NIIT despite giving good results this quarter fell and is taking support at 200 Day Moving average.
Historically it has taken support at 200 Day moving average several times and moved up.
Buy at the current levels.
BHEL has taken support at 38.2% retracement levels it seems.
Also the price is at the bottom of the Upward channel which is a strong confirmation that the price is at an important juncture,
BHEL can now move higher if it respects the upward channel and rebound from these levels.
Go LONG at the current level 135
Bajaj Finance is reversing from the resistance at the 50% retracement levels.
Also it is moving within a downward channel and is reversing from the upward end of the channel.
Logic is to go short for a target at the lower end of the channel.
Target - 950
SL - 1100
SBI is entering a congestion zone and a strong resistance at 265 levels.
It is also taking a support at the 23.6% retracement.
But it may break and go below this to test the 38.2% retracement levels which is at 225.
Go short now. Or can wait till 243 levels to get confirmation that the price is going below the 23.6% retracement levels.
Target = 225
SL = 270...
Heromoto is testing the resistance at 38.2% retracement levels.
Also it has broken the upward channel
Go short at the current levels for a target of 3395 which was the recent low.
Target = 3395
SL = 3526