Sell Nifty on 30min candle close below 11482 Target - 11413, Sl - 11553 (no trade if Nifty trades above 11537.85 before candle close below 11482)
Head & Shoulders pattern in HCL Technologies Sell HCL Technologies @ 710.15 T1: 691.3, T2: 672.45, SL: 729 (Risk Reward of 1:2)
H&S Pattern - Sell @ 1983.70 with risk reward ratio of 1:2 T1: 1950.55, T2: 1917.40, SL: 2016.85
Buy Tech Mahindra @ CMP of 726 Target - 736, 746 SL - 716 (Resistance at 730 - 732.2 Zone) Stock is moving in up trending channel. Expecting continuation of trend after retracement. Trading near trend line & Moving average support.
Hidden Bearish Divergence in HUL Sell HUL @ 2200 - 2205 Target: 2165, 2145, SL: 2234
Lower high & lower low formation in TCS with break of Swing Low Sell: TCS @ 2255.10, SL: 2284.6 Target: 2225.6, 2196
Hidden Bullish Divergence in ACC in hourly charts & stock moving in up trending channel near support Buy ACC @1400, T- 1430, 1444 SL - 1390
Positional Sell on break below 3350 levels with strong candle Target: 3150, SL : 3465 Forming Lower Highs & Lower Lows on charts
3-Bar pattern & Hidden bullish divergence Positional Buy @ 129.50, Target - 144 & above, SL - 114.5 Hidden divergence are strong patterns in direction of trend. Apollo Tyres had formed 3-Bar bullish pattern & hidden bullish divergence on daily charts.
Sell - Asian Paints below 1887.2 Target - 1860 (Bollinger band center line ) Risky trade based on Bollinger Bands retracement strategy
Three Bar Bullish range expansion pattern in ACC . We had a re entry signal at 1423.90 Positional Buy ACC at 1423.90 SL 1390, T - 1453, 1458+
Hidden Bullish Divergence observed in daily charts & stock is trading near support levels of 1385 levels. It is having strong support near 1338. Stock may move downwards as markets are correcting, eventually stock is likely to trend upwards to 1425+ levels. Positional Buy ACC @CMP of 1385 Target - 1425, 1450, SL-1338
SBI Cards and Payment Services Ltd has retraced to support levels of 730. It can be bought above 749.5 for targets of 790 & 820+ levels. Maintain Sl below 720. Aggressive traders can consider buying at current levels of 733.
Petronet LNG Ltd had formed 3-Bar bullish pattern which usually happens before strong swing moves. Expect good positional up move in this stock with first entry above 239.45 with SL of 231.90 & swing target of 10% and above. Stock had also broken trend line resistance in 30min charts & given second entry above 244.80. Buy with a initial target of 259.
BankNifty is moving with a down trend & has taken support at 21030 levels Sell BankNifty below 21027 for Targets of 20550 & 19850, SL- 21620.
TCS can be sold on closed below 2240 levels. TCS has broken upward trend line and trading below 20SMA in 30 min charts. It has also formed lower high pattern which indicates continuation of down trend. Conservative traders can wait for Sell confirmation below 2215 levels
31/07/2020 - Bajaj Finance Ltd had already broken the short term trend line in 30min & daily charts. Sell Bajaj Finance Ltd @3250 with a target of 3130 & 2800 on down side with a stop loss of 3350.
Bharti Airtel is testing All Time High levels & crossed previous ATH levels formed on 2007. It has formed Cup & Handle pattern in weekly charts which indicates huge move ahead. OBV is increasing at a steady rate indicating accumulation by big investors. There may be short term corrections. Buy Bharti Airtel around 550 levels for a target price of 1000+ in 6-9...