Positional Trade: Buy HDFC Bank, Stock trading at support

HDFC BANK support chart

HDFC bank has traded at the support area of the 680. We have seen on the charts that stock is in a strong uptrend and hence our focus is to look for trades on the buy side. Hence, if the stock rallies towards the support we will be looking to buy into the stock. Banking sector has been under-performing nifty future, but on the charts we came to know that the selling was due to the technical ... [Continue Reading]

Short term Stock: Grasim is trading at support, Buy on dips

Grasim industries is another stock that is trading at a strong support level and is ready for up move, Stocks on weekly chart shows a up trend hence we only focus on buying opportunities. Recently slow stochastic has given a crossover on weekly chart so we are expecting strong buying here. Also the chart shows that there is support at 2929, which was a resistance previously. But as price action ... [Continue Reading]

Stocks to buy for this Diwali: Muhurat Trading Stock Picks

On today's auspicious occasion of Diwali, NSE has announced the muhurat trading session that will begin from 3:45 pm to 5:00 pm. Here are the stocks that you may take: Aurobindo Pharma: Has already started its new uptrend and is looking extremely bullish on charts. Buy on every decline for targets as 200 and 270 till next Diwali. CMP: 178. Bank of Baroda: Downside momentum is loosing and we ... [Continue Reading]

M&M is trading at a resistance, Short sell opportunity exists

M&M stock resistance on daily chart

M&M is in a strong uptrend, stock has been an out-performer and also better stock from auto sector. Stock has approached at resistance of 875 as this was the level where stock has previously found resistance. So my trading idea is to short sell M&M when it trades at 875 level for a positional target as 825 and then 810 level. Stop loss for this trade will be above 890 on daily closing ... [Continue Reading]

Mcdowell-n is trading at trendline resistance, Selling is more likely

Mcdowells-n trendline on monthly chart

Stock has been the best out-performer in F&O stocks, as its has given more than 90% return in last 3 months. But as the monthly chart suggest me stock is near the trend line resistance which is around 1290 - 1300 region. So some selling in this stock is expected in the near term, also stock has shot up very sharply so some profit booking in form of selling will soon be seen. My trading ... [Continue Reading]