ORIENTELEC

ORIENTELEC is making a long channel pattern moving up after taking support at lower trendline along with MACD rising. Buy at the current price of Rs.279 with the Target 1 of Rs. 385(40%) and breakout above Target 1 could lead to Target 2 at Rs. 510(80%) and stop loss at Rs.250(10%) on the closing basis […]

LTTS

LTTS is breaking out from a downward channel pattern as well as taking support on 200 EMA and moving up. Buy at the current price of ₹ 3850 with the Target of ₹ 5200, stop loss at ₹ 3600 on the closing basis under 200 & 50 EMA.

BANKNIFTY

Bank Nifty will be at a resistance of parabolic upward trend line on monthly time frame. We have noticed this as a turnaround point everytime it came touched this trend line, it moves down.

PIDILITIND

Broke down of the H&S pattern and moving down after retesting the 50 EMA at ₹ 2651. Enter at the current price of ₹ 2649 with the Target of ₹ 2335, stop loss at ₹ 2730 on the closing basis above 50 EMA.

ULTRACEMCO

Ultratech cement is breaking out from an Inverse H&S pattern along with MACD Histogram moving up. Buy at the current price of ₹ 6893 with the Target of ₹ 8400, stop loss at ₹ 6400 on the closing basis under 50 EMA.

GRASIM

Grasim Industries is breaking out from an Inverse H&S pattern along with MACD Histogram moving up. Buy at the current price of ₹ 1758 with the Target of ₹ 2210, stop loss at ₹ 1580 on the closing basis under 50 EMA.

INTELLECT

Stock post result fall has come to an important support and has entered into an oversold zone. Buy at the current price of ₹ 433 with the Target of ₹ 960, stop loss at ₹ 400 on the closing basis below the support of ₹ 430.

Nifty 50

Nifty 50 is breaking out from an inverse H&S formation as well as Bullish Flag pattern. Breakout point is Rs. 17900. Enter at the current price of Rs. 18013 with the Target of Rs. 19800. Stop loss at Rs. 16900 on the closing basis below the support of Rs. 17000.

ZYDUSLIFE

ZYDUSLIFE is taking support on the lower trend line and breaking out of 50EMA. Buy at the current price of Rs.430 with the Target 1 : 660(50%). Stop Loss at 340 (22%) on closing basis.

RELIANCE

Reliance Industries is Crossing over 50 EMA after taking support at the lower trend line. Buy at the current price of ₹ 2526 with the Target of ₹ 3150, stop loss at ₹ 2360 on the closing basis.