United Spirits 1035, given breakout on daily weekly basis to make all time high. Momentum will continue till 1070,1120 and 1150 levels. Keep stop below 990 on weekly closing basis
Rane Holding 940, after breaking out of DARVAS BOX at 700 range is now making Inverse Head and Shoulder on Daily charts. Stock is likely to deliver 2x returns in next 12 to 18 months. Keep qty low and look for big targets
BUY CONCOR 675, till 658 for target of 690,720 and 760. invalid below 655 on closing basis. Stock has given comfortable closing above 200 ema and all pse stocks are roaring higher.
good rounding bottom happening on daily and weekly charts. Buy above 990 on weekly closing basis for 1300 to 1600 in medium term. After breakout keep stop below 870-880 range on weekly close. Fundamental are good in this small cap spirits and ethanol play
BANKNIFTY should test 44400 to 44500 range to fill the breakout gap. Weekly gravestone doji has confirmed the move. 25EMA is also placed near this region which holds lot of support.
Buy ABCAPITAL 198 till 160 for 230/250/275. Invalid below 150 on weekly closing basis Rounding structure with good price volume action continues.
BKOFBARODA near all time high resistance area where leading technichal indicator showing divergence on daily and weekly charts. Above 204 one can buy for 210 to 225 and then it will be in blue sky territory
Buy JSWSTEEL above 795 weekly breakout for 850/875 and 920. After breakout, stop loss should be maintained near 760 range. Several times getting resistance at 790 levels and price volume action breakout awaited
Short ICICI BANK June futures 941-945 for 935/930/923. Keep stop above 949-953 range. Positionally we can see 880 in ICICI bank. Perfect rounding top happening at all time highs with breaching 25ema. Volumes indicating distribution happening.
BUY TATA CONS, 725 till 700 for 750/775 and 805. Invalid below 685 on closing basis. Stock after making double bottom has given breakout.
Buy BATA INDIA 1430, for 1480/1500/1530. Bata india formed dragonfly doji on weekly charts and bounced from there. MACD showing fantastic bullish divergence which is apparently for stock to go for bounce back trade. Invalid below 1380 on closing basis
Buy Dr Reddy lab 4989, till 4800 for 5300 to 5500. Invalid below 4690. Simple continuation pattern heading towards all time highs
CUMMINS INDIA after results has dropped with volumes. Double top at 1700 is in making, just waiting for 1530 levels to breach where double top breakdown will happen. A conditional sell
Buy RADICO 900-950, for 970,1020,1040. Perfect rounding bottom happening. Invalid below 890 on closing basis
Buy Banknifty (spot) till 42600 levels for 43600 to 44100. Technical breakout after 41700 suggest that 43700 to 44100 should be there. Invalid below 42400 on two day closing
BUY NNIT LTD 375, till 340 for 420/480 and above. Good rounding bottom happening on daily charts with golden crossover happening. Invalid below 330 on weekly closing basis.
BBTC (W), 1009 is looking good to breakout from weekly consolidation channel. BBTC just crossing 200 wema at 1025. Target 1250 to 1380 in medium term. Buy above 1030 is better. Invalid below 875 on weekly closing basis. Big weekly breakout with volumes happening.
IGL, 425, making inverse head and shoulders pattern where breakout will be above 440 closing. apart from H&S, cup and handle is also there. Target will be 475 to 490 range. invalid below 410 when trade is active