Hi Nifty has a resistance around 11980 and 12025. Will definitely try to short around these levels for recent lows or even more downside towards 11780. The SL for upside could be around 12050 - 30 mins closing basis. The RR is towards short side.The Chart is self-explanatory. Although MACD is positive at the moment but its below zero line...and will definitely...
HI Bank of Baroda seems a good buy above 96.65, with a SL of 93.50 and targts around 103/108. Risk Reward around 1:2 / 1:3. MACD is turning positive and on the verge of giving a buy. RSI is above 50.
Hi This is for a short term buy. It seems Cummins India is a short term buy above 564.80, with a SL of 544 and targets around 600/620. The Risk Reward ratio is around 1:2 & 1:3. MACD is showing divergence on daily chart and has given a buy signal. RSI is nearby 50 and is in with sync with the up-moves as of now. So with this small SL in mind, we can initiate longs.
Hi As of now, seems nifty is running in a 5 wave structure. As of today, it has completed 4 Waves (Pl refer Chart). 5th Wave is pending and might get completed near 12300 levels. Also we need to be careful near 12100 levels, in case if 5th is a truncated wave. As of now, we can go long with SL of 11780 , 1 Hour CLBS for the above said target. Any close below 11750...
Hi Federal bank seems a good buy above 85.30, with a SL of 82.10 and target around 92/95/99. MACD is positive also its showing divergence. RSI is just a tad above 50. RR ration is around 1:2/1:3 So can buy with this small SL and small quantity.
Hi It seems Mindtree will go up in coming days. We can buy it above 726.30, with a SL of 708 and targets of 760/780/800. The RR ration is around 1:2. MACD is showing divergence and turning positive for short term. RSI is above 50. We can take small chance to go long.
Hi As of now Nifty has a big hurdle at 11935 and the next hurdle placed at 11987 and above that 12075 as per FIBO. And Support is around 11710. MACD is hinting towards a imminent correction, so we can see a dip coming this week towards 11710. If 11700 holds this week we can see 12100 /new highs in coming weeks. As of now, we need to be cautious at the said level...
Hi JSW steel seems a good buy above 239.70, with SL of 226.80 and targets of 255/265/270. MACD is very much positive. RSI is above 50. This is just for short term buy, a trade and not an investment.
Hi City Union Bank looks like a good buy above 214.60, with SL of 207 and a target of 227/233. MACD will soon cross over. RSI is above 50.
Hi M&M Finance seems a good buy for short term. Can buy above 339.80, with SL of 327 and targets of 365/377. MACD is positive and RSI is above 50. The RR is 1:2. So its worth taking a risk.
HI Tata Steel seems in a upside momentum as of now. If it goes above 369.20, we can buy it, with SL of 356 and target of 389/400. MACD is also positive. RSI is above 50. Volumes is slowly increasing.
Hi Motherson Sumi has made a bullish candle, and seems poised for a short term rally. The RSI is above 50. MACD is very much positive. We can buy it above 108.60 with SL of 103 and targets could be 118/125/135 and even go till 150.
Hi Lux Industries is a short term buy above 1234.30 with SL of 1196 and targets of 1280,1330. RSI is well above 50. MACD is positive.
Hello, Vedanta looks like a complete sell for short term period. Below 145 it can test recent lows of 125. This view gets invalidated if we get a close above 152.50. MACD has just started to give a sell signal. RSI is tilting towards a sell sign.
Hi Apollo Hospital seems a good buy above 1455.50, with SL of 1422 and target of 1520. MACD is almost on the verge of cross over. RSI is above 50 Risk reward is around 1:2. Hence seems a very good buy above the said level.
HI It seems Nifty is in a contracting Triangle, from last few days and hence the confusion. Putting forth a new perspective, Lets see how this pans out.
Hi The Chart is self explanatory. The 5th Wave is the largest one, & as per the Elliott Waves theory, if the 5th Wave is the largest, it retraces up to 61.8% of the 5th wave. The target at 61.8% comes to 8900. As per me the Wave started from early 2012 and completed recently in 2019 July, so it took almost 7 &1/2 years for the completion of the big wave. So it...
Hi Sail is looking good for a short term buy. We can buy above 33.90, with SL of 31.90 and targets around 36.30/38/39. There seems a positive divergence in MACD. RSI also is in sync with the price movement.