Sure, let's break it down in simpler terms: "MRPL, which stands for Mangalore Refinery and Petrochemicals Limited, has been forming a rounding button pattern over the past 1.5 years. This pattern suggests that the stock has been consolidating, meaning it has been trading within a certain range. Now, based on this pattern, it seems like a good time to consider...
This week is very tricky week. It may show bullishnes in first half of the week and then rejection may take place. After that Bear can take charge.
BOROLTD but at 330-336 Tgt- 350, 370,390 Sl 310. If Boroltd open above 336 & make red candle then take entry after taking support. Follow proper price action
If you had seen my previous analysis,I clearly said, Banknifty is breakout in daily time frames. I'm long on banknifty positional basis from 34378. My target is 35370 (should book few position here),36200
COLPAL buy above 1560-70 Intraday target :-1580,1590 SL 1541 or 1563 (according to your risk appetite) Positional Traders can buy here. SL 1541 Target 1624 But it is better to trade in intraday
I told day before yesterday that banknifty will fall first and then in next day, it will again rise. Banknifty reacts exactly the same as I predicted. BNF buy above 34370 Target:-34800 As per open interest, 34000PE added huge OI and 34500CE, 35000CE seems equal OI which indicates a rally !! Once if breaks and manages above 34560 will try to move 34800...
Scalping Deepakfert sell Deepakfert below 606 Target 600,594. SL 607 (risk is 1 point) If it falls it will touch the target within few minutes. so go with the momentum. As on the chart, there is superb trendline support on the 1-hour chart. so, buy Deepakfert if it takes support above 608 for the target of 615, 625, 640,650 (Swing Trading). For buying, you need...
I already recommended to buy ITC at 204 level. Now it breakouts in weekly basis. Buy Itc at cmp Target:-306, 321,343,400,500,700,800
WIPRO Buy at 400-420 Accumulate till 300 Target 600,700,800 e.g-If you want to invest 1 lakh then buy Wipro now at 400 with 35000 capital. If wipro fall till 300 then buy again with 65000 capital
Positional view:- 32550 has good support. If break 32550 (spot) in downside, it may fall till 31100, 29088. 31100 is next support line which should not break. Intraday:-Banknifty may open negative near 33580 and move in a range to consolidate.It may fall till 33490. Watch if Bank nifty holds above 33485 then may move up towards 33623 and 33728 but if it breaks...
Banknifty buy above 35772, Target 35850, 35985, 36030(****reversal zone),36200 SL-35700 you can buy 35700 call current expiry with 36300 call sell Index level:- Bank nifty today may open gap up near 35850 and may create breakout pattern. It may move up towards 35930 and may test 36000 in upward. Expect minor profit booking near 36000 and sustaining over 36000...
PEL sell below 1632 Tgt 1626,1620,1605;1595,1580 SL 1650 *Downside breakout in PEL
Nifty is trading at the channel. Bullish flag pattern. previous week, in the class, I have mentioned that Nifty is not bearish. It is forming bullish flag and pole pattern. just look at the response of Nifty. isi fall me investor ka hawa udh gaya. Just think, jab sahi me correction hoga to kya hoga. so ,please keep in hedge
ADANIENT sell below 2096 for the target of 2089,2080,2070, 2050. Please take trade after candle close below 2096. Suppose it opens below 2096 then your short level would be 2077 for the target of 2070,2060,2050,2045 Reason for short trade:- Daily breakout for the short side.
ADANIENT sell below 2097 as it was given breakout in downside in all timeframes. It may bounce once as it is in an oversold zone. After that, if it breaks 2097, u can sell. else, if it breaks at the opening with volume you can sell. Target 2090,2085,2070,2065 SL 2112
HEG is now looking attractive for Swing Trading of a bigger trend. Buy HEG above 1109 Target -1200,1240, 1300,1400,(book half of your position and again accumulate in below level. 1580,1640,1800 SL below 1040
HEROMOTOCO buy above 2437-2460 Target -2500, 2555. 2600, 2640, 2700 SL below 2280/ 2395 as per your risk Better to create option strategy Buy HERMOTOCO 2500 CALL along with Sell of 2600 CALL May Expiry Max loss:-9000 Max. Profit:-19000
DMART sell below 3690 Tgt 3680,3670, 3650, 3630, 3615, 3600,3540 SL- 3730