Spot: Radico Khaitan looks good, SL 362 Target 374, 384Spot: Radico Khaitan looks good for positional trade, SL 362 Target 374, 384
Positional
Reliance - 2100 is ComingRelaince broke previous high with volume and retraced at 0.382... Now wiiling to make new high... 2095 is the PRZ of AB=CD on Monthly chart so be cautious at 2095 . If it breaches 2100 then 2280 will next target... RSI and MACD both are positive and bullish which confirms upward move is still pending...
Jindalsteel Looks BullishJindalsteel made flag also given breakout ... Looks bullish only RSI trendline is resistance which need to be broken for targets,
GBPAUD BuyGBPAUD Buy opportunity, positional trade so to be held for months, set low lot size, use risk management ⚠️
All the gains washed in NiftyNifty today gave gap up opening, which was a bit of a surprise for us shorters but it has now washed away all the gains of the today, it is even filling the opening gap, this is indicative of the bearish momentum in the market picking up.
It might be little early to speculate, but I'm starting to see the possibility of this being last bull leg in positional as well, we might have a significant correction in Indian as well as global markets.
Natural Gas BuyNatural gas ⛽️ buy, very long term positional trade, high profit potential, going to see how this plays out, went long with 0.1 leverage
AXISBANK- LONG (Positional)My Long trade on Axisbank is active (its a positional trade for a week or maybe more)
Entered 1 Lot in FUT when spot CMP was 536.5 (Present CMP is 536.5-536.7)
SL is below 530.7 (6 Points)
TGTs: 460/475/500
This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.
Link: www.youtube.com
SBIN - looking bullish?SBI retraced at golden level hence it will reach first target in few day. Targets on charts
SPOT:[Positional] BAJAJ Finance BUY above 3015, SL 2968 Tgt 3062SPOT: BAJAJ Finance BUY above 3015, SL 2068 Tgt 3062
Adaniport - Retraced now ready to boomAdaniport retraced exactly at reversal point. Will see higher highs in it ... Targets on chart...
Petronet- FlagNSE:PETRONET Petronet just broke the flag and now ready to touch high... Targets on chart...
Infy - Pennant BreakoutInfy has Pennant breakout followed by triangle breakout and also retraced at golden ration... Will boom above 765.. Target on chart
TRENT Bull Channel Third Push UpEntry - Around 600, near the trend line
1st Target - 695.25 ( A bit lower than the previous swing high)
2nd Target - 795.05 ( Top of the channel and also a previous strong resistance)
Rationale - TRENT has been moving in a parallel bull channel with bull candle volume outweighing the bear candle volume. The 61.8% retracement level was also breached indicating strong bullish pressure for the 3rd push in the channel.
