Reason for sell: Bearish engulfing. Entry, SL and TGT in chart
I will buy this above 64 with sl of 60 with a potential target of 94-130.After decline for months, stock has given breakout, pulled back and then given a candlestick buy signal
Rising wedge break down. Short Entry: 300 SL 307 TGT 285-276
Rounding bottom breakout followed by test of breakout zone and consolidation. Target, SL as in chart.
VEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.
SBI short till 255 target 225 & 202 Stop loss 264.
Tatamotor result day, don't know about result, but if result is bad then may fall to these levels, SL 510
Bank Nifty Look like a crab pattern in 30 min, target 18700, its a positional call so stop loss according to one risk appetite.
0.5 retracement level coincides with previous resistance levels. Moreover, RSI shows lower momentum in the same time period.
Short term bet on Delta Corp
Andhra Bank shows start of a long term uptrend after reversal confirmation. Awaiting the results on 6th August, taking a bullish position with mentioned marks could be positive.
Jain Irrigation is trading between the levels of 68-76. Any breakout outside these levels will start a new trend, hence position building would be preferred after that event. As of now, since the price is in a trading range, buying at lower band (around 68) and selling at higher (around 76) would be appropriate.
NSE:CANTABIL may be destined for a short term downtrend. Lower RSI levels would act as a fuel if more red candles are formed in couple of days.
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
NSE:HDIL Buy on Dips between 75-90. Expect a minimum 200+ by early next year. Hope the wave count is self explanatory
Stock forming new low, supported by low RSI and BB lower band.
Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.
Will look to enter a long position depending on price action