NIITTECH Flag pattern TradingApproaching oversold conditions on the weekly graph.
TA also suggests signs of next wave formation.
Although, recent acquisitions could give a boost in the perceived value by the market.(Arago and Cast)
Hit the top resistance and retraced back ~22%.
wait for the channel breakout(green)
and trade in the flag pattern. watch out for the resistance marked in red.
I will update on the next price movement. and targets if it stays in the channel.
BSE
AARTIIND: Continuation of Uptrend(Long Term Opportunity)AARTIIND in the bullish channel.
Oversold conditions reached on a weekly graph testify for the upcoming price action prediction.
Buy:1215
Stop: 1045
Take Profit:
1560
1903
(Others: Strong Buyback history last one at ~1150)
Check news and update in comments.
HCL Technologies - 20-25% Return in coming 8-10 monthsHCL Technologies has given a nice breakout today over a long term price point. This signals a good up-run in the coming months.A short term will occur in June and then some sort of low - a buying opportunity - in July. And then can sit tight for a ride up to 1200-1300 in Jan 2019.
MOIL is it a trap ?Although a promising long term buy.
RSI approaching oversold conditions.
Moil currently getting into a stochastic correction.(Look for the local peaks and troughs)
the price action would always follow Stoch.
Oscillators suggesting strong signs of next motive wave formation. However, the last motive wave pulled back below the last corrective wave,
Possible reasons could be a high dividend yield of~5%, implying a possible truncation at the top. Not suited for long term(>1y++).
I will update on the objective targets on request.
MOIL is it a trap ???Approaching oversold conditions.
Wave 3 pulled back beyond motive wave 1 termination. suggesting a truncated wave 5 and a temporary trend reversal.
Although this stock is a good long in Stoch correction. look for the local peaks and lows.
A possible explanation could be the high div. yield ~5%++
In any case, it is wise to wait till it snaps out of the stock correction.
GLENMARK Next Move(Mid Term Opportunity)RSI Depicting oversold conditions. strong support at ~520.
approaching crossover on a weekly scale. Strong Signs of an upcoming Bull run.
Take Profits:
640
730
900
1045
Long SONATA SOFTWARE at 333I am long in this stock at 333. Looks like it will make a new 52week high
Rajesh Exports - Good BetRajesh Exports, world's largest gold jewellery manufacturer and India's biggest exporter of gold jewellery is our second buy recommendation for the coming 6 months.It is currently trading around 800 level. According to our research, we can see this stock trading between 950 - 1100 levels in the near future.
Pfizer - Target 2700-2800 in 10 MonthsPfizer, probably the only pharma company in India that is going to make a new high. The pharma sector in India is in a bear territory for the last couple of years. Having found a stock in this sector that is yet to make a top is like finding light in the dark. It's good news for those who have significant exposure in this sector. It's not going to do much for them but something is better than nothing. But one must get rid of this stock as soon as it touches the level of 2700-2800, do not get optimistic when it does that. I repeat do not hold it beyond those levels.It will be too risky. When time is up, it's UP !
GATEWAY DISTRIPARKS LTD analysisThis idea is user requested: There is high probability that it will make that up move, contracting flats are rear patterns but can't say that it's not the one. so if you wanna buy you can it but put your SL below low of Bigger A leg.
FEDERAL BANK Correction Over-Signs of trend reversal. Approaching the next buy target of 85.
Wait for the buy signal at that target.
RSI approaching oversold on a weekly scale.
AO approaching crossover. may form elliot motive wave 1.
Take Profits:
105
125 (strong resistance)
155
178
SENSEX BIGG SUPPORT 32612 TREND LINE BREAK SELL ON RISE
SENSEX BIGG SUPPORT 32612
Target profits marked on chart.
WILL YOU LONG BANK NIFTY THIS IS FOR YOU ???EVERYTHING ON THE CHART
JUST HAVE A LOOK
USE MY ANALYSIS FOR THE OVERALL VIEW OF THE MARKET
HAPPY TRADING!!!
Tata Steel - Rs 450 - October 2018 TargetIf you hold Tata Steel in your portfolio, it's prudent to exit at the current level and book profits. We are expecting the stock to head lower until October of this year. And then we can buy the stock at a discounted price of around Rs 450.That is the whopping 40% off of the current price. Call it the Great Diwali Sale for Indian stocks.
Tata Motors - Bright / Not Bright - Short term shortingTata Motors - the stock is treading lower with every passing week and will continue to do so until November of this year. What has to be seen is the price level.We are expecting around 280, however, the carnage could take it lower, depends on how hard the FII are involved in the selling. But we believe the low of Feb 2016 @ 266.00 should not be broken. Because if it does then the future of Tata Motors is bleak for coming 6-7 years. And in my personal opinion Tata Group is the best Indian company with least to no manipulation of its stock prices.
3M India LtdThis stock is our first pick of the year for our readers.Handpicked after sifting through countless companies.We see good potential for the stock to jump from current levels.We see the stock moving towards the price band of 27000-30000 in the coming 8 to 10 months. Currently trading at 21000 level, the upside return is above 30%. Keep your eyes on the stock.
FDC - LOOKING VERY BULLISHFDC
CMP 305
TARGET 360 PLUS
STOP 275
Weekly chart
1) Stock has cleared previous reistance with huge volumes.
2) Stock has had a long consolidation W pattern spanning several months, the range of which has been convincingly broken out.
3) Stock has the potential to move towards 360 plus in the coming weeks time.
LOTUS CHOCOLATE - HIGH POTENTIAL AHEAD...LOTUS CHOCOLATE
CMP 51
STOP 39
TARGET 82 PLUS
Weekly Chart
1) Stock clears 200 period ema with huge volumes and currently consolidating with low volumes, possibly a penant pattern structure formation.
2) Stock has the potential to go towards 80 plus. An important fundamental reason apart from the above technical pattern is, globally cocoa price has begun its uptrend journey. Cocoa price has cleared a major resistance at $ 2225 in weekly chart preceded by a multiple bottom formation (4 bottom formation), possibly heading towards 2800/3000.
PIRAMAL ENTERPRISES - A SHORT SETUPCMP 2441
TARGET 2185/1822
STOP 2575
Stock below 200 ema.
Stock has broken key multiple support levels with huge volumes.
Short only below 2425.
Bajaj Auto - A potential bearish setupCMP 2943
Target 2750
Stop 3025
Stock below 200 ema
Breaks previous support.
Shorting suggested only below 2930.
Nifty long term, wait for the market to fall below 10,000This run looks like an ending diagonal, with massive fib cluster in 11,200-11,500
