Reasons for Buy
1. LT formed inverted Hammer Pattern today on daily charts
2. Support is seen around 1270-1275 Levels which was tested twice before but not broken.
3. Nifty made hammer pattern on daily patterns and is trading near resistance levels.
4. RRR is above 1.5
5. Volumes are very strong.
Risks:
1. Stock is already in down trend
2. 200 EMA at...
Reasons for Sell
1. Eicher formed Bearish Marubozu today on daily charts
2. Next Support is seen around 18200 Levels.
3. Resistance between 19250-19500
4. RRR is around 2 which is good
5. Selling with strong volumes.
6.
Risks:
1. Stock is already in down trend
2. RSI at 26 indicating oversold thus chances of reversal.
Trade is at Confidence level...
Reasons for Buy
1. formed bullish harami/dozi Pattern today on daily charts
2. Good volumes
3. Nifty made hammer pattern on daily patterns and is trading near resistance levels.
4. RRR is above 1.5
5. Volumes are strong.
6. RSI at 22 indicating oversold and chances of reversal.
Risks:
1. Stock is in down trend and may continue the trend if market not...
Reasons for shorting
1. Maruti Suzuki Broke the range today with strong volumes. The level 7175 which acted as support in last two occasions had been broken today.
2. There is formation of bearish Marubozu Pattern on daily charts.
3. Nifty made hammer pattern on daily patterns and is trading near resistance levels.
4. MACD is bearish.
5. RRR is around...
