Positional
CADILAHC Future OutlookCadilahc has been in an uptrend as of late. With wave 3 being completed and wave 4 in motion one can look to Short Cadilahc below the trendline for targets between 570 to 540 with a Stoploss of 670. If it fails to break the trendline and breaks 670 instead one can go long for a swing trade for targets around 700-715.
People looking for a positional buy can accumulation around these levels (570-540) for positional targets of 750.
WILL KEEP Y'ALL UPDATED!
DRREDDY - Another Gem on my RadarI have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs.
The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive candles.
Even today it bounced well and it might open gap up tomorrow, and if it opens above the range, it might move fast towards its all-time high i.e. 5512 and beyond.
SRTRANSFINSl-1260
Currently in accumulating zone with good no. of volumes.
So folks feel free to DM or comment.
DLF ::: BULLISHL O N G T E R M S I P T R A D E
DATE: 20 MAY 2021
INSTRUMENT: DLF
TREND: BUY
TIME FRAME: DAY
CMP: 268.40
BUY ABOVE: 263.20 - 264.30
STOP LOSS: 250
TGT 01: 273
TGT 02: 285
TGT 03: 291
TGT 04: 292
TGT 05: 301
TGT 06: 306
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging. Let's master the markets together.
GODREJCP ::: BULLISHL O N G T E R M S I P T R A D E
DATE: 20 MAY 2021
INSTRUMENT: GODREJCP
TREND: BUY
TIME FRAME: DAY
CMP: 268.40
BUY ABOVE: 810 - 812
STOP LOSS: 800
TGT 01: 846
TGT 02: 857
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Canara Bank (Canbk) Swing/Positional Trendline breakoutHi look at the chart, got good volume and gave breakout.
The stock tried to break the 120 levels many times, but finally it broke the resistance and made it support.
Now see the stock, it gave trendline breakout with good volume and if tomorrow it sustains above 163 then we can expect a very good move.
Always maintain your risk reward.
you can place your stop loss below the support zone 148 for safe players.
Thank you.
Whirlpool - at Solid SupportAfter Delta Corp, another stock that came on my radar is Whirlpool India, the reason being :
1. Stock trading at strong support.
2. Positive price action near the Support area.
3. Rise in Volume.
4. RSI continuous support at 40.
Now if the stock sustains 2000 levels, it might test 2300 initially, and also its recent highs around 2800 levels.
Trade type : support trade, positional