ULTRATECH CEMENT - smoothed cup & handle formation. Good bullishness possible above supply zone.
CLEAN SCIENCE - Stock in wave 3 One can enter with SL as point 2.
RATEGAIN - Buy for the targets of point 3 & 5 SL - Point 2
NIFTY IT - Wyckoff accumulation & Momentum buildup. The index is beautifully setting up for the next leg of rally & can easily make it up to 33200 levels within next quarter. Stocks to accumulate with same structure - LTTS, LTI, INFY, KPITTECH, WIPRO. SAFE BET - NIFTY IT BEES
ZENSARTECH - High probability reversal set up. Price is making new lows, however RSI is refusing to follow. Signs of a fake fall. The set up might reverse any day. One can enter with a SL of 218.
TATA POWER - pennant breakout One can go long with a SL of 50 ema
CAMPUS - Simple breakout & retest structure One can go long with a SL of 420 / 400.
POWER GRID - Double cup & handle breakout The recent structure formations have added to the strength of the breakout.
KPIT TECH - Typical Wyckoff accumulation target - 600 & 640 SL - 200 ema
NAUKRI - I see a breakout & retest of the pennant. Structure seems bullish above 200 ema.
AFFLE - Strong structure formation here. The risk reward ratio seems favorable here.
GAEL - Pennant breakout here One can go long with a SL of 50 ema
ORIENT HOTEL - Smoothed rounding bottom breakout here Target - near 98 levels SL - 21 ema
FCL - Smoothed rounding bottom breakout here Target - 30% SL - 21 ema or 8%
GNA AXLES - Wykoff accumulation accompanied by major cup formation in the longer term. A breakout above the box can invite healthy targets here. After breakout, go long with a SL of 200 ema.
NIFTY - Analysis At present, the market has created a large inside bar ranging between 17161 to 17340. A breakout of this inside bar on either side, will make the trend more clear. A breakout on upside, will invite target - 17760 A breakout on downside will invite target 16760. Also, please note - market will be stock specific now, meaning a select few stocks...
KOTAK BANK - ABCD Harmonic pattern A breakout at Point B has invited targets for Point D, i.e., 1930. Risk aversive players can make a covered call here. i.e., Buy futures Short OTM CE