Reliance Reliance trading in its Flag pattern, Took resistance at upper end 889 and lower end at 840 where it gave a bounceback. So RIL also trading in a range trade. Buy above 869 Tgt 877,885 and 891 SL 865 Sell below 856 Tgt 847,839 and 825 SL 860 M&M M&M trading is a 100… Read More »
Infosys Infosys is coming with its results day after tomorrow before market opens,Stock has a bad history of opening 10+% gap up or gap down. Stock is approaching its higher end of trendline and if unable to cross and close above 2584 on closing basis stock can fall all its way upto 2351. Any close… Read More »
ONGC ONGC broke above its downward falling trendline 322 made a high of 353 on gas pricing news and has been falling sinse than,Stock yesterday closed near its support of 302. Holding the same bounceback can be expected. Positional Longs should be taken on close above 308 only for target of 330, 352. Buy above… Read More »
Reliance Reliance is forming a Flag Pattern which is bullish if we see a follow up move and close above 898. Any close above 898 will propel stock towards 953 odd levels. Buy above 881 Tgt 885, 888 and 895 SL 877 Sell below 876 Tgt 872,866 and 860 SL 880 JSPL JSPL has… Read More »
HCL Tech HCL Tech approaching its resistance of 805-810 odd levels. Unable to cross them can lead to pullback towards its rissing trendline. Buy above 802 Tgt 805,808 and 812 SL 800 Sell below 789 Tgt 785,782 and 776 SL 792 Tata Motors Telco has closed above its 200 DMA.which gives a short term target… Read More »
FIIs bought 660 Index Future worth 18 cores with net Open Interest decreasing by 2648 contracts.FII booked profit in Index Futures. Nifty opened with gap up filled the gap in morning and continued with its rally but was unable to breach and close above 5860. 5750 needs to be watched closely any break below it… Read More »
Bajaj Auto Bajaj Auto after breaking out of its trendline crossover zone,formed 3 DOJI pattern suggesting an explosive move is round the corner. Buy above 1893 Tgt 1908,1925 and 1950 SL 1881 Sell below 1868 Tgt 1848,1826 and 1804 SL 1881 IDFC IDFC is near its important medium term support of 123, Holding the… Read More »
Reliance Infra Reliance Infra is near its downward falling trendline resistance of 369. Any close above it will take the it to next important resistance zone of 377. Any close above 377 gives a target of 411 in short term . Positional traders keep an eye on close above 377. Buy above 369 Tgt 373,377… Read More »
Reliance Capital Reliance Capital has been going above the Fibo Fans for a day and than again pulling back. If this trend continues today or tommrow it should give a pullback. Positional traders keep an eye of 343 levels on closing basis any close above it will target 364 and 377 in July Series. BUy… Read More »
Cipla Cipla after breaking its medium term trendline has been consolidating below it,Yesterday gave an upmove after days of consolidation but unable to close above the trendline resistance and also its 200 DMA @ 391. Close above 391 can lead to target of 411 in medium term. Buy above 388 Tgt 391,395 and 398 SL… Read More »