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stockmitra Pro 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 Pro 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 Pro 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

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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 Pro 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

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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 Pro 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

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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 Pro 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 Pro 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 Pro 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 Pro 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...

stockmitra Pro Updated 

AUBANK in daily time has formed gravestone Doji and the next candle broke the low of gravestone Doji candle and closed below it's low. The price action indicates a short side trade on AUBANK. The trade can be done with risk defined strategies like call bear spread option strategy or put bear spread strategy or short via futures with hedging through call option.

stockmitra Pro Updated 

PERSISTENT SYSTEMS has reached the supply zone with no major retracement move and formed an inside candle with the low of the candle being broken today. A strong bearish candle in the making which is indicating confirmation to go short side trade. Short side trade via put option or short future with buying call as hedge makes sense. SL 4964 tgt 4560, 4460

stockmitra Pro Updated 

JKCEMENT price action is showing double bottom buy signal in demand zone. Looks good buy around 2480 -2550 zone for target of 2800,2990 and 3290 with stoploss of 2180

stockmitra Pro Updated 

GODREJCP showing some buying activity at demand zone and candlestick pattern(kind of marubozu) also indicates of a probable reversal as the 8th March and 9th March 2022 candles have same lows of 660.05. Buying around 700 with SL of 660 for target 770,830

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Nice consolidation in price since October 2021 till March 2022 and now break out. Price break out happened on 29th March after that nice base of 5 days with red candles near the upper breakout range and now a very strong bullish candle in formation. A good momentum buy with stoploss of 230 and target 265, 290. CMP 247.65

stockmitra Pro Updated 

LAURASLAB is in weekly demand zone. In the daily timeframe if a marubozu candle is formed today it will set some bullish momentum. If in the coming days it shows some weakness with small red candles then buying around 475-460 with stoploss of 439 for target of 518,544,570 seems good RR trade.