ITC is moving in a range (200-220). One may look to short it at 220.
Kotak Bank is at resistance line. If it breaks, one may see higher high in coming days.
National Aluminium is trading on the support line and may go upwards till 80.
Britannia retracing from the 0.786 level also reversing from GAP area which was formed on the 23rd of September. It has also reversing from the support line. The stock may be bought in the range of Rs 2,940-2,960 for targets of Rs 3,100-3,250, and keep a stop loss below Rs 2,840.
Nifty trading in an upward channel and is bouncing from the trend support line.
ITC is in rangebound between 270-280 from the last month and is expected to be in the same range for this month too. we can execute Butterfly Spread in ITC if we are expecting the same range. The following contracts need to be taken to execute the strategy: ITC JUL 25 2019 Call 280 2400 2.3 ITC JUL 25 2019 Call 275 -4800 4.1 ITC JUL 25 2019 Call 270 2400...
Price is in string downtrend and it is trading lower. Price breaks down from a two-week consolidation with a long widespread bar. The momentum is accelerating on the downside. Sell for a decline to 395. Sell at: 424 Target: 395 SL: 435
ITC has been consolidating in a tight channel for about five weeks and is near a breakout. It is also seen in the last many budgets that traders build short position ahead of the budget day, anticipating more tax on the company and cover their position on the day. A similar sharp move above 279 is expected to take stock to 288/304. Buy Price: Above 279 Target:...
Price shows a bullish inside-out pattern and we see price breaking out of a falling trendline again a bullish development. On the lower time-frame, we see a bullish Gartley pattern. Buy at: CMP Target:1540 SL: 1480
IndusInd Bank is moving up on a high volume candle and looking bullish. It has broken the downtrend sloping trendline and will be a good buy above the pivot at 1485. Buy at: above 1485 Target: 1568 SL: 1450
Price completes a classic 5-wave Elliot wave count sequence and reverses from the low. MACD histogram shows a near perfect positive divergence. Buy at: 573 Target: 615 SL: 552 Holding Period: 5-6 days
Nifty taking support from the support line which is also neckline of the H&S. One can long on Nifty future. Small traders can buy 11800 CE. Buy at : CMP Target : 11800-11925-12100 SL : 11625
Price takes support at previous swing high makes a series of Dojis and then there is a long green candle. This trend is also confirmed by ADX. Buy at: 260 Target : 270 SL : 255
Federal Bank is showing relative strength in this weak market and will shoot up as soon as the market stabilizes. But At : Above 107.5 Target : 116 StopLoss : 103
Ultratech cement breaks below a consolidation pattern with a widespread price bar closing near the low price. Notice the break in the rising trend line which also adds to the bearish scenario. Short at CMP : 4502 Target : 4350 StopLoss : 4574
Flag pattern in the Siemens. Wait for the breakout. If it breaks up, go long with the previous candle low as SL. If it breaks down, short it with previous candle high as SL.
Indiabulls Housing Finance has created a bullish engulfing candle on huge volume amidst a move driven largely by the fundamental news. Buy at: Above 695 Target1: 734 Target2:796 StopLoss: 657