Bullish close @ Demand. Nifty repeating history with price falling nearby same % within 9 days Going forward till 9680 holds expect retracement upto 9920-9950 where sellers will try to take control Sustainable upside will come only if break and close above 9950 If fails to sustain above 9950 then resume of downward trend With gap up today, break above 9830 with...
Coal India: Right Shoulder formed @ Falling Trendline Support Volume participation seen with 20DMA crossover 50DMA Breakout on close above 265 Reversal 245
Dowjones(22300): #-veDivergence Going forward till 22450 is not crossed expect retest of 21900-21800 Sustainable downside will come on break and close below 21800 only....
Banknifty HNS breakdown Followup close below 24000 opens for lower targets 23500-23200-23000 Reversal 24400
Nifty(9872): Close below Megafone support.... Going forward till price trades below 9950-9965 trend will remain weak Break below 9810 with volumes will open for further downside towards 9710-9680 If 9810 manages to sustain then there will be relief upto 9950-9965 With 23.6% retracement of 7890 to 10178 @ 9640, expect 9640-9680 levels to be short term bottom and...
Buy Federal Bank on close above 120 Stop 115 Targets 125-132 Breakout with volumes
Exide: Add more on close above 229 with revised stop 215 Targets 250-270 Rationale: Higher low formed @ 215 within megaphone, high volume with rise in price against drop in volume while price going down, price above key MA
Nifty:#BullishGapUp Followup close above 10175 opens for further upside towards 10230-10380 Going forward 10130-10085 will be supports to look for. Bullish momentum will be intact till these levels are not broken With short term Moving averages trending up, trend will remain bullish and small corrections should be used to create long positions till 10000 is intact
Close above 162.50 Breakout reversal 157
Buy Mcdowell @ 2610-15 stop 2550 Target 2770 #Breakout
Buy Bharatforge stop 1175 Target 1250-1350
Buy Escorts @ 675-670 stop 653 Target 710-730 Triangle cum trend line breakout with volume
Cup & Handle Breakout above 188 Target 205-215 Stop 180 Rise in volume
CAC: 2 close above channel resistance will confirm breakout Support @ 5110-5080-5050
Petronet : Buy @ 236(50%) & 230(50%) stop 220 Target 258 Flag Breakout with rise in volume
Stock @ Rising Wedge Support with 20DMA & Demand Zone 500-508 If sustain in coming days then will resume its up move towards 545-555
USDINR: Pennant breakdown Continuation pattern Target 62.85 Reversal above 64.30 Trade short stop 64.10
Gold close with shooting star @ Rising channel resistance With momentum oscillators in overbought zones price may see consolidation before next leg up Going forward if price breaks below 1340 profit booking will come upto 1325-1300 from where buying is again likely to resume with 23.6% & 38.2% retracement coming @ 1320 & 1300