BUY LICHSGFIN 470-475 FOR BOUNCE TARGET 495 LIC is touching the lower end of trend line . Assuming mkt is oversold and ripe for recovery one can buy LICHSGFIN around 470-475 for target of 495 ( upper end of trendline channel )
Reliance is in downtrend since last 15 days and approaching a round figure of 1100. Normally Stocks tend to take support around round figure......... Hence buy at 1100 for bounce. target should be at least 25 to 50 rupees on upside.
BUY SAIL AROUND 39.8 CMP IS 40. TARGET 5-10% UPSIDE BUY AND HOLD. ONE OF GOOD STEEL COMPANIES. WORTH HOLDING.
Banknifty Wolfe Wave Target 29200 to 29300 BUY at current Levels 28000........ Target 29200 to 29300. assuming the wolfe wave count is correct. Date 2nd August 2019 : CMP Banknifty below 28000 so one can comfortably buy and hold.
bajaj finance at weekly resistance 3750.... Time to exit
MFSL at support of the trend line 423 ------------------------------------------------ wait for reversal on a 15 min candle . buy above green candle high with SL of that candle......... Keep risk to reward 1:2 or 1 :3
Banknifty Daily chart with Trendlines
JET HAS FALLEN DOWN SHARPLY. AND NEAR SUPPORT LINE...... NIFTY ALSO DOWN FROM 8700 TO 8100.... IS IT GOOD TIME TO DO BOTTOM FISHING ? WELL RISK IS ALWAYS THERE IN ANY TRADE . TECHNICAL INDICATORS ARE NOT IN FAVOUR OF BUYING AT THE MOMENT. HOWEVER SOMETIMES TAKING CONTRARIAN VIEW HELP GET QUICK AND BETTER RETUNS . OF COURSE IT HAS INHERENT RISK AS WELL. SO...
SELL RUSHIL 645-648 SL 652 TARGET AROUND 610-600
JET IS BREAKOUT OUT FROM CHANNEL ( 530-550) BUY if hourly close is above 555 STOPLOSS 540 TARGET 575 , 595 RGDS Sandeep
AXIS BANK OPENED WITH GAP AT 614 AND RETRACED AT 600 TO FILL THE GAP. MACD DIVERGENCE ALSO IN FAVOR...... LOW RISK BUY CALL BUY AXIS BANK AT 595-600 SL 585
WELL I WENT FOR JET LONG AT 555 AND HAD TO STOPOUT AT 530 .... AGAIN NOW WHEN I AM LOOKING AT CHART RATE IS 450........ NOT SURE IF ONE CAN DARE TO GO LONG OR NOT.... DUE TO MILITARY ATTACK IT HAS GIVEN SUCH A SOLID DOWNWARD BREAKOUT.......
EARLIER IT WAS GIVEN TO EXIT RUSHIL AT 560 AND ALSO ADVISED TRADERS TO GO SHORT. ITS NOW APPROACHING CHANNEL LOWER END WHERE ONE CAN DO PROFIT BOOKING AT AROUND 520.
BUTTERFLY - BUY AT CURRENT LEVELS 183-180 FOR PULLBACK BUTTERFLY MADE A RECENT HIGH OF AROUND 212 AND SINCE THEN SHOWING CORRECTION NIFTY ALSO WAS DOWN 100 PTS TODAY. SO ASSUMING SMART PULL BACK , THIS STOCK HAS GOOD PROSPECTS OF REACHING 200 LEVELS QUICKLY . THIS IS NOT HIGH LIQUID STOCK . SO TRADE WITH CAUTION SHORT TERM TARGET 200
Book Profit in RUSHIL around 560 Dare davils can go short at 560
MACD divergence....... Classic buy call on CRUDE OIL BUY CRUDE OIL 3040-3030
CENTURY TEXTILE IS IN UPTREND SINCE LAST 15 DAYS ALMOST. ITS INCHING UPWARDS NON STOP WITHOUT ANY SIGNIFICANT CORRECTION. PRICE IS FOLLOWING CHANNEL SINCE LONG TIME . RALLY SHOULD FIZZLE OUT SHORTLY. ONE CAN GO SHORT IN OPTIONS AS TIME DECAY WILL YIELD GOOD PROFITS. HOWEVER THOSE WHO WANT TO GO SHORT IN FUTURES OR SPOT 890 IS GOOD LEVEL TO GO SHORT WITH SL OF 900
VENKYS MADE 52 WEEK HIGH A WEEK BACK AROUND 575 AND HAS GIVEN 10 % CORRECTION. OSCILLATORS ARE IN OVERSOLD AND ITS RIPE FOR TECHNICAL RECOVERY. IF BULL RUN CONTINUES IT HAS VERY HIGH PROBABILITY OF MAKING NEW HIGH OF 600 . HOWEVER FOR A CAUTIOUS TRADER 540-550 SHOULD BE EASILY AND QUICKLY ACHIEVABLE TARGET. TRADE WITH CAUTION. Rgds Sandeep