Nsestocks
BAJFINANCE looking weak on 2H chart Stay neutral for swing. NSE:BAJFINANCE
On 2H chart BAJFINANCE started to becoming weaker. Stock facing good resistance between the range of 3320-3420 while 3125 will be immediate Support for stock.
On 2H chart if stock manage to breakout 3420 with good volume and candle closing near high it will open for fly for target of 4040.
But if the stock breaksdown 3125 it will then likely to show 2835 and even 2655. For breackdown too we need to see strong confirmation with volume.
Though the stock is weak I will not make any decision to short for swing trade right a way until and unless I see any strong confirmation for same.
I will prefer to stay neutral in this counter and keep this on watch
Larsen & Toubro Price at trend line Supportthis is one of the most confusing zone for trader it can easily bounce above the trend line so it can be trap .
don't short at the trend you can wait for retest of this zone and if rejected again than you can short the retest.
for long we can not long the price above trend line ,we have horizontal resistance above and this is good confirmation for long
Reliance Industries Trading Setupprice holding the Trend line support really well and Try to make above with good partnership coming which is possible .
But from Technical Side stock need some rest and healthy retracement for price to move upward side .
Breaking this support will send Reliance price to new level around 1300 and holding above will send the price to 1550 Price zone.
Waiting for any confirmation and than enter the Trade
PVR Ready For Go LongNSE:PVR
After series of narrow range trading sessions with above average volume marked in red box, in last couple of sessions volume (enormous) and price range expansion grab my attention in PVR.
And I think.
PVR is ready to go long here.
I will prefer to buy it above 839 with Stop Loss below 718 closing basis.
Will refer to follow Fib Retracement levels for estimated targets.
Holding period Month Or Two