Short Term Stocks

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

by Bhaveek Patel · 0 comments

in Short Term Stocks

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 is firmly above the resistance, so it has become a support.

Trade setup:

Trading opportunity is to look for buying this stock around 3000 for target of 3131 is few trading sessions. Stop loss for this trade must be below 2929. For medium term, stock has target of 3500 with stop loss below 2850 level. See below video for more detailed technical analysis.

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Short term Stock Trade: Buy ABIRLANUVO on Pullback for target 1135

by Bhaveek Patel

Aditya Birla Nuvo is looking bullish after the recent breakout above the resistance of the range. we see solid buying opportunity int he stock for short term gains. A pullback must towards the support zone (previous resistance) must be the area of accumulating this stock. So buy ABIRLANUVO in 1020 to 970 range for short term target of 1135. Look for weekly chart below: Stochastic indicator is showing stock is over bought and we will .....

Stocks to buy for this Diwali: Muhurat Trading Stock Picks

by Bhaveek Patel

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 are expecting that stock will be .....

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

by Bhaveek Patel

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 basis. Even .....

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

by Bhaveek Patel

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 .....

Trade Setup on Piramal Health, Short sell PIRHEALTH Future

by Bhaveek Patel

Trading idea based upon Fibonacci extension level, stock is Piramal Healthcare (PIRHEALTH). On daily chart we have seen the extension level acting as resistance. Also a sell crossover was seen on stochastic indicator around 80 zone, stock was already overbought. As on chart 138.2% Fibonacci extension level, 528 must act as resistance in short term. If you look at futures open interest data for June series, you will notice that there was long unwinding as .....

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