Walmart(WMT) is in a no trade zone. We need to wait for the stock to show us some direction. The trend based on the last 2 months shows upside, but the way the stock has fallen into the support area(130-133) doesnt look good. If the stock moves above 133, we can go long with a price target of 143 and a stop loss of 130. If the stock moves lower than 130, we can...
SHOP has consistently been taing the 29.81-31.79 levels as support multiple times. This level might not hold longer, causing the stock to plumet to the 28 or 26 levels soon. Short term bearish.
Axis bank is one fo the weeker banks today in the BankNifty pack. It is in the support area but the buy orders at support area were not sufficient to push the price higher. We can go long after the first 5 minute candle close above 730. We can go short after the first 5 minute candle close below 721
HDFC has a good support at 1430 levels. This is also the level for 200 day EMA. The stock is expected to move till 1466 as target with stop loss at 1429. Risk to reward of 1:2.25
HDFC is right at a support level, if the level breaks, then the next level of support is at: 2314 We can take a trade when the stock goes below: 2378. SL at 2397
The stock has been beaten down massively. The stock look bulish if it crosses 3590. We can go long with the Target: 3681 SL: 3558
SBIN looks bearish in the daily chart. SL: 529 Target: 500(a round level) Rish:Reward: 4 The next support level is 490.
looks bearish, we can short it at1067 levels Target: 1033 levels SL: 1070.
Axis Bank looks bearish, the target would be 720 levels and the SL: 760 level.
Due to global data, the market might open with a gap down or move down initially. The immediate support is at 38800, but since the market has already tested it once, this level might break if the market has higher selling pressure. The next level of support is at around 38400 levels. On the higher side, i see a resistance at around 39500 levels.
A very good breakout from the 1560-1580 levels. Since the breakout was a large candle, dont expect a major move today. Since 1600 being a round level, if it penetrates that level, then the stock can see a good upside. The stock might hover around in that area(1600 levels) for some time. Since the 1620 level has been tested couple of times with massive pull backs,...
Since the Market showed bullish signs yesterday. There are 2 possibilities. Red: If the market opens at the same level or a little lower, then market can hit the break out level before reaching the 39200 levels. The level 39200 is an important level since lot of short covering would happen at that level. Blue: If the market directly moves towards 39200, it might...
276-283 is an important level. There are two possibilites at that level: 1. I will go long at 283, with a stop loss at 275.5 with a target of 315. 2. It could also form a head and sholder pattern, causing the price to go lower to 235 levels. If I get stopped out at 275.5, I might take a trade in the short side.
You can buy at 140.75, with a stop loss at 137, and a target at 149.35.
Since this is the second time Reliance is entering the resistance, it is expected to breach the zone and We can go long once Reliance crosses 2652. with a 10 rupee stop loss. The short term target is 2672. A Risk/Reward ratio of 2:1.
Since the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery. Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the...
Apollo hospital is at a good support level, it can continue till 4200 levels, where it might halt for some time. This has a good risk to reward ratio(1:2). We can enter a trade with 10 Rs. stop loss once it goes above 4075
Since the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery. Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the...