We are witnessing a Triangle formation on a daily chart in NSE:AUROPHARMA . We are waiting for a Triangle Breakout on either side. Downward breakout can lead the stock to 665-675 levels whereas an Upward breakout can lead to the stock to reach around 840-850 .
Buy NSE:KOTAKBANK around 1122 Target 1 : 1174.6 Target 2 : 1201.15 Stop Loss : 1094.75
Sell NSE:DISHTV below 53.35 Target 1 : 48.35 Target 2 : 45.65 Stop Loss : 56.55
There is stiff resistance around the 1250 mark for NSE:RELIANCE and a failure to break it can mean more downside with the target being around 1140 levels.
NSE:KPIT took support today at the level near 220 which is similar to the levels where breakout happened earlier in March this year. LEVELS DO MATTER!!!
NSE:KPIT has been constantly taking support at its 50 Day EMA for the past 1 year now. It has provided so many opportunities for entry and its once again at its 50 Day EMA which has acted as a strong support level. it is also trading at a Trendline if we see the Weekly chart. I continue to be long till the time it breaches its long term support which is its 50...
NSE:YESBANK fell almost 31% as it hit a low of 218.1 which is almost the same low that it hit in the end of 2016 and the starting of 2017. A strong support is placed at the same level. RBI has asked the CEO and MD of Yes Bank, Rana Kapoor , to leave his post which lead to such a big intraday fall. Yes Bank has been given time till January 2019 to find his...
Trade : LONG CADILA HC @ 415 TARGET 1 : 443.15 TARGET 2 : 464 SL : 399.5