WEEKLY TECHNICAL VIEW ABOUT STAR FOR 12-16 FEB 2017

BUY STAR ABOVE 750 TGT 790/830 SL 690

Primary trend of the STAR  is bullish . and  After showing correction from the higher level, now stock is trading in short-term recovery phase, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 750 ; right now the stock is managing to trade below  its 22& 55 AND 2000 days moving averages with the RSI of 40, one may expect the targets of 780/830 in the stock if it manages to sustain above the immediate strong support level of 690 level . 760 and 790 is seen as a strong resistance at 22 & 55 EMA.

DAILY CHART FOR STAR

STOCK FUTURE CALL FOR 09 FEB 2018

BUY SUNTVABOVE 975 TGT 1010/1030 SL 930

Primary trend of the SUNTV  is bullish for now and  After showing short term correction from the higher level of 1100, now stock is trading in short-term recovery phase, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 975 as the stock is managing to trade above its 22 &55 and 200 days moving averages with the RSI of 50, one may expect the targets of 1010/1030 in the stock if it manages to sustain above the immediate strong support level of 930. strong resistance would be seen at 890. Below 930 you may expect the target of 905/880.

DAILY CHART FOR SUNTV

STOCK FUTURE CALL FOR 08 FEB 2018

sell ACC below 1600 TGT 1570/1540 SL 1650

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ACC, after showing correction from the higher level, it is forming continuation pattern in short-term charts, it is likely to continue the negative movement with the breakout of the pattern at the PIVOT levels of 1600 ; as the stock is managing to trade below its 22,50 and 200 days moving averages with the RSI of 30, one may expect the targets of 1570/1540 in the stock if it manages to sustain below the immediate resistance  level of 1620. 200 EMA is seen as a strong resistance level of 1650. Strong support is seen at 1580.

DAILY CHART FOR ACC

CENTURYTEX WITNESSED A STEEP FALL TODAY !!

2nd FEB 2018 WEEKLY CALL; CENTURYTEX  ACHIEVED TGT 1200 

CENTURYTEX PROFIT: 32420 PER LOT

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DAILY CHART FOR CENTURYTEX:

NEXT WEEK OUTLOOK: CENTURYTEX WILL CONTINUOUS THE DOWN TREND

"SELL CENTURYTEX BELOW 1300 TGT 1250/1200 SL 1350"
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The Primary trend of the CENTURYTEX is bearish. Strong Support level is seen on the daily chart at 1250 (as 200 EMA). it is likely to show correction with the breach of the support level of 1250, where one may initiate the short position in it for the targets of 1200/1180, while stop loss can be placed at 1350. On the other side, It is likely to continue the upside move in near term with the crossing of the resistance level of 1350. as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 50.  After the breakout, the level of 1350. One may get the targets of 1380,1450 in the stock with the stop loss of 1300.

DAILY CHART FOR CENTURYTEX:

CENTURYTEX CALL; BOTH LONG AND SHORT ROCKS !!

25 JAN2018 WEEKLY CALL; CENTURYTEX SELL CALL ACHIEVED TGT 1360 

SELL CALL CENTURYTEX PROFIT: 22000 PER LOT

BUY CALL CENTURYTEX PROFIT: 10450 PER LOT

TOTAL PROFIT : 32450 PER LOT 
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31 JAN 2018; BHARATFIN BUY CALL ACHIEVED TARGET OF 1070 MADE HIGH OF1080.65 

BHARATFIN PROFIT: 30650

KEEP AN EYE ON BHARATFIN ; BUDGET DAY 01 FEB 2018

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Primary trend of the BHARATFIN is bullish and after giving breakout of its MONTHLY PIVOT POINT  level, it is forming continuation pattern in short term charts, it is likely to

TOP STOCKS TO FOCUS IN BUDGET WEEK

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HDFC: BUY ABOVE HDFC ABOVE 1950 TGT 2100/2200 SL 1800 

HDFC posted a historical close at  1,943 levels as bulls continue to dominate the northern trajectory, which could push the stock ABOVE 1950 price to  2,200 levels in the short term.

Reliance Industries: BUY ABOVE 950 TGT 980/1020 SL 905

This counter appears to be in a multi-week corrective and consolidation phase after hitting a lifetime high of 988. Hence, a current breakout above this high couple of days back with a gap up is encountered with selling pressure. However, as strong support is placed in the zone of 940-934, breakout above 960 with a target of 1020. A stop for the trade should be a close below 934.

ITC: BUY ABOVE 275 TGT 295/304 SL 258

looking at past couple of weeks’ price action, it appears that the stock is out of its ‘Sleep Mode’ and poised for a decent up move.The strong base building process has already been done around 250 – 260 and unless we don’t see any unfavorable outcome from the budget (excised duty on cigarettes), this stock is likely to do well in coming weeks.Considering it’s over sensitiveness to this announcement, traders are advised to follow strict stop loss at 258 for any long positions. One can look to buy around 275 for a target of Rs.304.

Motherson Sumi Systems Ltd: SELL NEAR 370 TGT 350/340 SL 389 

Looking at the daily chart, the stock has been in a long-protracted uptrend since past several months and in that optimism, the stock hit a fresh all-time high of around Rs396, we are observing three-point bearish divergences on the weekly chart. Hence, we advocate traders to go short in this stock around Rs370-375 with target of 340 and a stop loss placed at Rs389.