stockmitra

stockmitra Updated 

ABFRL looks attractive buy in the demand zone in the price range of 236-237 with SL of 225 for target of 245,252,257

stockmitra Updated 

DRREDDY showing weakness after taking out short side stoploss so looking to short around 4518. Looking forward expecting price moving down towards 4444 and 4380 with trade invalidation on close above 4565. Bear put spread is my preferred way to enter short as the overnight risk is defined.

stockmitra Updated 

Shorting HCLTECH through put bear spread with SL of 1157 for target of 1085 at current level of 1128 logic is breakout failure.

stockmitra Updated 

Buy in Reliance as the major swing has been broken and the prices instead of sustaining downwards quickly bounced inside the price range. Buying around 2328 and SL 2293 possible targets 2424, 2468, 2546

stockmitra Updated 

ICICIGI looks good buy around current level of 1136 with SL 0f 1106 as the stock has thrown out most of the early dip buyers. Target 1179, 1209 looks possible in Feb to Mar.

stockmitra Updated 

Bullish in Titan as weak quarterly earning report caused sell-off. The price was in a Demand Zone and has thrown out weaker hands. Looking bullish trade around 2368.40 with SL of 2269.60 for target of 2542, 2598

stockmitra Updated 

GRANULES looks a good buy as bull flag break out happening in Daily chart with decent Volume, so a Rally-Base-Rally is expected in this stock. The stock can give a target of 399 and 448 with stoploss of 310. CMP 344. Time for the trade to go first target 15 days and second target 30-45 days.

stockmitra Updated 

LICHSGFIN looks good buy as it has support at downward sloping parallel channel and has given breakout of inside candle pattern. Buying around 300-307 with SL 290 for target 324,339

stockmitra Updated 

ABBOTINDIA buy with multiple reasons - 1) Bounce from Demand Zone forming a Bullish Marubozu candle 2) Trendline support 3) Bullish strength even though Nifty gapped down and closed forming doji candle Going long around 16500-17000 with stoploss of 16000 makes sense for target of 18000 and 19000

stockmitra

Seeing the history of correcting 83% from peak then 72%,56% and now I see a correction of 85% before BITCOIN starts it's upward journey. Thus according to my analysis after expected correction of 85% from peak demand zone for buying comes in the zone 12065-9825. Let's wait for 12065-9825 and see how the price reacts. No long trades before this level.

stockmitra Updated 

Multiple reasons supporting short trade in RELIANCE 1) Supply Zone 2) Bearish Inside candle pattern breakdown confirmation by today's close. 3) Pending imbalance Target 2642 SL 2818. Good entry around 2742

stockmitra

Multiple reasons supporting short trade in HAL 1) Upper channel resistance 2) Bearish Inside candle pattern breakdown confirmation by todays close. 3) Almost vertical trendline break target 1736 SL 1942

stockmitra Updated 

JINDALSTEL short trade looks worth considering as after a parabolic upside move it has come out of trendline and formed an inside candle with break down on the lower side thus indicating short trade below 545 with stoploss of 571 and target of 520,465

stockmitra

HDFCBANK long trade on multiple reasons supporting it 1) Bounce from Demand Zone 2) Bullish candlestick pattern like morning star 3) Rs 15.5 Dividend on 12th May 2022(Ex Dividend story has different implication kindly consider that)

stockmitra Updated 

ADANIENT made a parabolic up move since March 2022 and formed two Bearish Harami patterns at the top and today price sustaining below the mother's low(2325,2301) of both the patterns. Also the channel has been breached. This makes it a high probability short setup around 2325-2301 zone with stop loss of 2425 for target of 2201, 2101. Look for retracements to enter...

stockmitra Updated 

INDIGO has bounced from Demand Zone and formed inside candle pattern and has given breakout on the upside. Buying above 1927 with stoploss of 1843 for targets of 2020,2160 can be done with hedged fno strategies.

stockmitra Updated 

ICICIGI has given breakout of inside candle on the upside with increasing volume. Looks good buy for a target of 1460,1520 with stoploss of 1330

stockmitra Updated 

AMBUJACEM has formed an inverted hammer a rejection candle in the supply zone and at trendline resistance. The next candle has closed below the inverted hammer candle thereby triggering a confirmation for short side trade. A short side trade with risk defined hedged fno strategy can be a good idea. A close above 380 will invalidate the idea. Possible targets on...