MRF moving within parellel channel; probably going to reverse back after touching the upper limit of the channel; Target 1 .. 104000 .. approx 4 percent by Sep end. Further targets of 102000; 100,000 possible by Sep-Oct
Tata motors is quite overbought; it has reached the targets given by brokerages, all set to correct in coming few weeks. Today inverted hammer candle has formed on daily time frame. Short Tata motors for targets 630, 600, 580 within 1-2 months
Positional target of atleast 4740 (2% approx) is imminent. Further targets of 4700,4650 possible within 1-2 months.
Over bought condition on daily and weekly time frames. Auto sector headed for correction. Short for targets 250, 240 and possibly more in 1-2 months
Short banknifty at current level of 43300 approx . First target 42700 . Second target 42300 by may end or max June.
Short ICICI Bank for positional targets -1, 925; 2. 900,; 3.850 by July Expected breakout of triangle pattern before 6 June; most likely on the downside considering banking sector has a correction in the waiting.
Auto sector has almost peaked. First target 4400 (2-3 % ) ; second target 4300 by June end . > 90% probability .
Positional targets as told. Icici bank is a shorting opportunity right now rather than a long opportunity. Broken lower trendline already .
Profit booking expected in eicher after it has moved 6% up ..overbought condition
Short Tata motors as per trendline shown -- Target 423 in coming 2 weeks. Stop loss 455 upper (trendline) its movement is expected to parallel Nifty, if Nifty gives breakout on upper side then Tata motors will too. But more chances are that it will go down from here and so will Nifty
Short Indus IND Bank. Target 2-3% within 1 week. Moving between trend lines as shown
Reliance to touch trend line soon . Target 2450 NSE:RELIANCE