BSE
Nifty- Daily Chart!#NIFTY trading at important support level and formed Doji pattern if Nifty Break 11,638 level and able to hold we can see some bullish move and if Nifty Break 11,500 level and close below we can see some bearish move in Nifty.
HINDUSTAN UNILEVER - RESTING ON SUPPORTHUL
CMP 1684
Stop 1600
Long suggested at around 1690 plus.
Logic:
Stock resting on long term upward trend line.
Stock resting on 40 wks ema (200 day ema) with tight price action.
Appearing to be a good setup with a favourable risk reward with a possible target of 1875 plus.
NIITTECH - VCP BULLISH PATTERN#NIITTECH
cmp 1322
Long suggested ONLY above 1350
Positional Stop 1275.
Intraday stop - Days low.
Logic - Passes bullish trend template + Contraction in price/volatility/volume.
daawatconcentrating on lower time frame for now.
will add to on a confirmation of change in the trend.
HDFC Bank Possible long opportunityTaking Support on Weekly and Daily trendline. With the possible target of 2100.
Creating a descending triangleIf the descending triangle breaks to the down.
Target 1 is 0.5 fib level.
It can go to 0.618 level with a wick.
The long term trendline can act as a support.
