HDFC Ltd. Swing Trading Opportunity

The counter today kissed its strong support zone around 1135 levels and managed to close above the same.Though the counter is in downtrend looking at the volumes of last couple of days possibility of bounce back cant be ruled out. At this level the counter offers a good risk-reward ratio too. Traders can long  the counter only for swing trading purpose above 1150 with strict SL of 1136 TGT 1195-1205.

Dewan Housing Finance Corporation- Inverted H&S . Will it work?

The counter after posting all time high around 570 witnessed a sharp correction. It posted a swing low around 360 mark and started to consolidate and gradually commenced its northward journey. It seems that the counter has formed an Inverted Head & Shoulder Pattern on a daily as well as weekly chart. The distance from its Head to Neckline is around Rs.120. So theoretically on the confirmation of the pattern we can have upside target of Rs.625. Lets see how the pattern works out... !!!

Reliance Capital

The counter has been in a downtrend for the quite long time. During recent past it posted a swing low around 335 and continued to trade in a narrow range. However during last session it formed a strong bullish candle on a daily chart and managed to move out of its consolidation range with decent surge in volumes without breaking the swing low of 335. Besides the counter has also managed to close above its 20 & 50 DMA. Other technical indicators too looking quite bullish the chances are very bright that the counter has bottomed out and may commence its short term uptrend from here. Trades can bet on the counter 384.4 SL 360 TGT 406-415 in a short term.

Wipro Ltd.

The counter started steady recovery after posting swing low around 512 levels. During recent past it posted swing high of 577.75 and witnessed pullback. However bears could not hold the prices lower and again the counter started its northward journey and captured its short term moving averages . The counter again has entered its resistance zone around 570 levels. With other technical indicators looking bullish it seems the counter is on the verge of commencing its short term uptrend. Traders can bet on the counter 565.4 SL 548 TGT 582-585.

Cipla Ltd.

Enjoyed the Blast in Reliance or not? Remember DNA Test ?

And Nocil from 43 to almost 50 more than 10% and still looking hot.... 

Biocon already kissed 476... Recommended around 455...

And Nifty darling ... Remember our words or not?

Any close above 8066 and relief rally up to 8192... And what happened

Nifty Darling blasted and achieved all TGTs on upper side

But 

But still you are searching the blogs or multibagger stocks ?

Still listening to those jokers on TV and listening to their Bla....  Bla???

 

Everything is open and 100% transparent.

Join us and feel the power of Trend Trading.

Now Cipla

Will Dark Cloud Cover show its Power?

The counter has been in a downtrend for the last few weeks. During recent past it formed a base around 570 levels and started its northward journey and kissed 622 levels where its 20 DMA is placed. It witnessed gap up opening just a couple of sessions ago but bulls failed to capitalize the move. 

The counter has formed a Dark Cloud Cover Candlestick pattern on a daily chart. As mentioned it failed to cross its short term moving averages and witnessed reversal. On weekly chart too it has found resistance around its 50 WMA.  Though the momentum indicators are looking moderately bullish looking at the current chart pattern it seems that the counter may remain under pressure in sessions ahead.

 Short Position can be initiated around 605-607 levels with closing SL of 620 TGT 590-585 in a short term.

Biocon

The counter today formed a strong Bullish Engulfing candlestick on a daily chart. 

It not only captured its short term moving averages but also managed to close above its 200 DMA.

The volumes were quite higher than average volumes. Other technical indicators too have turned bullish. So at the current level the counter looks HOT. 

Bulls dominated the day and looking at the above factors possibility of further upside from current levels can't be ruled out.

Traders can go long on the counter 455 SL  435 (CLS) TGT 480-500.

Tata Motor : Swing Trading Opportunity?

The counter has been in a downtrend for the last four months. 

It has been hammered brutally by the bears without mercy from 600 levels. 

Just a couple of sessions ago it formed a Pin Bar on a daily chart and showed smart recover from the swing low around 434 mark.

Today the counter formed a beautiful Doji Candlestick pattern and just managed to close above the swing low mentioned earlier. 

This naked price action suggest that the supply might have got exhausted at least temporarily and bounce back can be expected in a near term. So risky ride of Tata Motor can be tried.

Swing traders can go long on the counter for short term perspective around 435-439 with SL of 425 TGT 452-455.