looks like Glenmark is on verge of long consolidation breakout....just wait for the direction. Huge movement possible. Keep track
Double rounding bottom breakout in Berger paints Ideal entry is near 835, Target 865. SL 820
Medium term investing - Clean breakout on Pratap Snacks weeklhy charts. Stock is breaking pre-covid levels with huge increase in volumes. Ideal entry zone 750-725. Target - 940, 1000. SL - 660 on closing basis
Long HDFC bank....Ideal entry near 1525 level.....Target 1560, 1590 SL 1495
Re-entry opportunity in PVR. Reversal near support and 38.2% retracement level. Made a bullish candle stick pattern of Thrusting line. Long PVR at 1360. Stop loss 1318 on closing basis
Nifty is exactly at support levels. If nifty crosses todays low of 15665 then sharp selling can be seen. Long position only if nifty sustain above 15735.
Sell below 747 Target - 729, 705 SL 765
Buy above 734 Target - 760, 775 SL - 710
Nifty opened gap up today and then moved up consolidated for some time then fell down. if Nifty open gap up or flat then it would be highly probable that it will be range bound. Range would be 15825-15700. If nifty opens gap down say 40-50 points then it will be volatile. Wait for price action on 10mins or 15 mins charts and then trade accordingly.
Nifty traded in a downward slopping channel today. And reached near the support. If nifty opens flat or slightly gap up and breaks the channel upside then go long - if it crosses 15850 then it can retest recent high. If nifty opens gap down wait for price action and go short if it crosses 15775 with half qty only
In Friday session, Nifty has shown good strength despite no participation from heavy weight stocks like Reliance, HUL, TCS but there was good rally in banking stocks. Nifty has slowly reached the resistance level of 15875-15900. Would be very difficult for Nifty to cross this zone without heavy weights participation although pattern is strong, it might consolidate...
Go Long if 15min candle closes above 15840. If gap up wait for 15840 levels. If gap down or breaks the trendline then go short.
Sell nifty if breaks today's low of 15670. Long only if, it breaks the above trendline or above 15775 level. Monthly expiry and Reliance AGM - market could be volatile.
Possible retracement on Mc-Dowell charts. Sell below 655 Target - 640, 625
Nifty trading strategy for tomorrow Nifty looks positive as today's fall seems like retracement only. Nifty closes near support range 15770-15740 and near 61.8% Fib retracement level. Multiple supports on downside. If nifty open flat or gap up, initiate long if 15 min candle closes above 15800 with SL - 15750. If nifty opens gap down wait for initial hour for...
Target - 2405, 2440 SL - 2295