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]
Technical Analysis: Buy Titan with target 313, Stock at support
Daily chart of titan is showing a fresh trading opportunity for short term. As the trend in titan is up, so we are only looking to buy this stock on every declines. Stock has a support area around 275 level and this can be used as an opportunity to enter the stock for the short term gain. We will be adding a fresh long position in titan around 278 for positional targets as 300 and then 313. While, ... [Continue Reading]
TCS trade setup for short term, Technical analysis suggests Strong buy
Yesterday while I was resolving a query for one of my client I have landed into the TCS chart; I found that stock is ready for its next up move. So taking the positions in the direction of the trend I will be looking for buying opportunities, as long as the trend remains up. Moreover stock is trading at 100 EMA and trend line is support here, also Fibonacci retracement level 61.8% level is ... [Continue Reading]
Buy DRREDDY Stock for Long Term Target as 1850, Support Seen on Weekly Chart
Dr. Reddy's Laboratories Ltd. was listed on NSE on 30 May 2003 since then the performance of this company has rocked this entire pharma sector. Looking at the daily chart we see there is some bearish pattern developed in this stock and we are sure that weakness is likely to come here and pull the stock southwards. Technical levels suggests that there is no support until 1360 level, so our ... [Continue Reading]
Buy Bank Nifty Future near 10580, Trading at Support Short term target 10920
Bank Nifty future was seen trading lower today around 10580 level, If we look at spot level it was at 10480. This 10480 is very important support level we are expecting bounce from here and this bounce will target 10920 level which is near term resistance. Short and medium term trend for market is up so we are only focusing on buying at dips strategy, We may see some consolidation in bank nifty ... [Continue Reading]
