Buy abv 2220 with stops at 2165 for target of 2290 for cup and handle pattern. The falling USDINR should help the IT sector going forward.
GAIL has broken its supp at 150 and has been dropping rapidly since 180 levels a Stock is heavily oversold so a retracement bounce is not ruled out at any time but do not mistake that bounce for a reversal Bulls should look for longs set ups only abv 141 Let the stock consolidate Shorters can short on bounce with 141 as stops and 120 as tgt
Chart is consolidating well in last few months There is definately money moving into FMCG defensives. Several times it has taken supp near 1120 regions Rst zone has been 1200-1220 region One can either trade this range or await brkout abv 1220 for a likely large move towards 1300 mark
Buy on dips with stops below 415 close tgt 438 443 and above. The trend is strong up and awaiting some market neutral day to perform.
Broke supp at 2622... Short on bounce with stops if close above 2622. Can run tgts to 2536
Trading in a range of 550 50 500.... try to buy as close to 500 as possible and sell near 550. ABove 550 new breakout zoine. Keep stops at 495
Buy above 355 for a breakout to 370 with stops at 342. The OMCs are making a upmove attemp in unison. See HPCL also
Very weak chart again sell on rise with stops at 1125 can go for tgt 1070 / 1050
Can drop to near 500 based on H&S completion today Keep stops at high of right shoulder
v v weak. near its 2 yr low weekly close... can bounce due to it being oversold SELL On every bounce with stops at 6300.... It seems it is going lower towards 5000
Strong chart is within few pct of all time highs.. money moving into defensives positional traders Can go long with stops at 360
Had bounced ahead of budget on expectations.. today has broken down form a rising trendline is heading towards 170/174 SELL on bounce with stops at 188 This has potential to go to 164 also
v v weak. near its 7 yr low weekly close... can bounce due to it being oversold SELL On every bounce with closing stops at 157.... It seems it is going lower.