ParimalDevnath

ParimalDevnath

Buy at 271. Target 285+. SL 268. Breakout stock in strong uptrend, consolidation seems to be over.

ParimalDevnath

HCLTech Buy at 963-66. SL 958. Target 983-86 even higher depending on buyback price. Buyback offer of shares at market price to be decided on 12th of July 18. This is like TCS buyback which made strong upside.

ParimalDevnath

Buy at 373-375. SL 369. Target 1 381, Target 2 395. Rationale: FMCG, Growth stock, Good Monsoon.

ParimalDevnath

Target given has been achieved. One may like to book profit.

ParimalDevnath

Some tepid move above 50 DMA is seen. Nifty is consolidating in a range. Bulls have been guarding 10600 Puts strike and increasing position at 10700 Puts strike. Bears are looking weak at 11000 Calls. It is possible that a breakout at 11000 will happen in near future. On 14.5.18 Nifty touched 10920. So this level may be watched carefully. Q1 results will start...

ParimalDevnath

Go long at 832, SL at 820 on closing basis. Target 960 and above. Logic: 200 DMA may tell us that correction is through, Positive Divergence, 800 Put is the highest OI so this is a firm support.

ParimalDevnath

Buy above 943, SL 935. Trgt 960. Rationale: Good monsoon, price at breakout point, uptrend, growth stock.

ParimalDevnath

Price at resistance point which is 1340-43. Go long with a stop loss of 6-7 points-- SL at 1334 if price goes above 1341. Target is 1359. Rationales: Consumption theme (in strong bullish phase). AP is a market leader. A breakout stock. Goo risk reward ratio.

ParimalDevnath

I gave the level for trade at 1900, now 1914. In future I shall be quite specific in giving a trade call.

ParimalDevnath

Price at crucial resistance point 1900 where bears have written Calls. Crossing this and staying above will give a big breakout. Else correction. Q1 result next week.

ParimalDevnath

Nifty did not do anything meaningful today-- just a move of 20-25 points. Cause may be attributed to RIL and Infy correction. Fundas are same. Bulls are holding onto 10600 Put with the highest OI and bears are guarding 11000 Calls and bears are a bit weak. Trend is missing. Range is yet to be broken. Stock specific actions are prevailing.

ParimalDevnath

Price again at support of 200 DMA. Holding this MA should go up. Or else down slide. So trading can be initiated with a small SL.

ParimalDevnath

AP at crucial resistance of 1340-- highest Call OI. It is also a Triple Top pattern. Crossing this will give a big breakout. Price took support at 50 DMA. Unable to take out the level of 1340 decisively, will correct and consolidate for sometime. Consumption theme. Covering this market leader since the bottom was formed. It is a buy on correction.

ParimalDevnath

On breakout, sometimes a pullback may occur. It is just like pulling the string of a bow to give momentum to an arrow. Cipla may be doing the same thing.

ParimalDevnath

Price correcting/ pulling back towards latest breakout level. This is important. We shall remain watchful.

ParimalDevnath

Correction is in place as mentioned in the last post. Better not to go short. Wisdom says have patience, let correction be over. Correction due to profit booking does not mean that TREND has changed.

ParimalDevnath

Took support of 50 DMA and made some meaningful move. Oi table shows that Bears are slowly reducing their hold at 11000 Calls. Bulls are dominating at 10600 Puts. If bulls are able to gather courage, Nifty may face resistance at 10880 to 10920 range, swing highs. Despite tormented international markets and trade wars Nifty is showing grit.

ParimalDevnath

Broke out on the expected lines. Covering this consistently. Now 1711 is the resistance. New highs are expected. It may take time since traders will book profit.