Div_Trader

Div_Trader

We have seen some Profit booking and Selloff in Global markets and Indian Markets are not spared. Banknifty will test 21000 Zone next which is a critical one. If it fails to hold and closes anywhere near it, then more selling may come before some relief bounce.

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Axis Bank has formed a Bearish pattern after a selloff from 533 to 525. Stock is on the verge of Breakdown. Currently trading at 442 levels which is very important to hold. Target if Pattern works are 425, 415 and 404. Pattern invalid if daily closes above 455 levels.

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Kotak bank showed Bullish RSI Divergence on hourly chart and the price bounced as expected... Now There is a Bearish Divergence on the hourly chart again which indicates The price was not able to move up as fast as it had too. One can try and go long at 1310 with a stop loss of recent local lows of 1300. If price closes below 1300, IT can go towards 1270. On...

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Bearish Divergence. Longs be careful... Take profit and Short the bounce.

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Look for shorts... No new longs. Close longs.

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LIC housing Finance is Making Potential Ascending Triangle Pattern on Daily charts. Breakout of 300 and retest of this zone will confirm the pattern. Targets are 335, 350 and 380. Stock may take time to reach this levels as its a slow moving stock. Trade Safe and look at it as a long term investment.

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No Prizes to guess the pattern. IH&S marks the bottom for this stock. Conditions: 1) Breakout of 197 zone. 2) Close above 197. 3)Retest of 197 once breakout occurs. Targets: 1) 212 2)230 3)342 Trade safe.

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A Successful Break and retest of 57 zone is important for the pattern to work. 1st Conservative target is 62 and 2nd target is 72. Invalidation if daily closes under 46.

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Apollo Hospital Stock is trying to breakout of 1450 zone. A daily close above 1450 is important for our target of 1520 , 1550 and 1620. A Breakout with volume is needed.

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Muthoot Finance Broke Previous All time high recently and have managed to Pump 30% more in just few days. This move was Quick and with Huge volume. Because it was quick, its hard to believe that the move will sustain for more upside. On breakout, it left a gap at 1000-1036. Stock is over all bullish but the probability of filling this gap before resuming up...

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RSI, MFI and Stoch RSi shows Bullish divergence on daily chart. A bounce is imminent... Find your entry near 300. Big move possible if daily closes above 330+

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Indigo stock has seens pretty good rise in price...Now trading at important zone. Price is trading at trendline resistance. Crucial to see if it breaks this Downtrend Trendline this easily or after a pullback.

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Target 570

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Oscillary indicators indicates top is close and stock may correct towards 650 and under depending on the sell off and over all market conditions.

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Amaraja Battery Consolidated nicely and broke upwards from the range for a good 12% upmove. Now, the stock is at important levels of 650-655 which happens to be near 200 daily moving average(DMA). If this stock is to give any correction towards 570-580 zone then it has to be from here. On the other hand, Couple of daily closes above 200 DMA would open gates for...

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Ascending Triangle on the verge of breakout A breakout and a restest of 172 zone will confirm. Target 1: 200 Target 2: 215

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Bajaj Finance has been hit the worst in the recent selloff. Its Trending Downwards with volume increasing every day. 1830 was/is Important weekly support zone but looking at the volume and strength of this trend it seems that the stock will continue down towards 1600. Next weekly support is 1600. If you are looking for a meaningful bounce on this stock then it...

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Today HDFC bank stock price broke out of the ascending triangle and pulled back after a short rally. Ascending Triangle Resistance is at 960 region and which should act as support now. A Successful Retest of 960 zone is required for this pattern to work. I would take profit at anything close to 1100 or 200MA on 4 hour time frame. This Pattern is invalidated if...