Larsen Larsen has taken resistance at its Fibo channel and any break below 833 will see stock cracking to 798 odd levels. Bullish only above 846 for target of 898 Buy above 846 Tgt 855,867 and 879 SL 837 Sell below 833 Tgt 825,813 and 798 SL 837 Axis Bank Axis bank has… Read More »
Axis Bank Axis Bank is near a crucial level of 1068, Any break below it stock will go till 1020 and 987 odd levels. Buy above 1098 Tgt 1112,1126 and 1144 SL 1082 Sell below 1076 Tgt 1067,1044 and 1022 SL 1082 HCL Tech HCL Tech has broken out of the channel and is… Read More »
PNB PNB is still trading in its triangle and formed an Inverted Hammer candelstick pattern, Buy above 492 Tgt 496,501 and 507 SL 487 Sell below 485 Tgt 481,474 and 470 SL 487 PFC PFC has broken below its ascending triangle pattern Any close below 131 gives short term target of 123.… Read More »
Reliance Industries Reliance Industries is Trading in an expanding triangle formation,Strong support at 843 levels and resistance above 898. Buy above 870 Tgt 875,883 and 890 SL 863 Sell below 860 Tgt 856,848 and 843 SL 863 Indusind Bank Indusind bank is taking resistnace at its higher end of trendline,Any close above… Read More »
Tata Motors Formation of risisng wedge in Telco,with range contraction.Stock has also formed double bottom at 350 odd levels. Buy above 357 Tgt 359.5,363 and 365 SL 356 Sell below 353 Tgt 351,347 and 344 SL 354.2 Hindalco Hindalco gave a range breakout but was unable to sustain above it, Positional traders keep eye… Read More »
PFC Trading is an ascending traingle with formation of gravestone soji pattern singalling explosive move ahead. Buy above 137.3 Tgt 139,141 and 143 SL 136.4 Sell below 135.5 Tgt 134.5,133 and131 SL 137 PNB PNB formed a triangle pattern Closing below 460 gives short term target of 432. Buy above 472 Tgt 477,484 and… Read More »
JSW Steel Buy above 794 Tgt 799,810 and 820 SL 788 Sell below 787 Tgt 781,770 and 760 SL 790 IndusInd Bank Buy above 411 Tgt 417,425 and 432 SL 408 Sell below 400 Tgt 398,394 and 388 SL 403 Tata Steel Buy above 302 Tgt 306,311 and 317 SL 300 Sell below 299… Read More »
Lupin Lupin trading in the sideways trading range,Unable to close above 888 stock is heading towards 840 odd levels. Buy above 878 Tgt 885,891 and 896 SL 874 Sell below 872 Tgt 866,861 and 856 SL 875 Hindalco Hindalco has formed a double top pattern. Buy above 120.5 Tgt 121.5,123 and 126 SL… Read More »
SBIN SBI has been forming multiple bottom near 1597 and upper trading range is getting reduced,signalling explosive move round the corner. Buy above 1665 Tgt 1675,1690 and 1710 SL 1660 Sell below 1649 Tgt 1636,1610 and 1597 SL 1660 Crompton Greaves Crompton Greaves has formed a bullish engulfing pattern and is trading near the… Read More »
Kotak Bank Kotak bank is a classic example of support becoming resistance.As seen in above chart 690 was strong support and now it has becomes a resistance. Short term bullishness in stock will come only above 700 for a target of 754. Buy above 686 Tgt 694,703 and 715 SL 680 Sell below 679 Tgt… Read More »