#ETHUSD @4444 - Bouncing inside Darvas Box 4562/3924. Watch out for CLOSE abv 4562
Breakout post 4562 opens up 4865 and beyond into a new trajectory
Extremely strong Floor 3924
Sensible approach - enter on Daily IC-MC DAILY BO retest
Risk : Reward 1: 1.625
#SYNGENE on monthly chart has strong support at 510-460 levels.
510 is the Aug'20 high , which got taken out in Sep'20 with 510 as the Break-out level.
510 was subsequently retested in Oct'20 & post which has not been tested again.
510 should act as support in coming times.
For people holding long, 460 ( on monthly close) should be strict stop loss
#NLCINDIA - favourable risk reward at 65.5 levels
Expect reverse candle shunting to take place, the fall has been halted with appearance of 3 Indecision Candles.
CMP - 65.5
Stop Loss -61 ( daily closing)
Risk: Reward - 4.5: 12 ~ 1:2.6
There are 2 minor resistance zones - 66.8- 67.3 & 69.6-70.1
#UNITEDSPIRITS , #MCDOWELL_N
over the last 30 days ( end-Sep-21 to end-Oct-21), the retest of 815 has been done twice.
815 was the previous ATH reached in Mar-2015.
If the stock continues to sustain above the 815 levels for more time , it can move to next orbit.
#COROMANDEL has been consolidating in 780-860 range owing to lack of clarity in subsidy for non-urea fertilizer and raw material in inflation
Post announcement of subsidy details on 16-OCT-21 the stock should gain strength.
Buy on close above 870 for target 915
#TCS sold off post Q2 results.
Nevertheless remains portfolio grade stock with clear large long term outsourcing potential & extremely conservative management in terms of capital allocation
Entry at 3595-3585
Target - 4000
Stop Loss - 3400 ( weekly close)
Risk Reward - 1: 2
#swingidea #swingtrade #HDFCLIFE has seen a sell-off after registering ATH of 760 on 2-sep-21 post deal with Exide.
It has broken supports at 724/706 and is heading towards next support at 690.
The RSI has come down to 35 a level around which historically reversals take place.
Also, worth noting that for acquisition of Exide Life Insurance - 4% of the...
#COROMANDEL is attempting to break out above its recent resistance of 867 - the resistance has been attempted to be breached 5 times unsuccessfully
A BO this time could see the stock retest ATH
entry - 867
tgt - 922
stoploss - 841
risk/reward - 1:2
Has retested the BO level of 1775 .
A positive momentum candle is yet to appear which is the risk but there is no momentum downward candle this week.
Risk reward 1:2
ENTRY - 400
STOPLOSS - 380
TARGET - 440
RISK REWARD - 1:2
This one could be interesting ahead of Q3 results as 11.6% Aug growth in o/p of eight core was driven by cement sector rising 36.3%
Lack of availability of electronic chip has led to decline of new car sales the demand for #usedcar has sky-rocketed to 20 year highs.
Immediate beneficiary should be #CARTRADETECH #CARTRADE
TGT- 1400 / ( on successful closure above 1420 target is 1500 )
STOPLOSS - 1211 on closing basis
#IGL has seen a stop to downward candle shunting on 29-sep-21 with appearance of first indecision candle.
Reversal of candle shunting can take it back to 580.
Stoploss 500 ( weekly close)
Risk Reward - 1:3