tanaynaff15

tanaynaff15

Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance. Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises....

tanaynaff15

Maruti is trying to prepare for its move. Every retracement coming upper levels is higher than the previous. Bulls are alive and have been accumulating this stock at the lower levels. Maruti could potentially have an ascending triangle breakout. The previous one has been turned into a failure. Keep this stock on your watchlist for trading and investment.

tanaynaff15

Nifty has successfully trapped bulls and bears in this recent week. The range of 18050 - 18220 seems to be quite narrow and with the Vix rising up, Nifty is likely to expand in some direction. Watch out and stay safe in this volatility.

tanaynaff15

Bharti Airtel, unlike its nature, is stuck in a very narrow range. If it had to go down, it would have happened by now. But the fact that it is holding its upper levels is a very positive sign for the bulls. Plus, it's available at a very attractive RR, 680 should be the stops, and targets should minimum be a new high. Watch for its price action early next week to...

tanaynaff15

Hero looks very attractive at these levels. Fundamentally sound company giving us a good price action to go long on this stock. This a set up I will prefer. Why? Because even if this goes wrong I won't feel bad. A very small SL of 63 points (2700 or 2713). Another indicator confirmation - Bullish divergence on a Daily timeframe. This is a weekly chart.

tanaynaff15

IGL is back towards its support and we can clearly see the demand for the stock at this level. SL's should be placed right below the last swing low in formation, i.e. 535-537, keep on trailing your stops for a good momentum on the upside.

tanaynaff15

SL - 1582. Good, RR.

tanaynaff15

NIFTY has been moving in the channel shown, respecting the trend line both ways. There could potentially be a fall before we move higher once again. BUT, NIFTY is taking great support @15040 levels which needs to be respected. NIFTY has also been testing the resistance @ 15130-15140 levels which happens to be the top of the trend line. Watch the price action carefully.

tanaynaff15

Divergence on the price suggests the momentum could be subsiding. Do your analysis before shorting.

tanaynaff15

Maruti has been in a range, making moves on both sides. But, 6400-6500 remains strong support for Maruti. A breakdown on the downside could trigger a selloff. Conversly, if taking support on 6420-6400 , we can witness a small upside in Maruti. Wait for a volume confirmation to achieve a strong target of 600+ points.