we can see stock has taken support multiple times in the recent past at the blue moving average line and this week if getable at the line around 157 would be a value buying, stoploss should be 154 daily close and target 1 should be 166, next a trailing stop can be used or exit as per choice.
axis bank travelling in a rising channel, currently available at the lower line, a buy can be initiated with a stop of 760, stock is struggling to close above 810 in a monthly chart, hopefully this month ending might close above 810.
nifty traded two consecutive days as losing days, given close below 38.2 and taken support at .5 level. As tomorrow is expiry, this 38.2 and .5 zone might be taken as important levels. An hourly close above 18312 might take nifty 18450 close and hourly close below 18221 might take nifty to 18100, 18050 as per atr value of nifty . these levels can be trusted as per...
hdfc life trading around support area, a buy can be initiated with a buy the dip strategy from now every 2% dip, for target of recent high 775 with a long term view, for short term 715 and 722 with stop of 689 daily close.
nifty currently traveling in a disjoint channel as I mentioned in my earlier post, but the mistake was I was expecting a little pull back to the support and then a run , but it fooled me as well as a lot of traders with a sudden high gap up opening, but with this huge gap up it should have cleared the resistance trendline, but it could not. and a bull trap in 4...
its quite difficult trading with this type of high noise, it is confusing sellers for short position, nifty still not fully negative till the indicated support levels are not broken, buyers hope will be there till nifty is trading over 17400 and did not give a close below it.
tcs has given breakout as per to the trendlines, keeping a stop at 3720 daily close, first target should be 3840, if gives a close above 3840, then use trailing stop for 4000.
apollo hosp. giving a break out , long can be initiated with 1:1 risk reward for intraday,
igl available at its dynamic support trendline, risk would be low to reward ratio, buy above 530 after a one hour chart close for a target of 550, thus equation becoming 1 :5 risk reward. Long term holders can use 495 as stoploss as igl have strong support at 512 and 505.
counter looking bullish and has given close above resistance, weekly atr is 28, and near resistance is at 520, which should be target 1 with stoploss 490 daily close. this counter looking safe in this over rallied market
adanient is trading in a rising wedge triangle pattern and quite likely it might touch 1560, with a stoploss of 1499. with a 1:1 risk reward ratio.
mahindra looking promising for 790 and 805 , long build up seen in this counter, swift movement likely to continue this expiry
monthly atr is 147 and previous month close was 1443, max correction to be 1296, but it has gone down more than that and currently taking support at 144 WDMA value 1260, is making a prz here where xabc done and d leg to form. and also AB=CD level coming at this area which might not extend more because since last 3 months this stock is doubling its upward journey...
stock has given close above its weekly resistance, a 15 percent upside possible in recent times, add this counter to your watchlist. buy only above 154.5, for stoploss refer chart
stock has given weekly close exactly around dynamic support area, 149-150. In the past it has faced resistance at this area for weeks long, so in the downturn it must give support. Short position to be taken only after a daily close below 148, even in that condition we must remember that a weekly close necessary for further down move. As this is the expiry week it...
stock is inside a harmonic pattern and double tested .782 level, a stoploss at 2 % roughly coming around 790 so stoploss should be there and target 1 should be 868, at 1.3 level of the prz.
it is looking simple with a trendline that it has reached a resistance and for the first time it has given close above the resistance previous high 37708 in a weekly chart. Honestly speaking it doesn't totally feel comfortable to buy at such high price, although there are some good news around. Now for the longs 37380 becoming stoploss in hourly close for...
stock has given breakout and looking positive for short term view, with a target of 125 and stop loss of 106 on daily close.