IT stocks more or less have digested Q1 results...Commentory from most of the Large Cap and Midcap is not that great...But our chart is saying some different story... Will it follow our ARC, if so can retest ATH in Jan 2022 by end of December....Lets see... Mphasis LTTS LTIMindtree
Follow the ARC and enjoy the IT stock where there is deep pessimism. 5800 6000...Buy on all dips Stop 4300 on Closing basis
Glenmark at 792 - 793 is looking good with Stoploss 780 Target 820, 840, 860 Low Risk High Reward Opportunity... MACD is turning Bullish on Hourly Chart...
Nifty might take support near 19560 to 19580...Even at current price 19615 long opportunity looks good with stoploss close 19520 closing basis...
Look at previous history, I believe there is still good amount of steam left in Smallcap Index stock. I think we will see ATH in September above 12000 and we can extend upto 12500 12600 zones and then sharp fall will be expected in October/November which can be good opportunity for last leg rally towards 15000 zones... My advice for next 2 months will be to...
By end of January 2024...Brent Crude is expected to be above 120$... Energy Stocks expected to do well...
Initiated buy call at 304 in previous idea. Just following up on chart with revised Stoploss... 370 375 will be crucial levels now for Long position.... Stock has potential to touch 600 before January 2024...
LTTS - Continuing with previous post for LTTS...I think Impulse move has started...Look at bigger picture...
LTTS is clearly in channel and it is heading towards 4500...Buy on all the dips...
Stock is available right at support...Buy at current price 177 and on dips upto 172....Stop 160 on closing basis...Target 215 230 in couple of months
Hourly chart is turning Bullish...stay above 19385 upside looks imminent. 50 DMA Support available around 19300 zones... Stoploss close below 19280...
190 to 203 zones are perfect opportunity to add this stock. Many stocks have risen so much in short span of time...identifying stocks with Bullish pattern for Medium term and having substantial correction should be our focus area...EPL is one such opportunity for us..
DXY downtrend is usually good sign for Equities... DXY is near resistance now...if it has to reverse i think it should happen in couple of days... 104.80 104.85 will be stoploss for bearish trade... Short at current level 103.5 to 104...
Multiple bullish pattern are visible in Glenmark Pharma...Positionally looks good for 660 700 in medium term and then 1000 plus target in long term.
After giving sell call between 460 to 490 in December 2022...Now looks like Buying is emerging and stock has potentially bottomed out. Rounding bottom seems to be in progress now with weekly MACD giving buy signal and daily chart is now moving above short term moving averages... Buy once closes above 310 with closing basis Stoploss of 280 for medium term target...
INTRADAY reversal seen from SUPPORT ZONE... Medium Term can buy at CMP 320 and on dips upto 310...Stop 290 on CLOSING BASIS... 345 immediate target followed by 378 394 410 DONT MISS THIS
The time to buy Blue Chip stock is when there is lot of uncertainity around it and Infosys if we look at volume structure and price action yesterday...I believe all the dips will be bought... I am assuming 1185 low wont breach and all dips upto 1220 1240 should be bought..before next quarter results stock will be available above 1450 zones...
Initiated buy call in April at 1220 1240 zones and booked 50% around 1400 with 17RS DIV.... I think 1450 to 1470 should be zone to book other half... Once we get close above 1470 on weekly basis we will open up for 1760 1800 zones...