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 is ... [Continue Reading]
Short term Stock Trade: Buy ABIRLANUVO on Pullback for target 1135
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 ... [Continue Reading]
Stocks to buy for this Diwali: Muhurat Trading Stock Picks 2020
On today's auspicious occasion of Diwali, NSE has announced the muhurat trading session for 2020 that will begin from 6:15 pm to 7:15 pm. Here are the stocks that you may take: Bharti Airtel: Has already started its new uptrend and is looking extremely bullish on charts. Buy on every decline for targets as 690 and 740 till next Diwali. CMP: 477. Bandhan Bank: Downside momentum is losing and we are ... [Continue Reading]
M&M is trading at a resistance, Short sell opportunity exists
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]
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