Friday, February 2, 2018

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:

Wednesday, January 31, 2018

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

Tuesday, January 30, 2018

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.


Thursday, January 25, 2018

NEXT WEEK OUTLOOK: CENTURYTEX IS IN SHORT TERM REVERSAL PHASE

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"SELL CENTURYTEX BELOW 1400 TGT 1380/1360 SL 1432"

TO GET FREE TIPS FILL UP THE FORM GIVEN HERE>>>>>>

The Primary trend of the CENTURYTEX is bearish. Strong Support level is seen on the daily chart at 1400. it is likely to show correction with the breach of the support level of 1400, where one may initiate the short position in it for the targets of 1380/1360, while stop loss can be placed at 1432. On the other side, It is likely to continue the upside move in near term with the crossing of the resistance level of 1425. as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 55.  After the breakout, the level of 1425 One may get the targets of 1435,1450 in the stock with the stop loss of 1400.
DAILY CHART FOR CENTURYTEX:

Wednesday, January 24, 2018

IN THE LIGHT OF QUARTERLY RESULTS ; BIOCON MOVED BULLISH


BIOCON BULLISH; AS PREDICTED ON 23 JAN 2018

 ACHIEVED TGT 650 ..!!
TOTAL PROFIT: 36000 PER LOT
DAILY CHART FOR BIOCON