iitiantradingsage

iitiantradingsage Updated 

For long term I am seeing a downfall in #GLENMARK in coming future irrespective of overall market direction. CMP 437 Possible support levels 367, 270, 200 Reasons behind this view: 1. Head & Shoulder 2. Downward Trendline 3. Crossed below the crucial level based on SMART Players

iitiantradingsage Updated 

Pharma Sector looks in a pressure for a down move and we can see Granules following downtrend despite overall market towards upside. It would be good to go with hedge position of Shorting 300CE and Buying 330Ce for hedging.

iitiantradingsage Updated 

Havells is on the verge of breakout of Lower Low Lower High Trend as well as the Down trendline. CMP 1289 . in case price comes down then averaging can be done till 1190 which is strict stoploss as well with strict stoploss of 1500

iitiantradingsage Updated 

ICICIPRULI Have broken out of two Downtrends and coming up steadily with Volume. It can be averaged between 570-550 with Strict stoploss at 530 TARGETS 650 680 & 730 CMP 576

iitiantradingsage Updated 

Stock looks good for investment for the period of 6-12 months. There are multiple targets with Stoploss of ~100 points. Expecting it go higher as it is in the fertilizer sector so inflation won't harm it that much compare to other sectors.

iitiantradingsage Updated 

MRF has sustained for almost a year in sideways mode. Given the Patterns of Cup and Handle along with Bullish Flag. Potential Target can be 178k from current level of 141k (30% upside)

iitiantradingsage Updated 

INVESTMENT OPPORTUNITY Gap filling has been completed in DIVISLAB. There are high chances of it to breakout of the current downtrend.. Once 3320 Level is broken in daily chart and sustain then We Sharp Upmove is expected. CMP 3214 Entry above 3320 Tgt1 3900, Tgt2 4500, Tgt3 5400 Timeline 1-2 Years Disclaimer: All the views are for educational purpose only. ...

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From the chart, there is huge possibility of INR depreciating against US dollar. Bullish flag pattern have huge potential to go upside.

iitiantradingsage Updated 

IRCTC is at good level 684 and broken weekly resistance monthly target can be 775 6 months target 915 Yearly target 1280

iitiantradingsage Updated 

I don't recommend Penny stock but this one caught our eyes given its possible potential future in energy sector. recently it has breakout of the lower lows downtrend. SUZLON seems to be good stock to invest on. Recommended ENTRY zone 12-9.5 Stoploss 6.5 Targets 22.2 27 and ultimately 150

iitiantradingsage

Recent break-out in the D-MART indicates that the new buyers are active for big move. It has broken a long time downward trendline with huge volume. It may go for lifetime high of 5900+ in coming year.

iitiantradingsage Updated 

In the current situation of global energy crisis, Target of $90 for WTI Crude oil seems pretty legit in the coming month and if situation worsen then $110 for sure in coming 6 months Reasons for bull run: - energy crisis leading to low supply high demand - big volume coming in bullish rally than in the downfall in intraday chart - No positive news to overcome the...

iitiantradingsage Updated 

Stock has form a based at at support zone of 135-160 and can make a big move from here. IEX - Indian Energy Exchange is looking good for an upside move CMP 160 TGT 1 196 (~25%) - Period 6 months TGT 2 250 (~60%) - 1 Yr TGT 301 (~90%) - 1.5 Y Strict Stoploss 135 (~15%) CAN BE AVEARGED In the range (135-160)

iitiantradingsage Updated 

Bandhan bank has been following a downward channel for last one year. Will it be able to break the trend to move out of the channel or will it keep following the downward move ? My bet is on downward .. what's yours?

iitiantradingsage Updated 

Down Jones have not being following regular pattern. Given the global scenario and inflation we might see further 2000 Points downward in coming months. Breakdown of the Head and Shoulder pattern can be seen recently and can be expected to fall the height of pattern from the neckline.

iitiantradingsage

Structure seems to extremely bearish at this point. High chances of it to test 680 zone from here

iitiantradingsage

Upward channel is there but showing sign of testing 1500 Level then possibly bounce back. Also, overall market is sell on rise. View: BEARISH Expected Target 1500 CMP 1703 Going for Bearish Spread (HEDGING) seems to be the best choice at the moment. Buying 1800 CE would be good for buffer in case there is bullish move for short time. CMP 50 Shorting 1500 CE...

iitiantradingsage Updated 

TATAPOWER is breaking out the long term sideways trend. We can expect it to touch 270 from current level of 226. Possible intermediate targets are 236, 250. Happy Trading !!