The share price of Colgate has been in downtrend after making a life high of 1578 For the past few days, the stock has been trading in downward channel and has bounced from channel support 1254 with High volumes.From past 3 days stock has been forming higher highs and is at channel top from where a pullback is expected if 1370 is not crossed on Hourly basis.
Buy above 1370 Tgt 1377,1386 and 1400 Sl 1360
Sell below 1356 Tgt 1343, 1335,1326 and 1316 Sl 1362
The share price of Reliance Infra has been trading downward spiral.Stock seems to have taken support at 416 levels as seen in above chart. The momentum indicator has witnessed positive divergence.
Buy above 422 Tgt 427,431 and 436 SL 416
Sell below 412 Tgt 406,400 and 395 Sl 416
DLF share price after making high of 287 on Budget day has been on a downtrend, and gains made in 11 days got wiped out in 2 trading session. Stock has closed below its cluster of moving average, notably 50 SMA which was providing good support from past many session, Bears were able to close below this level.
Buy above 254 Tgt 257,260 and 261 SL 251
Sell below 248 Tgt 246,242 and 237 SL 251
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
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