Nifty is trading at support levels on weekly charts.
1. If Nifty breaks & closes below the trendline support may indicate loss of upward momentum (from Dec'20).
2. If Nifty breaks & closes below previous swing low of 17613 on weekly basis (previous swing low), it will confirm down trend with targets of around 16000-16200 levels
3. If Nifty closes above previous...
Grasim Industries had broken the upward trend line & trading below resistance of 1473 & making LH- LL formation on daily charts.
Sell Grasim Industries for a target of 1365 for a target of 1365 & SL: 1509
Heranba Industries Ltd had formed good base from IPO lows.
VCP / C&H pattern indicates good accumulation by institutional players, & weak hands moving out of stock.
Had earlier formed a low cheat entry near 740 levels.
Stock is near Pivot point levels of 823 levels. Good move expected on close ab 823 levels on weekly basis.
Stock can be a potential Multibagger...
HDFC November expiry should be below 2210 as per Bearish divergence in daily charts
Sell HDFC 2200CE @ 41
Buy HDFC 2300CE @ 18
Net credit - 23 x 300 = 6900
Breakeven at 2223 levels
Sl spot price close above 2250.
Exit when position is at 80% profit.