFOOD | Pin bar @ Trendline support -Lets try a swing for 18% CMP : 2167 (Can buy in dip upto 2125) SL : 2070 Target : 2450, 2540
M&M | Triangle - Expecting breakout and could give us 10% The reason i'm expecting breakout is it has strong weekly support for the last 2 months - Switch to Weekly chart to get more clear view CMP : 595 SL : 580 Target : 655 1:4 risk reward setup