indiabulls housing finance showed an excellent rally but due to pressure from global markets and expiry we have seen some good correction. we are anticipating stock to show some consolidation. On downside 263 is very crucial support so the idea is to buy or accumlate at the support of 263 for the targets of 313.
century enka showed excellent rally and from last three days an excellent consolidation forming pole & flag pattern on 4H chart patterns. breakout will attract immediate target of 420 on downside 372 is important retracement level.after 420 another attractive level is 450.
GIC HOUSINF FINANCE, A COMPANY FROM NBFC SECTOR RECENTLY TOUCHED 52-WEEK HIGH OF 153.90.THEN SHOWED CORRECTIVE MOVE OF 10% DOWN TO 139.05. NOW FORMING A STRONG BULLISH CANDLE ON 4H TIMEFRAME. TRADING IDEA IS TO BUY IF CURRENT 4H CANDLE CLOSE AS STRONG BULLISH CANDLE AND VERY NEXT CANDLE BREAKING HIGH OF PREVIOUS CANDLE FOR THE EXPECTED TARGET OF 153-154....
INDIABULLS HOUSING FINANCE, STOCK FROM NBFC SECTOR SHOWED AN EXCELLENT RALLY FROM 227 TO 263 AFTER THAT BIT OF CORRECTION AND CONSOLIDATION. NOW AGAIN APPROCHING LEVEL OF 263 WHICH IS A SMALL HURDDLE ONCE IT BREAK 263 SUGGESTED LONG ENTRY FOR THE TARGETS OF 272 AND 280
YES BANK is considered as worst performing stock but chart patters of YES BANK are showing range bound consolidation which may give breakout in outperforming market and may soon show levels of 14.10,14.40 and 14.95. Entry can be planned @ 13.65-13.70 with Sl@ 13.15
tata power is trading in uptrend on 4h timeframe with trend line, an counter trandline mforming symmetrical tringle on charts which suggest strong buying opportunity @100-102 levels for the targets of 106-107 and final targets of 114. Alternative short opportunity is break on downside of T1 trendline. Targetsn for short trade are 91 and 87.
GBP/NZD haas been in clear uptrend. forming an double top for reversal but as per trend i would like to go long on GBP/NZD at 1.9588 if supply zone is not broken for the targets of 1.9825. Alternative view is going short after breakout of the level 1.9588 on 4h time frame and retest for the targets of 1.9440. let me know what is your views.