thechama3

thechama3 Updated 

One may sell ONGC on rise as it might have halted for a day or two. Keeping 157.3 as SL , sell it for target of 151.

thechama3 Updated 

One may sell NCC on rise for target of 95.3 and SL of 100.8.

thechama3 Updated 

One may sell Raymond on rise with SL of 840 and target of 795. A sell on RSI indicates that a distribution might start that eventually culminates into a fall in price.

thechama3 Updated 

With the price movement and the pattern confirmation one might fee that MRF might bounce back in the short term. One can slowly start nibbling in small quantities with a target of 59950/ 61250 with SL below 53000. There is a high possibility we might have caught MRF at the bottom of this downtrend.

thechama3 Updated 

One may sell India Cements on rise with a SL of 100.6 wit targets of 94/92.

thechama3 Updated 

PNB temporarily has halted it upmove and hence one can short it for a target of 81 with SL of 84. Sell on rise for a better R-R

thechama3 Updated 

One can sell Sail on rise with SL of 57 and target of 54.7/ 53.8

thechama3 Updated 

One may sell IOC on rise with SL of 157.6 and targets of 153.2/ 150.5 . A retracement on the downside may be on the cards.

thechama3

Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might...

thechama3 Updated 

Buy Nilkamal with a SL of 1200 and a target of 1480. Suggest to buy on a dip for a better Risk-Reward. Short Term. RSI shows a change in trend and has shown a reversal from the oversold region. Adjust trading volumes as per entry price. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial...

thechama3 Updated 

One may buy Hindalco on a dip with SL of 188 and target of 200/203.3

thechama3

Jindal Steel has reached the upper end of RSI and moved below the level of 70 on RSI indicating a potential move on the down side or distribution at higher levels. One might get a move up before it starts moving down. Temporarily the up move is over and one may want to enter on a dip.

thechama3 Updated 

Apollo Tyres on a weekly chart has taken support at levels of 192-193 and has bounce back giving a divergence on the RSI from a oversold region. The MACD also is showing convergence. A major part of the move has already taken place from 193 to 220. What needs to be seen is as to how far would this upward move go with Fibonacci retracements placed at 224.5, 235...

thechama3 Updated 

Vedanta might move towards 176.7/185.4 in the short term. A buy on dips strategy recommended for a better risk reward.

thechama3 Updated 

It is higly likely that in the month of March, Nifty might not breach 11150 and hence one can sell 11150 call and eat the premium. One can also trade on weekly Nifty options and can apply the same strategy. Also there is a chance that nifty might take out the low off 10585 that it made in the month of February at some point in the month of March. Hence the...

thechama3 Updated 

Wipro might breach 360 on the down side in the month of march and might not move above 390. Hence one can sell wipro on rise or can sell a 400 Call option and hold it till the end. If one is risk averse , he can sell calls that are a tad far away for safety. Else one can buy a 380 put once there is a bounce in Wipro and hold it till 360 is breached. As time plays...

thechama3 Updated 

Sell TorrentPharma on rise with SL of 1840 and targets of 1757/1747. Adjust volumes as per entry price.

thechama3 Updated 

One can buy Tatasteel with a SL of 489.5 and targets of 517/541. Metal stocks are showing some strength and a short term bounce cant be ruled out.