Trading Ideas
Buy Tata Steel above 659 for a target of 665 and 677 Support is there at 640 and 628 Doji formation on daily charts and indicators are oversold on charts Short at 415 for a tgt of 400 and 392 SL 420
Tag Archives: Tata Steel
Tata Steel @Trendline Support
Tata Steel is close to its Trend line Support where it has taken support 3 times in previous fall.525 is an important level to watch >ig that get violated on closing basis we are heading towards 506 and 479 Levels.On Higher side will face resistance at 540 and 552.
ONGC Breaks its 200 DMA
ONGC on Last friday closed below its 200 DMA which stands at 1114.A stock which closes below its 200 DMA comes under Bear’s attack on every pull back. We need to watch for how many days ONGC closes below its 200 DMA,as if it recovers in coming 2-3 sessions than we can consider this as… Read More »
Breakout in Triveni Engg.
These type of trades are easy to trade as breakout has happen wait for stock come to support level of 123-25 range or let it cross today’s high of 132 and it will brezze for a tgt of 136 140 and 148 in this week
ICICI Bank Break of Symetrical Triangle
The candlestick on the daily charts indicates an‘Engulfing Bull’ characterized by a large white real body engulfing a preceding small real body, appearsduring a downtrend which is an important bottom reversal signal and a implies a comeback by bull. It signifies that the downtrend is now losing momentum and the bulls started to take the… Read More »
Axis Bank @ 100 EMA
Stock has shown a strong support at 100 EMA in dec crash and this crash also showing a very good and strong support,It took support at 965 and showed a bounced with rising volume showing bulls are having good upper hand on this counter,Buy on dips till 100 EMA holds Levels to be watched buy… Read More »
Strides Acrolab showing bullish moves
Strides Acrolab is showing good moves and is showing bullish channel from a low of 154 to a high of 312.Stock is trading above its 5 EMA and takinf support at 20 SMA which is being shown in charts as above,Stock is a buy on dip canditate. It faces channel resistance at 288-92 range.Once that… Read More »
Double Bottom @ ABAN Bullish Sign
Aban formed a double bottom on daily charts.Good support is a the levels of Rs 1122-42 levels and double bottom formation is visible on charts.Trade with a positive bias in this stock. Levels which needs to be watched out on the upside are 1251 1297 and 1380
Selling accepted in DCHL if it breaks 161
Selling accepted in DCHL if it breaks 161 Target for Intra 159 and 156