A strong uptrend looks to be resuming in the same direction with the price taking support on 13EMA levels. DMI is also bullish indicating potential upside left. Can be a good short term long trade Entry - 154 Stop Loss - 145 Target - 175/192
The stock has made a rounding bottom for a while, it has given a breakout from the neckline now positioning itself ready for a good upside with a favorable risk-to-reward ratio. Entry - Between 5370-5375 Stop Loss - Below 5145 Target - 5900
The stock corrected a bit after a strong run-up. It is now giving a breakout above the correction trendline. Well positioned to buy for a short-term trade Entry - Above 645 Stop Loss - Below 618 Target - 682/698
After a good run up the stock went into a consolidation range with support at 285-290 levels. A breakout above 355 with volume support indicates another potential good run upside in the short term. Entry - 375 Stop Loss - 350 Target - 425/475
A favorable risk-to-reward ratio opportunity can be seen in this stock which is nearing a breakout from flag pattern with increasing volume support. Buy Entry - Above 175 Target - 205 Stop Loss - 163
A consistent compounding return giving stock has retraced 50% from its high. Recent quarterly results along with the sector underperforming, have plummeted the stock to an attractive level. For a good quality company like Infosys, one or two bad quarters do not matter much in the long run. The price has taken good support at 50% retracement levels, along with DMI...
Price making higher highs with RSI making lower lows. ITC looks to have topped at 290 levels. At the current level of 270, DMI has a bearish crossover, indicating an increasing strength of bears. Next support level at 260 Quick short trade Sell - 370 Stop Loss - 374 Target - 360
A stock in a strong uptrend, has given a breakout with volumes. A good buy above 400 with a favorable risk reward ratio Entry - Above 400 Stop Loss - Below 386 Target 467+
Reliance has been in consolidation for a long time, 2200-2350 has been a strong demand zone. It looks like this support level is weakening. DMI also indicates a bearish outlook. A breakdown from the level of 2200, the downside will pick up the pace. Will wait till then.
Breakout with volumes after consolidation post an impulse up move. Provides a favorable risk to reward ratio to trade Entry - 176-178 Stop Loss - 168 Target - 19
Another stock in the radar with the upcoming budget with a focus on the defense sector. DMI bullish crossover likely. Entry only above 2575, breakout with volume support Shall update target and stop loss levels once trade is active
The price has bounced back from 21Ema support with increasing volumes tilting the strength towards the buyers. DMI movement backing the bullish view. Buy above today's high price of 260 Entry- 260-261 SL - 245 Target - 298
After consolidation post-downtrend, the stock breached the resistance level of 363 with volume support. Its well set to move upwards toward the next resistance level of 393 Entry - 372 Target - 393 Stop Loss - 362
Hourly flag pattern breaks out with volume support. A good quality stock that is likely to see a swing in demand post-budget due tomorrow. Entry - 122-123 Target - 128/132 Sl - Below 118
A breakout above support levels with volume, and pullback retest. DMI bullish Buy above 140 with SL below 124 and target 164/178
DMI supports the price action, indicating the momentum is still intact. Buy - 14.65 Stop Loss - 13.8 Target - 16.6
After consolidation, a strong support level has been broken as shown on the chart. ADX indicates bearish momentum gaining strength. Will go short below last candle low of 6770 Entry - 6770 SL - 6980 Target - 6540/6415
RSI indicates Bearish Divergence, will avoid taking fresh longs at this point. Can initiate taking fresh short below 18200