Lauras Lab 545 making head and shoulders pattern on daily charts. Pharma pack very weak. Short Lauras Lab till 570 for target of 535/520 and 515, Below 510 levels breakdown we can see 460 levels too.
Buy ABFRL FUT 234-240 for 248/255/260. Invalid below 228 on hourly close only. RSI below 30 showing oversold levels. ABFRL available near multiple trendline supports levels.
SHORT IEX 185-195 for 175/170 and 150 levels. Sl near 202 levels on closing basis. IEX has witnessed DEATH CROSS and necessary bounce done for fresh selling. Valuations are now coming to reasonable levels
IRCTC is clear cut in bear territory with expensive valuations. Good time to short after decent bounce. Short IRCTC june or july future till 660 for 600/575 and 550. invalid if IRCTC stays above 690 on two day closing basis. #positionaltrade
MASTEK (W), perfect tripple top formation breakdown happening at 2450 range. Tripple top formation done at 3350 range. Next buying range evolving at 1550 range as tripple top breakdown target plus 200ema (weekly). Invalid if mastek reclaims 2550 plus range.
Buy Ajanta Pharma 1768, till 1730 for 1810, 1850 and 1900 range. Perfect accumulation with bullish crossover on technichal indicators, MACD, EMA. Invalid below 1700 onclosing basis. With Nifty fallen 1000 points but it is getting accumulated.
Bitcoin, BTC, weekly charts are showing H&S pattern with regular decreasing volumes. BTC now at big support of 30000 mark. With present situation BTC will soon crack to 15000-16500 mark as riskier asset are going to be under pressure.
Oil india (W) charts has given 7yrs breakout above 260-270 range. Buy on dips for 330/350. invalid below 250 on weekly closing basis. Oil is in blue sky zone for longer time
BUY TORRENT POWER FUT TILL 440 FOR 475,490. INVALID BELOW 435. Stock has tested resistance after completing rounding bottom with volumes.
Buy Banknifty till 35200 for 35850 and 36150/36500. Above 36600 we can see 37200 and 37500. Invalid below 34850-34900 range on closing basis. Steps to reduce inflation will benifit to financials. Strong set up in Banknifty
Nifty is in clear downtrend with sell on rise. Nifty above 25ema will gain some strength above 16400 breakout. R1 R2 are strong resistance at 16600, 16800. while support S1,S2 at 16000,15750 on daily and weekly timeframe
JUBILIANT FOODS, 516, has given breakout from 21 ema with double bottom formation on daily charts. Buy for target of 632/660. Invalid below 498.
MPHASIS after making tripple top is on verge of breakdown. Short MPHASIS for target of 2700/2600 and 2450. Invalid above 3080-3100 closing.
H&S pattern breakdown in Vedanta below 398 levels. Target is 375/360. invalid if stays above 406 levels. Price breakdown supported by volumes too.
SHORT APOLLO HOSP. below 3950 levels for 3700/3600 and 3450. invalid if sustains above 4100 levels. Apollo hospital at support levels of 4000 on daily and weekly charts.
HEAD & SHOULDER PATTERN formation on weekly chart is there. Short below 3950 on sustained basis and look for 3800/3700 and 3500. Volumes are continuosly increasing on sell side so stock can move down to 3000 too in continuation bearish trend. Short trade invalid above 4050 on weekly closing basis.
MCX silver forming a bullish flag. Buy between 57500-59500 for 63000 to 66000. Stop loss below 55400 on closing basis. Volumes are not supporting on either side that is case looking in MCX Silver and MCX gold
NIFTY IT index, weekly, charts are showing support coming at 24500 to 25700 range. Valutions in tech stocks are at lucrative levels. Also RSI of index is highly oversold.