diteshnarang

diteshnarang

NSE:BAJAJ_AUTO Making Higher High & Higher Low on weekly chart. Stock is suppose to bounce back from recent swing lows which is around 200 Day EMA. We are recommending to buy stock around 3850 levels with Stop Loss of 3700 for the target of 4300 which near previous swing high.

diteshnarang

NSE:POWERGRID is making Higher Highs and Higher Lows on daily charts. Stock is trading above all moving averages. Stock has also given all time high breakout of monthly charts. One can initiate long position around 236-238 levels with Stop Loss below 228 (Closing Basis) with Target of 250.

01:17

diteshnarang

NSE:BANDHANBNK is weakest bank among the all Banks. It is making lower top lower bottom on hourly charts. One can create short position around 337-340 levels with Stop Loss of 354 for Target of 306. Risk Reward for this trade is 1:2.

diteshnarang

EURUSD has formed Head and Shoulder pattern on hourly chart. One can go short around 1.1710 with Stop Loss of 1.1740 for Target of 1.1660-1.1620 in next 10-12 trading days.

diteshnarang

NSE:CENTURYTEX has made CUP N HANDLE pattern and it is about to break neckline of the pattern on Daily Chart. Stock has recently made Higher Bottom and it will going to make Higher Top soon. ADX & RSI has just recently given positive crossover. We are strongly recommending Buy above 321 level with Stop Loss below 290 on closing basis with Target of 380 in next...

diteshnarang

NSE:CENTURYTEX has made CUP N HANDLE pattern and it is about to break neckline of the pattern on daily chart. Stock has recently made Higher Bottom and It will going to make Higher top soon. ADX and RSI has just recently given positive cross over. We are strongly recommending Buy above 321 level with Stop Loss of 290 on closing basis with Target of 380 in next...

diteshnarang

NSE:BRITANNIA is making Higher Top and Higher Bottom on Daily Chart. Stock is trading above all key moving averages. RSI & ADX is also showing strength. We are recommending Buy around 3425-3450 range with Stop Loss below 3300 on closing Basis with Target of 3700 in next 3-4 weeks.

diteshnarang

NSE:PIIND is just made new all time high. Stock is moving into new territory. Clear Breakout on Daily, Weekly & Monthly charts. We are strongly recommending Buy around 1630-1640 levels with Stop loss below 1520 on closing basic with Target of 1850 in next 12-15 weeks.

diteshnarang Updated 

NSE:ACC is trading in ascending channel from last 20 days. Trend is sideways to positive. ADX is showing positive cross over. RSI also showing strength. We are recommending Buy around 1165-1170 levels with Stop loss below 1130 on closing basic with Target of 1260 in next 12-15 trading sessions.

diteshnarang

NSE:INDIACEM has made higher top & higher bottom after long range bound consolidation on weekly chart. Stock has crossed and currently trading above range bound consolidation zone. Stock is also trading above all key moving averages and RSI and ADX are also showing strength on weekly chart. We are recommending strong Buy around 114-119 with Stop Loss below 97...

diteshnarang

Stock is making higher top and higher bottom on daily chart. Stock has took support at 21 Day EMA and showing reversal from support. ADX is also giving positive cross over. We are recommending Buy around 2330-2340 with Stop Loss of 2250 (Closing Basis) for Target of 2470 in next 8-10 Days.

diteshnarang

Silver is forming symmetrical triangle pattern on daily charts with positive cross over in ADX and RSI showing strength. One can initiate long position with stop loss of 14.95 for 1st target of 15.85 and 2nd target of 16.20.

diteshnarang

DJ30 is holding 3 days lows. One can go long with stop loss of 24590 for Target of 24970. Risk reward is favorable.

diteshnarang

Bajaj Finance has given head n shoulder break out on daily charts with rising volume almost after 6-8 months of consolidation. One can buy on dips around 2010-2025 with stop loss of 1900 (closing basis) for Target of 2150-2200 in coming 4-6 weeks.

diteshnarang

USDCAD is trading at 1.32173 which is very near to lower end trading channel of last one year. You can see same channel in above chart. One can initiate long position at current levels with stop loss of 1.3185 for Target of 1.3275 and 1.3310 in 4-5 trading sessions. Although below 1.3185 levels it may see further slide upto 1.3100 levels.

diteshnarang

USDJPY has broken out from trading range of last 7 Days. One can initiate long position around 111.85 with Stop Loss of 111.50 for Target of 112.35-112.50.

diteshnarang Updated 

AUDUSD is trading above all short term moving averages on 4 hourly charts. RSI and ADX are also showing upwards direction. One can go long around 0.7570 levels with stop loss of 0.75350 for Target of 0.7625

diteshnarang

Chart of Axis Bank is suggesting weakness in stock price in coming days. Stock has closed below all short and long term moving averages. Additionally RSI and ADX has given negative divergence on both daily as well as weekly charts. One can initiate short position on stock between 483-487 levels with stop loss of 521 (last up swing move) for target of 450 in...