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
The stock has given a falling wedge pattern breakout and given a strong closing above the upper trendline and all EMA. Buy above 38.5 level (on day closing basis) for positional target of 40.85. 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...
The stock has given 9 month old trendline breakout and given strong closing above 100 EMA and trendline today. 200 EMA is a strong resistance right now. If the stock gives a closing above 200 EMA (611.5) level it can give another 4-5% upmove from here. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always...
ABBOTT India has a strong lower 2-year-old support line. Every time it comes here, buying is seen. In July 2021, ABBOTT gave an ATH breakout and made a new ATH. After that it has pulled back to the lower support zone and tested it multiple times. Now it has sustained to close above all EMA and getting ready for an upmove. Buy above 18400 level for first...
Greaves cotton has a strong 14-month-old support zone from where it has taken support for the sixth time and is now testing its 4 year old S/R zone. If the stock gives a strong closing above this zone, we can expect a further upmove. Buy above 160 (day closing for positional, 5 minute closing for intraday) for intraday target of 1-2% and positional targets of 165....
There are multiple bearish patterns in HCLTECH chart: 1. It made a double top pattern but zone 1 acted strong and it gave a bounce and made a lower swing high. 2. It has given a breakdown of it's 18 month old lower strong support trendline and kept consolidating in zone 1 after the breakdown. 3. Yesterday it got rejected from the trendline and 20 EMA and today...
Gold futures have retested a strong support and resistance zone and also breached a short term S/R zone. Looking good at CMP 50415 - safer above 50,600 for positional targets of 50945 and 51250. Learn & Earn, Dr. Tanya Kumar
The stock has broken its 14 year old trendline and closed above it. Looks good above 445 for positional targets of 467 and 485. Once 485 is also broken it can move towards 530 levels. There are still 2 days left for candle to complete therefore idea negates if day closing candles are below the trigger. Disclaimer: This idea is for educational purpose and kindly...