Nifty positional sell triggered at 9944.25
Nifty positional sell triggered @ 9944.25. Trailing Sl is at 10291.10. As nifty moves to lower levels Sl must be revised.
Buy Nifty 9700PE @CMP for 2x Target & Sl of half the buy price.
Trading psychology & money management is the most important factor in wealth creation by trading.
Buy Infosys at CMP: 718 - 719, T: 739, SL: 702.20
Infosys has formed bullish FLAG pattern in 30 min chart. Breakout above the flag pattern will give a target of 739 levels.
Positional target is 745 & 774 levels as per daily charts with a strict SL of 702.20
Bank Nifty is expected to hit targets of 22500 by Mid-June & 18000 by June end to mid July if it reverses from upper end of the channel.
Medium term analysis
Bank Nifty is forming bearish flag channel pattern on daily charts
Break of lower end of flag pattern 17000 -18000 levels will lead to free fall in bank nifty.
Break above upper end of channel will lead to...
SELL: Positional sell on close below 634.5 on 30min charts
Target: 610, SL: 658
Stock is forming lower high pattern in 30min charts & trading below 20SMA. Wait for candle to closed below 634.5 in 30min chart & sell below the low of the candle closing below 634.5 levels
Coal India: POSITIONAL BUY on close above 150 - 152.80 on daily charts.
Expect targets of 180 levels. Maintain stop loss of 121.
Overall stock market conditions are very important factor in positional calls.
Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436, SL: 378.30.
Medium term outlook: We are expecting 20% upside from current levels, provided market conditions are good. Keep a stop loss of 378.30 to restrict losses in case market corrects.
Buy initiated at 1657. CMP: 1675, SL: 1634.55, Target atleast 100 points around 1757++.
Expecting explosive bullish move as per pattern formed.
Had tested horizontal resistance of 1656.95 twice before upward resistance breakout in Hourly charts.
Historical VIX is decreasing & OBV is increasing. Radico Khaitan had trading above trendline resistance & also trading above 20SMA. It had closed above previous highs 329.85.
Buy Radico Khaitan at CMP of 330.25, Target: 379.85, Sl: 280
Sun Pharma had broken above the downward sloping channel & closed above 462.95 in hourly charts.
Buy Sun Pharma at CMP: 469.4 with 1:1 risk reward. Buy with a SL of 437.25 & Target of 488.65 and above.