0.5 retracement level coincides with previous resistance levels. Moreover, RSI shows lower momentum in the same time period.
Short term bet on Delta Corp
Andhra Bank shows start of a long term uptrend after reversal confirmation. Awaiting the results on 6th August, taking a bullish position with mentioned marks could be positive.
Jain Irrigation is trading between the levels of 68-76. Any breakout outside these levels will start a new trend, hence position building would be preferred after that event. As of now, since the price is in a trading range, buying at lower band (around 68) and selling at higher (around 76) would be appropriate.
Sell Ansal Housing for a short term target of 20, SL 28
NSE:CANTABIL may be destined for a short term downtrend. Lower RSI levels would act as a fuel if more red candles are formed in couple of days.
Spurt in volume on1st Aug, may lead to positive breakout, with levels of 65 and 100to be tested. SL of 40 to be maintained. NSE:JMTAUTOLTD
Stock forming new low, supported by low RSI and BB lower band.
Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.