Raymond Raymond formed Bullish engulfing pattern and near its 200 DMA. Buy above 276 TGt 279,284,288 and 293 SL 274 Sell below 269 Tgt 265,259 and 255 SL 272 Reliance Capital Closed above its 200 DMA. Buy above 373 Tgt 375,380 and 387 SL 370 Sell below 366 Tgt 363,356 and 349 SL 370… Read More »
IDFC IDFC is again taken support at fibo fan on weekly chart. Positional trades watch for close above 89 for target of 92 and 97. Intraday traders can use the below mention levels Buy above 89.8 Tgt 91,92.5 and 94.4 SL 88.8 Sell below 88.5 Tgt 87.5,86.4 and 85 SL 89 Sun Pharma Sun… Read More »
PNB PNB has been following its fibo fan perfectly. Stock is near very important Gann number of 521. Any close above 521 gives short term target of 555. Intraday Traders can use the below mentioned levels Buy above 521 Tgt 527,534 and 540 SL 514 Sell below 512 Tgt 508,500 and 494 SL 514 … Read More »
Reliance Industries Reliance Industries is forming a triangle pattern and multiple tops in range of 892-893. Positional traders should look for a close above 898 for short term target of 932. Intraday Traders can use the below mentioned levels Buy above 898 Tgt 903,914 and 920 SL 894 Sell below 884 Tgt 880,876 and 866… Read More »
Axis Bank Axis bank is approaching its medium term support of 929. Holding the same bounce back can be seen as shown in above chart. Closing below 929 can see axis correcting 898 in short term. Buy above 935 Tgt 945,952 and 968 SL 929 Sell below 924 Tgt 911,898 and 887 SL 929 … Read More »
Idea Idea is trading in a perfect up trending channel and is near the trendline support of 155. Holding 155 and trading above 157 gives target of 165,178 in short term. Any close below 154 will see a quick correction till 144. Buy above 157 Tgt 158.5,160,161.5 and 163.2 SL 156 Sell below 155 Tgt… Read More »
DLF DLF stock is forming a falling wedge pattern on daily chart which is bullish sign, after falling like 9 pins DLF has formed an DOJI, which as per technical analysis is signalls pause in downtrend. Holding 124 from next 3 days stock can bounce back to 144 odd levels in short term. Buy above… Read More »
Reliance Reliance is forming an descending triangle near its support zone of 842, Unable to hold the same stock can go down sub 800 levels.Pattern gets invalidated on close above 882. Buy above 860 Tgt 869,880 and 890 SL 856 Sell below 847 Tgt 839,830 and 824 SL 851 Reliance Capital Reliance Capitals as… Read More »
Mcleod Russel Mcleod Russel stock on daily chart is forming a perfect symmetrical triangle, Triangle breakout happens above 289 and breakdown below 275.So watch out for breakout/breakdown move. Positional target for breakout comes at 325 and breakdown comes at 254. Buy above 283 Tgt 287,293 and 298 SL 280 Sell below 276 Tgt 271,266 and… Read More »
Bata India Bata India has been respecting the fibo fans level and stock has broken the 3X8 line of fibo fans with bearish engulfing pattern.Break of 892 can lead to further weakness in stock till 843 odd levels. Buy above 904 Tgt 915,923 and 932 SL 895 Sell below 892 Tgt 882,870 and 850 SL… Read More »