SBIN - looking bullish?SBI retraced at golden level hence it will reach first target in few day. Targets on charts
Positional
SPOT:[Positional] BAJAJ Finance BUY above 3015, SL 2968 Tgt 3062SPOT: BAJAJ Finance BUY above 3015, SL 2068 Tgt 3062
Adaniport - Retraced now ready to boomAdaniport retraced exactly at reversal point. Will see higher highs in it ... Targets on chart...
Petronet- FlagNSE:PETRONET Petronet just broke the flag and now ready to touch high... Targets on chart...
Infy - Pennant BreakoutInfy has Pennant breakout followed by triangle breakout and also retraced at golden ration... Will boom above 765.. Target on chart
TRENT Bull Channel Third Push UpEntry - Around 600, near the trend line
1st Target - 695.25 ( A bit lower than the previous swing high)
2nd Target - 795.05 ( Top of the channel and also a previous strong resistance)
Rationale - TRENT has been moving in a parallel bull channel with bull candle volume outweighing the bear candle volume. The 61.8% retracement level was also breached indicating strong bullish pressure for the 3rd push in the channel.
KOTAK Bank projected moves for positional tradersBreakout of triangle patterns give short or long signals...
INDIA MART - Important levels for positional trading/investingINDIA MART - Important levels for positional trading/investing
Positional Reliance looks a good buy above 1445Positional buy - Reliance with target of 1550 and more SL 1370
HINDUNILEVER- BUY ON DIPSStock had seen a good breakout in Friday's session from its 10 day trading range.
Any dip in the stock is likely to be absorbed in 2030-2015 zone.
I am Bullish as long as it sustains above 1990 levels.
Further resistance stock can face is around 2100 levels.
Granules - Breakout CandidateStock Has been resisting 175-180 zone , since late Feb 2020.
Now stock is again trading near those levels, hence any decisive breakout can take stock 220 -240 levels.
The said view will be negated below 145 levels.
DR REDDY ::: BEARISH POSITIONAL19 MAY 2020
INSTRUMENT: DR REDDY
TIME FRAME: DAY
Chart type used for confirmation: Renko
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish MOVING AVERAGE: Bearish SUGGESTED TREND: Bearish
Technical levels
CMP: 3691.95
Sell below: 3611.85
SL: 3725
TARGET 01: 3200
TARGET 02: 2876
My analysis of DR REDDY is it has completed the XABCD pattern and is below the 23.6 Fibonacci level. If it comes below 3610 would prefer shorting it for targets 3200 to 2876.
