BCL INDUSTRIES - The BAT harmonic pattern. The pattern activates above point B. Target = Point D No entry unless Point B is sustained.
NIFTY - Analysis Formation of the BAT harmonic has triggered a short term target of 17800. However, expect momentum to slow down as the premiums for stocks seem elevated. One can maintain long positions with a SL of 17428.
GOKUL AGRO - The CRAB pattern A close above point B has triggered a target of 101.8 One shall maintain a SL of point B.
BOROSIL LTD - Rounding bottom formation Wait for a daily close above 460, to initiate a long trade. Target = 30% Stop loss = Red line (POC).
GODREJ PROPERTIES - The CRAB pattern A breakdown below point B has initiated targets for point D, however since consolidation is going on, we will wait for a breakdown below 1130, to initiate fresh shorts.
HDFC BANK - The BAT harmonic pattern A daily close above point B, will initiate fresh longs for the target of Point D. One must wait for a definite closing above point B.
TATA CONSUMER - Breakdown There seems to be absolutely no volume at profile support here. Moreover, it also broke 200 ema. One can short with a SL of 780.
ABB - ABC harmonic pattern One of the prime wights in capital goods sector. Upon breaking out from Point B, one can aim for Point D as target
POONAWALLA FINCORP - Stock near rounding bottom breakout Target = 30% SL - 280 Personally buying for portfolio.
NIFTY - Update & further analysis As mentioned last week, Nifty filled the gap on the upside & now resumes it journey on the downside. (Refer last week's analysis attached above). Strategy - Buy on dips with preference to the following sectors - 1. PSU Banks & NBFC - (SBI, FEDERAL BANK, IDFC FIRST, BAJFINANCE, SBI CARD, POONAWALLA FINCORP) 2. Capital Goods...
ZOMATO - Seems like the stock has bottomed out. One can add here for portfolio perspective
PIIND - Too tight of a support here does not seems to break further lows
LAURUS LAB - The DEEP CRAB harmonic pattern activates a medium-term trade here. Conservative traders can wait for a breakout above point B. Risky traders can enter at current price with a SL of Point C.
LUPIN - Channel breakout accompanied with 200 ema support. One can go long with a SL of POC (Red line)
JAI CORP - The recent structural breakouts have added to the strength of the stock. The stock seems good to make further highs from here.
AUROPHARMA - High probability reversal of polarity zone accompanied with momentum buildup. One can go long with a strict SL of 500. The set up provides good risk reward ratio here.
NIFTY PHARMA - Choose your favorite pharma stocks. My picks - 1. ZYDUSLIFE 2. AMI ORGANICS 3. AUROPHARMA 4. GLENMARK
ASTRAL - ABC harmonic pattern accompanied with hidden bullish divergence at maximum POC support. The set up invites targets of the point D. One can maintain a SL of 50 ema + 1%