Bharti Airtel Bharti Airtel is trading in a downtrending channel and yesterday closed at higher end of channel,able to trade and close above 298 will open gates till 308.Unable to cross 298 stock can pullback to lower end of channel till 264 odd levels in medium term. Buy above 298 Tgt 301,304 and 308 SL… Read More »
United Spirits United Spirits is trading near its rising trendline support forming a contracting triangle, Break of 2288can lead to downside till 2107 in short term. Buy above 2330 Tgt 2350,2370 and 2400 SL 2300 Sell below 2285 Tgt 2260,2240 and 2220 SL 2300 Ranbaxy Ranbaxy after achieving our target of 343 is now… Read More »
LT LT is trading in small trading range of 1440-1375. Break of range will take the stock lower, Positional traders can short LT below 1364 for target of 1320.Intra/Swing traders use the below levels Buy above 1400 Tgt 1409,1417 and 1435 SL 1395 Sell below 1386 Tgt 1375,1364 and 1350 SL 1395 Bajaj Auto Bajaj… Read More »
Idea Idea is falling a rising wedge pattern which is bearish in nature and also formed a topping tail candlestick pattern which again is bearish pattern, both pattern needs follow up price action to get confirmation. Close above 144 will invalidate both the pattern and target of 152 can be seen in short term.Pullback till… Read More »
SBI SBI as per last analysis clearly mentioned range of 1980-1974 very crucial range as per Fibo Spiral and Gann, Stock made low of 1970 and bounced back sharply at 2075 levels and closed at 2065 . Now next important gann number is at 2068 levels,unable to cross the same pullback will be expected .… Read More »
DLF DLF as per Fibo Fans has been taking support at lower end bounced and touched the upper end and is back with its downhill price move.Next Important support comes at 176 odd levels, unable to hold target as low as 157 can be seen as per Fibo Spiral. On Upside Holding 176 it can… Read More »
SBIN SBI has been falling like pins after making high of 2472 and is now approaching its medium term trendline support. SBI can give a whipsaw by trading below the trendline traders do remember range of 1974-1980 is very important support as per Gann and Fibo Spiral number and positional shorts can be booked in… Read More »
Rel Infra Rel Infra High Beta Stock is stuck is trendline crossover range, which is very unique pattern and gives good trading moves for quick gains. Buy above 385 Tgt 388,391.5 and 397 SL 382 Sell below 374 Tgt 370,366 and 362 SL 378 Canara Bank Canara Bank has broken its triangle pattern on downside… Read More »
United Spirits United Spirits is trading near lower end of uptrending channel, with formation of DOJI candlestick in yesterday trading session.Bounceback is expected to higher end channel once it crosses 2553 odd levels. Buy above 2513 Tgt 2544,2572,2601 SL 2495 Sell below 2480 Tgt 2455,2421 and 2401 SL 2495 Sun Pharma Sun Pharma after… Read More »
DLF DLF after breaking the crucial support of 228 has been falling like 9 Pins, DLF is trading near the Fibo Fan support of 188, Holding the same pullback can be seen, else downfall will continue to next fibo support of 174. Buy above 195 Tgt 198,200 and 203 SL 193 Sell below 191.5 Tgt… Read More »