Cup and handle breakout. If it is confirmed then it can go to 10.75, 11.1, 11.7, 12.35, .... with a stop loss of 9.5. It is for educational purpose and any investment shall be done after consulting financial expert.
BEL- CMP 1.25 - BEL is showing a sort of inverted head and shoulder pattern. With todays upmove it is confirmed. Volumes are also very good. RSI rising MACD rising. Longs can be initiated with SL of 110 for target of 123.5, 130, 140+ This is for educational purpose only and consult your financial expert before investment.
Biocon- CMP 463.9 . Today Biocon taken support at 20 EMA and raising. Earlier also on few occasions it took support at 20EMA and went up. RSI also took support and going up. MACD graph also started showing positive divergence. It is expected to go up and cross pervious highs of 487 and may cross 500 too, with SL of 451. This is for educational purpose and any...
Generic Pharma- CMP 10.45, It is on the formation of Inverse head and shoulder pattern. If this formation is confirmed then it can go to the levels of 14++. It can be bought with a SL of 9.5 for the targets of 11.31, 11.7, 12.8, 13.3, 15, 16. This formation will be confirmed above 11.7. Safe players may enter above 11.7. This is purely for educational purpose and...
BHEL- CMP 33.8, During recent fall it has taken support at 50 and100 EMA and gone up. It can be bought on declines for a target of 35.5, 36.8, 38.8, 40.1 an above. This is for educational purpose only and any investment decision shall be done after consulting financial experts.
PNB CMP 32.4 - PNB consolidated well between 26.5 to 28.5. Subsequently it broke out from these levels to reach a high of 42.65 on 9.12.20 subsequently it corrected and consolidated around 61.8% Fibonacci retracement level. It started its upward move since yesterday. Upward move is confirmed in hourly charts. RSI also started its upward reversal and MACD signal...
BEL- CMP 114.9 - BEL is trading in ascending channel pattern. It has fallen recently from upper end of the channel and taken support at bottom of the channel and is going towards upper end of channel. It can go up to 123 initially and can further move up to 130 levels soon can buy with a sl of 109. This is for educational purpose only and if any trade is done...
Coal India - CMP136.25 - Bullish - Taken support at 20EMA and reversed from 200EMA of 139. It has just below the lower end of channel. Above 137.6 it can go up to 140.85, 145.85, 152 and 168 with a sl of 130. This is for educational purpose only.
GAIL- CMP 120.15, It is in bullish trend. EMA cross overs have happened at 90 levels which is good indicator for rise. After recent correction its RSI is crossing the trend line above and which is also bullish in nature. In short time it may go up to 132 levels and may face resistance at that price. This is for educational purpose and any investment shall be done...
NTPC CMP 98.55, Can go to 107 and 114 by Jan 21 with a sl of 92. It is purely for educational purpose and consult your financial adviser for any investment decision.
IDFC Bank CMP 34.25. In yesterdays ie on 21.12.20 corrected by around 7.5% following general market trend and took support at 50EMA of 34.53. It is on ascending wedge pattern and after taken support at the bottom of wedge shall go up in near future and cross previous highs of 39 soon with a longer term targets of 44.3, 46.35, 50+.
UPL - CMP 449. It has fallen recently from the highs of 495 and is on recovery path. On Previous day ie on 15.12.20 it has crossed 20EMA and about to cross 50 EMA which is around 452. RSI is also reversing from support and on bullish trend. Buying above 452 can take it to 457, 462, 480, 495 in days to come. It is purely for educational purpose any buying or...
It is on breakout, cleared recent multiple tops. Shall go to 238++ easily. Already cleared and above yesterdays volumes. It is only for educational purpose. Before taking investment take financial expert's advice.
Idea -CMP 10.10, It is trying for breakout for few days. It has crossed tripple top on closing basis at 9.95 and yesterday it closed with huge volumes on upward trend. Even OI rise of 10% in futures is an indication of building of long positions. ESI is trading above support and MACD is about to cross its signal line both are positive indications. Chart pattern it...
NTPC CMP-102.4, Channel breakout. On last working day it made huge volumes of around 2.5 times previous volumes with a price rise of 5% and OI rise of around 2%. MACD and RSI are also indicating positive. Option chain indicates good support at 100 as calls are cut and puts are added till 100 significantly and also reduction in calls are happening at 105 also. It...
IOC- CMP 93.85. It is bullish, if it closes above 95.5 then can go to 101.75, 108.6, 116.55 in short term. RSI touched support and turned bullish at close. MACD also bullish on daily charts. It is for educational purpose only.
Dabur- CMP 511.9 RSI crossed resistance zone and MACD line is also crossing signal line and it is going up even on correction day. Its run will continue. This is for educational purpose only.
Vodafone Idea- CMP 9.85. Today at closing it closed positive. Today cash volumes are also almost double the previous 3 days average volumes, also future OI rise is also at healthy 8% with price rise. This indicates formation of longs in the counter. Recently it has touched 20EMA line and reversed from that level which is also a healthy indication. RSI is also...