Target 1040.
Showing posts with label channel. Show all posts
Showing posts with label channel. Show all posts
ABB rising channel
ABB is in rising channel.Stop of 1170 and target of 1600 can be considered on this counter.
TVS motors at bottom of channel
TVS motors is reversing from the bottom of the channel.
One can buy with stop loss of 38 with target of 52.
One can buy with stop loss of 38 with target of 52.
Dabur Trending
There is trend in Dabur it has now moved above 2yrs high. One can buy with target of 150. With stop loss of 119.
Berger Paints trending
Though it is late to identify this channel. On can consider buying on dips here. SL of 114 and target of 160 can be put. Enter only if the risk to reward ratio is favorable.
Answering the request
I got the request to check out these 3 charts from one of the follower of my charts
TVS motors a wide trading channel
At 76 this counter is very much at the bottom of the trading channel.
One can buy with Stop Loss of 74 and target of 85.
One can buy with Stop Loss of 74 and target of 85.
L&T channel support
Current bounce of L&T from 1900 level validates
the channel in the counter
One can buy L&T with the Stop Loss of 1900 and target of about 2300.
the channel in the counter
One can buy L&T with the Stop Loss of 1900 and target of about 2300.
Nifty at near the roof of the channel
As posted in my last views on Nifty there is a channel in nifty on the yearly chart. So projecting the same channel you can have the 5550~5650 level acting as the resistance to the Nifty.
Movement in IOCL
IOCL have started moving up and there is good trend indication
of channel formation in this counter.
Can be bought with stoploss bellow the bottom of channel. (currently 325)
of channel formation in this counter.
Can be bought with stoploss bellow the bottom of channel. (currently 325)
ABG Shipyard at bottom of channel.
Poised at the bottom of the channel is giving
good risk to return ratio.
Buy with stoploss of 239.
good risk to return ratio.
Buy with stoploss of 239.
View on NIFTY
On quartery basis if we look at the trend in Nifty
it can take some support at 5225 level.
However on the half yearly basis if we see Nifty has
hit the major resistance at 5375 level
Quartly range of 5375 to 4800 can be expected unless NIFTY
closes above 5400 convincingly.
it can take some support at 5225 level.
However on the half yearly basis if we see Nifty has
hit the major resistance at 5375 level
Quartly range of 5375 to 4800 can be expected unless NIFTY
closes above 5400 convincingly.
ACC having bull run.
There is good buying interest in ACC
as seen from the chart there is a good
formation of channel and all the volume
peaks are seen on the day when the stock
have good rise (ie white candle).
one can buy for 2~3 months for good returns.
as seen from the chart there is a good
formation of channel and all the volume
peaks are seen on the day when the stock
have good rise (ie white candle).
one can buy for 2~3 months for good returns.
Rolta & United spirits : Channel & Buying interest
Bellow are charts of Rolta and United Sprit.
While Rolta is near the top of channel and United spirit is near the bottom of the channel.
By this we can see that United spirit provides better risk to return ratio as comparred
to Rolta. While both are in the up trend. We can keep watch on both of them
While Rolta is near the top of channel and United spirit is near the bottom of the channel.
By this we can see that United spirit provides better risk to return ratio as comparred
to Rolta. While both are in the up trend. We can keep watch on both of them
L&T Trying the top of the down channel
It seems clear that L&T will hit the top of
the channel. More uptrend is possible only with
the break of the top of this channel.
Present target on this channel is @715 level.
NTPC new channel
NTPC may be forming new channel. After heating the old resistance line as posted earlier,
we can see the counter is making new higher bottoms. Break of the Resistance will give good upside.
Stoploss to be maintained below the bottom green line. Since the channel is steep the stoploss will change very fast.
we can see the counter is making new higher bottoms. Break of the Resistance will give good upside.
Stoploss to be maintained below the bottom green line. Since the channel is steep the stoploss will change very fast.
SAIL channel
One of the visitor of blog have pointed out the there is pannent in the SAIL and I looked at it. While He had spoted it well and there is also breakout on the up side but the volume at the breakout is not very convinsing and movement would be sideward to upward.
While I would like to highlight the Channel in this stock. Till the time the channel is not broken on the lower side one can stay bullish on this stock.
While I would like to highlight the Channel in this stock. Till the time the channel is not broken on the lower side one can stay bullish on this stock.
Bajaj Hindustan in Channel
Since I have a position in this I am monitoring it.
It seems that Bajaj hindustan is forming a good channel. If it bounces from 180 Level it is a good buy with SL of about 175.
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