vikramsthakkar

vikramsthakkar

Bullish Flag is in making in NiftyAuto with breakout on close above 12100 Consolidation is likely to happen within range 11650-1170 on downside if these levels hold sooner or later breakout is likely to happen

vikramsthakkar

Strong long term base formed in National Aluminium currently trading @ 87 If gets at lower levels around 80-84 range buy 50% and add further on fall towards 75-77 and hold with 70 stop loss for Targets 100-110 & 130-170

vikramsthakkar

UBL has closed with flag breakout on weekly chart with rise in volume and accumulation in past weeks Going forward strong base formed @ 1020-1070, till holds expect rally to continue towards 1190-1220 Break and close above 1220 will further strengthen rally towards 1285-1365 levels Traders buy in range 1100-1150 with stop below 1070 for Targets 1190-1220 Wealth...

vikramsthakkar

Infy: till 1000-1010 holds expect rally to continue towards 1100-1195-1215 levels

vikramsthakkar

Accumulte Hexaware in range 335-340 stop below 327 Targets 375-385 Add further above 345 CB Rationale: Rally base rally expected with RSI confirmation Wealth accumulators stop loss is 310 for Target 410 accumulate in range 325-340

vikramsthakkar

Below 92 lower targets Stiff resistance@ 93.75-94.20 till not crossed trend to remain bearish Retest of supports @ 91.75-91.50-91 likely Break and close below 91 opens for further lower targets Price trading below key moving average, trend to remain bearish

vikramsthakkar

Stock is trading in lower high lower low formation since Sept16 Last week stock closed with bullish engulf forming higher low on weekly chart Going forward till 410-416 holds which is 20WMA stock will try to move towards 442-450 which is 50WMA. Once stock close above 450-452 on weekly basis will move higher towards 470-472 Close above 472-475 will confirm...

vikramsthakkar

For wealth accumulators Accumulate ICIL in range 117-123 stop below 105 Targets 170-190 Rationale: Ascending triangle @ 78.6% retracement of 51 to 246, Bullish divergence Add further on close above 136

vikramsthakkar

Pharma index has recently shown bullish divergence and moved up from sub 9000 levels to 9400 levels this past week. Past couple of days price has closed with shooting star @ 50DMA & supply zone. Going forward 9170-9230-9270 will act as support, till these levels are not broken expect price to retest 9400-9420 Break above 9420 will further strengthen move...

vikramsthakkar

Going forward support @ 7400-7500, till holds expect rally to continue towards 7700-7900 Close below 7400 negates above view

vikramsthakkar

Pattern within pattern Reliance has been trading within Ascending triangle cum small pennant as marked on charts Interestingly RSI is also in symmetrical triangle pattern Watch out for RSI confirmation of breakdown In case 908-910 is breached expect profit booking upto 895-870 Immediate resistance @ 928-938, till these levels are not crossed expect lower...

vikramsthakkar

Going forward till 77-80 holds expect rally to continue towards 90-95-100 Immediate support @ 83

vikramsthakkar

Going forward till 11100-11200 holds expect rally to continue towards 11600-11700 Rationale: Inverse HNS formation with Right shoulder formed @ 20DMA indicating bullish momentum, RSI breakout confirms above view

vikramsthakkar

Going forward strong support @ 700-725, till holds expect rally upto 795-815-835 Immediate support @ 825-835 till holds momentum will remain bullish Traders buy @ 750 & on dips around 735 stop 725 Target 765-795 Delivery Accumulate in range 740-735 & 720-725 stop below 700 (50%each) Targets 795-815-835

vikramsthakkar

Going forward till 17700-17800 is not crossed expect downside upto 15600-15300 which is 20DMA In case 15500-15600 is breached, expect further selling uptp 14900-14300 which is 38.2% retracement of 5400 to 19900

vikramsthakkar

Going forward till 10490-10500 is not crossed expect retest of support @ 10380-10330 where buyers will again try to take control In case 10300 is broken expect profit booking upto 10250-10220 On break above 10500 rally will gain strength towards 10600-10650 levels Overall as price is trading above key moving averages expect trend to remain bullish and buy on dips adviced

vikramsthakkar

In case 24650 is breached expect profit booking upto 24350-24100 levels Immediate resistance @ 24900-25000

vikramsthakkar

Buy Ambuja cement in range 268-270 stop loss 262 Target 282-284-289 Rationale: Bullish close @ Demand Zone with Bullish Divergence, Rise in volume on hourly chart with falling trendline breakout. Theres immediate resistance @ 272-275 (50DMA & Gap supply, once taken out expect targets to achieve)