Sriramulu-Bonagiri

Sriramulu-Bonagiri Updated 

Hi Traders, As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-. ...

Sriramulu-Bonagiri Updated 

Hi Traders, As per the above chart , UPL is currently at good support zone, if the price breaks the support zone in downward direction and closes below Rs.693/- (in 1 hour chart) you can take the short trade, stop loss is based on your risk appetite and Target 1 is Rs.640 to 630 and Target 2 is Rs.600 to 590/-. 1 Lot of UPL futures is 1300 shares and margin...

Sriramulu-Bonagiri Updated 

Hi Traders, As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop...

Sriramulu-Bonagiri Updated 

Hi Traders, As you can see from the chart ITC LTD is in downtrend from 9th Feb 2021 but now it is at the point of breaking out the downward trend line in upward direction. You can take the trade at Rs.213.25 (Buy) and Target -1 is Rs.226.5/- and Target 2 is Rs.237/- (Exit). Stop loss is based on your risk appetite. This trade is for Positional trade (i.e. for...

Sriramulu-Bonagiri Updated 

Hi Traders, As you can see from the above chart ZEEL is range bound in weekly chart from Oct'20 and in day chart also it is range bound from some time. Currently ZEEL at strong support zone i.e. at Rs.170 . Based on how markets will open tomorrow (23-08-2021-Monday) we have to decide which type of trade we should take. If tomorrow, 1 hour candle is closed above...

Sriramulu-Bonagiri Updated 

Hi Traders, As you can see from the above chart, India Bulls Housing Finance (IBULHSGFIN) is in downtrend from last two years and in side ways in recent times. Current market price is at Rs.271.10/-, which is near a strong support zone. Strong support zone is between at Rs.259 to 250. If the price breaks the support zone in the downward direction then you...

Sriramulu-Bonagiri Updated 

Hi Traders, As you can see in the Chart Reliance CMP at the end of 22-07-2021 Market is Rs.2,120.70/-. In Positional trading we have a short trade opportunity because the price approaching Supply Zone. We can take the Short position between Rs.2,160-2,170/- and target is Rs.2,090-2,080/-. Take the trade after confirmation candle only (i.e. when price enter...

Sriramulu-Bonagiri Updated 

Hi Traders, As we can see from the above chart, Reliance is Range bound between 2150 to 2070 for a period of one month for now. The current Spot price is 2073 which is near the strong support area where price already taken the support more than 3 times. In today's market if this strong support area provides support for one more time without breaking we can...