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INDIGO showing recent day candle formed within the previous day candle i.e inside bar. The price is also near a support zone with the recent day forming a DOJI, so trade the breakout could be in either direction. Long above 1007.55 Short below 984.45 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

tradepurge Updated 

Naukri (Info Edge) has crossed a resistance zone with momentum on daily timeframe, followed by a pullback move having a small range. This indicates an impulsive move may breakout on either side of the recent day candle. Long above 2810.00 TGT: 2844 Short below 2754.90 TGT: 2722 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

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Hexaware made a small ranged red candle inside the previous wide range green candle on day timeframe. Can be traded in breakout of either direction. Long above 325.10 Short below 317.20 Targets: 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

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Britannia formed doji candle on daily time frame and contracted within previous day's candle. The high/low can be traded with a conservative target at the mother bar's high/low range. Long above 3407 TGT: 3442 Short below 3344 TGT: 3306 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

tradepurge Updated 

Asianpaints on 1 hour time frame is trading between 2 important zones as shown in the chart. A break of the lower side of ZONE2 at 1577 could push the price further down following a Bearish ABCD pattern. Furthermore, Fibonacci levels plotted over the last bearish swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those...

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Hexaware on daily time frame has formed DOJI for the last 2 days with the latest candle contracted inside the previous. The doji indicate uncertainty in the price, hence trade the breakout of the inside bar in either direction. Long above 330.05 TGT 1: 335.45 Short below 311.30 TGT 1: 306.55 TGT 2: 300.05 NOTE: Trade with confirmation of momentum & volume on...

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Latest daily time frame candle showing a small body and small range hinting at a pullback. The downtrend followed in the past few days may continue below the the previous low. Short below 2703 TGT 1: 2664 TGT 2: 2615 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

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After breaking through 10100 and 9950 supports, Nifty seems to be in a strong bearish trend. Moving Average crossover on the chart in 1 hour time frame also confirms the same. Nifty has a minor swing low at 9800 after which the next strong support lies at 9600. 9600 levels are also at a 50% Fibonacci retracement of the last bullish leg.

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BERGEPAINT showing a clear pullback move on daily timeframe candle. Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction. Long above 498.40 Short below 488.90 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower...

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IGL showing a clear pullback move on daily timeframe candle. Preceding impulsive red candles with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction. Long above 472.10 Short below 460.95 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower...

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VOLTAS showing a clear pullback move on daily timeframe candle. Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction. Long above 559.1 Short below 544.9 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower...

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WELENT has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 11-06-2020 i.e Thursday. Prices usually tend to correct themselves on this day. Look to SHORT below 69.6 which is just below a resistance zone. TGT1: 68.65 TGT2: 67.65 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

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MGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe. The price is moving along a rising trend line & price is currently at the trend line. The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below. Long above 1014 Short below 991 Fixed...

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HEROMOTOCO on daily time frame is contracting along a rising wedge pattern which is almost about to breakout. Combined with the bearish pinbar candle formed suggest a break of the high or low will give a good move. Long above 2431 Short below 2369 Fixed target: 1% (or the nearest S/R) NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.

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DEEPAKNTR has formed a descending triangle channel in 1 hour time frame over the last few days. Theoretically a descending triangle breaks out downwards. The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown. Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480...

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GESHIP has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 09-06-2020 i.e Tuesday. Prices usually tend to correct themselves on this day. Combined with the DOJI formed on daily timeframe at an important resistance zone yesterday, one can look for shorting opportunities in intraday below 231. TGT1: 225.5 TGT2: 218.5 NOTE:...

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LALPATHLAB has broken out upside after its consolidation in a triangular channel. The impulsive bullish breakout candle is followed by 2 small range pulllback candles thus forming a bullish flag pattern. The structure suggests that the trend will continue in the direction of the breakout. A long entry can be taken at the break of yesteraday's high above...

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DRREDDY has formed a doji on daily timeframe candle with a small range. This combined with the ascending triangular movement over the last week suggests it is ready to breakout. NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.