Sunpharma has broken the important support of 460 on daily chart which has become resistance now. Price has broken the trendline on weekly chart too. entering after pullback near 460 levels will give us :2 risk reward ratio trade for 430-420 Targets.
Nifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
Ramco Cement has taken a good resistance from a monthly Resistance level of 770. Price has formed strong bearish pin bar on daily Chart which shows sellers are gaining control for a short time. Sell after retracement near 755 for risk reward ratio of 1:2.5
Nifty Is in Strong Uptrend since mid march. Expecting Some Profit Booking Near 52 Week high of 11750 in this Week or maybe Next Week.11750 is strong resistance which would be difficult to cross as no fundamental trigger this week.Risk reward in Both trade is 1:2.Risk Only 1% of Your Capital.
EURGBP has been in tight range of 0.86500 and 0.84700 since 15 days. Price has created good support at this level which is important trendline support.Price is also near to 200EMA support which increase the probability of bullishness. I will wait for retracement after breakout of 0.86500....Will eneter the position at 0.86700 levels with the stoploss of 0.85400...