HAVELLS - Butterfly Harmonic pattern The butterfly harmonic pattern has posed a target near 1520 levels. One can go long with a SL of Point B. Wouldn't suggest options here, since the time frame used is Weekly. One can go long in futures with a strict SL of point B.
NAZARA - Insane momentum built-up short term target of 816 has been triggered through Elliot waves. Maintain a SL of 620
LATENT VIEW - Absorption of supply inside a cup First signs of a stock bottoming out. One can go long with a SL of 50 ema.
MINDTREE - Confluence of Ichimoku cloud & retest zone The risk reward ratio is favorable here. One can go long with a SL of last swing low.
RAYMOND - VCP Good compression of volatility here. Expansion is left now.
BIOCON - Hidden bullish divergence accompanied by max volume at profile support. The risk reward ratio is highly favourable here. One can go long with a SL of this week's low.
GLENMARK - Momentum buildup at major demand zone One can go long with a SL of last swing low.
TANLA - Pennant breakout at 200 ema & max volume at profile support. Keep strict SL of 200 ema
BRENT CRUDE OIL - The bat harmonic pattern is activated here Target = Point D SL = Point B
NIFTY - Double inside bar formation Nifty is trapped inside a 376 point range. A breakout on either side will invite massive targets. Initial target for a breakdown should be placed at 17160. One can go aggressively short below 17160 and aim for the below highlighted 2 gaps. A breakout on the upside can invite 18153 as targets.
PRAJ INDUSTRIES - Stock near PRZ Might take out fresh all time high due to increase in price if raw sugar. Keep in watchlist.
GAIL - Good structure formation here One can enter above red line (daily close), with a SL of 128.
NIFTY - Inside bar formation A breakdown/ gap down opening from the parallel channel will invite the following targets - 1. 17160 2. 16793 However, there are 3 more gaps visible on the downside. They would tend to fill only if macros go out of control. Till now, downside is predicted only till 16793 levels
NAHAR SPINNING MILLS - Case study Watch the following characteristics - 1. Stock made a massive rally accompanied with good bullish volumes. 2. Stock corrected more than 60%, however the bear volumes are extremely low in bringing the price down (Good sign). 3. Stock accumulated for 3 months inside Wyckoff accumulation. 4. Breakout & retest from...
RADICO - potential cup breakout accompanied by golden crossover. One can go long with a SL of 200 ema.
FEDERALBANK - Retest of breakout accompanied by hidden bullish divergence Target - 117 SL - Today's low.
ZYDUSLIFE - Retest of Wykoff accumulation A reversal seems eminent here. The risk reward ratio is highly favourable.