NIFTY has been consolidating in a range for last 3 days, making a hammer daily candle today. A breakout on the upper side can bring a relief rally and NIFTY can retest 15659 level in coming days. On the lower side, if there is a breakdown of 15183 levels then NIFTY can test 15000. Learn & Earn, Dr. Tanya Kumar
The stock is testing it's 1 year old trendline and has made a double bottom pattern. 4440 is a strong support/resistance zone. Buy above 4440 on closing basis for positional 3-5% upmove. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop...
STAR fell from 1000 levels and recently mada a low of 263. Now it's coming up to test it's 6 month old trendline and crucial support and resistance zone. Buy above 337 levels intraday for 0.75-1% move. Positionally buy above 342 level on closing basis. Targets would be 348, 359 and 368. Disclaimer: This idea is for educational purpose and kindly buy as per your...
The stock has given a 3-month old trendline breakout and close above 20 EMA. It's making an ascending triangle pattern and testing it's strong resistance zone. Buy above 105.85 level (intraday for 0.7-1% move) and positional for 3-5% move on day closing basis. In case there is rejection from the level due to weakness in BANKNIFTY then don't carry the...
The stock is coming to test it's ATH again after 3 previous rejections. Buy above 682 level for further upmove. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis. Learn &...
The stock has given a trendline breakout and looking strong. Good at CMP for intraday. If it closes above 2640 - can be a good positional pick. Learn & Earn Dr. Tanya Kumar
The stock is testing it's one year old support trendline and looking weak if breaks and sustains it. Sell intraday below 1781 level for intraday target of 0.75-1%. If the stock gives a closing below 1700 level one can carry a short position for targets of 1625 and 1550. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management....
The stock has been consolidating in a range for a month and now getting ready for an upmove. Buy above 43.5 (day closing basis only) for a positional target of 50. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and...
The stock has given a falling wedge breakout with a strong closing. Buy above 144.3 level for positional 4-5% more upmove. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing...
The stock is testing it's 10 months old trendline and looks good above 570 levels for both intraday and positionally. Intraday buy on confirmation of 5 minute candle close for 0.75-1% intraday target Positionally buy on day closing basis for 3-5% move Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always...
Earlier I had posted a NIFTY idea on 14th May that NIFTY was at a make on break situation. It bounced from the lower trendline and gave an upmove. Now it has faced rejection from 200 EMA and gave a weak closing. SGX NIFTY indicates a gap down for tomorrow. Scenario 1: NIFTY can retest 16400 levels (fill one gap till 16371) and bounce from there. Scenario 2:...
The cement sector is showing weakness and most cement stocks are at their breakdown level. Sell below 5610 level for intraday 0.75-1% move and positional for a target of 5330. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is...
The stock is testing it's 4-year-old resistance and has given a bullish engulfing weekly candle. Buy above 71.45 level for further upmove. Possible targets are marked on the chart. There is a possibility that it might retrace before breakout so just keep on radar for coming days. Disclaimer: This idea is for educational purpose and kindly buy as per your risk...
The stock is consolidating in a range for a month now. Today good volumes are there. Keep on radar above 80.9 level. Intraday can give 1-2% move. If closes above the trigger can give a positional 4-5% move. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict...
The stock has a very repetitive pattern - has been traveling in an upward channel for last 2 years. Volumes are good lately and has been consolidating for almost 2 months now. Scenario 1: If it breaks the upper channel we can expect 7-8% upmove Scenario 2: If it fails to sustain the upper channel trendline and takes rejection, it can retest 1015 levels...
The stock has made a double bottom pattern and given a trend line breakout with volume. Buy abve 624 level for another 3-5% upmove. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day...
The stock is making a cup and handle pattern and looks good positionally above 236.5 level for short term 5-10% move and mid term target of 270 and 295. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry...
Yesterday NIFTY gave trendline breakout and filled a previous gap. Now it can come down to fill the lower gap as well as retest the trendline. Levels marked on the chart. Learn & Earn, Dr. Tanya Kumar