Stock recommendations (equity)

[googol]

lic housing finance looking good on charts for positional trading.,

 

[Yagnesh07]

Mate,

5630 is any Retracement level?On what basis have you derived this value.As you stated,it made a low of 5636 then why not 5635 as support level.Just trying to understand basis of deriving 5630 levels.

Dear Sir,

Today Nifty(spot) broke the 5630 levels and slip to intrday low of 5590.
Above mentioned levels were correct for me. :thumb:

 

[Yagnesh07]

Nifty View:

Now further Nifty spot will test 5580 levels which is 38% retrenchment level from high of 5815.
Now the 50% retrenchment comes at 5518 which nifty may test in coming fortnight.
The trend is revered from here.

 

[Yagnesh07]

Sell PFC below 195 for the Target of 189 SL- 198 (Closing basis)

Stock is corrected 23.6% from its last high. Also there is a negative divergence present on RSI which suggest sell signal.
There is negative cross over happened on MACD.

Target expected within 7-8 trading sessions

Update:
PFC short given below 195 and it has made low of 174.
12.06% returns :clapping:

 

[Yagnesh07]

Positional Trade:
Buy Hindalco Ind. Future at 116
Target- 120-125
SL- 111 closing basis

Stock has taken support at 111 which is exact 61.8% retracement from last high in October month.
RSI sharply shift into bullish zone 40. Also there is a bullish engulf candlestick pattern formed on daily chart. Some up move expected from here.

 

[ankee21]

Sir
Could you please update on IDBI bank call. it went down as a rocket to 91 approx and came back up to 95.5 . Does your call still holds

 

[ritesh.bafna88]

Sir
Could you please update on IDBI bank call. it went down as a rocket to 91 approx and came back up to 95.5 . Does your call still holds

hi i checked in nse there is no such spike.... r u asking for bse?

 

[ankee21]

Sir
Sorry for the confusion. after the call it went to 90.55 on 31st oct and today again is 95.6 . so i wondered if the call is still on

 

[Yagnesh07]

Sir
Sorry for the confusion. after the call it went to 90.55 on 31st oct and today again is 95.6 . so i wondered if the call is still on

Hi,
Stock is almost corrected 100% from its past high on 4th Oct.
Stock was on oversold zone when it touch the 90.50 levels and smart recovery has been observed from lower levels.
Stock has jumped 61.8% from last low 90.55.

Have you made short trade?
Is your position still open?

 

[ankee21]

i had my shorts at 95.1 and covered with TSL at 92 then reshorted at 97.25 yesterday. with sl at 99 as per your post