RSI divergence is being seen from a long time as shown in the chart. Also TCS is showing signs of making a short term top near these levels.
Hence, It would be wise to stay away from this stock for the near term.
KOTAKBANK Has come back to an accumulation zone of 1700-1730 investors and traders both can start adding positions from a medium term perspective for good gains backed by the chart structure and ahead of results coming on JULY 22
BUY - 1700-1730
TGT - 1810 , 2000
SL:1690 on closing basis
BUY @ CMP
TGT - 141.65
SL - 112 on closing basis
Time Frame - 15 Days
There is a cup and handle formation on the daily charts of ONGC. It may retrace to 119.50 to test support and give a rally from there on.
Keeping a Stoploss is very important in this trade because the overall rally in the broader market seems a bit overbought and stretched.
Rounding Bottom formation showing signs of reversal
For Aggressive traders only since overall financials are underperforming the market and also on verge of a breakdown. It is a contra call since it has shown good traction in the last few days.
BUY @ CMP
SL: 1790
TGT: 1902
TIME FRAME: 3-4 Days
