SRF: 12-APRIL-2020SRF: 12-APRIL-2020
CMP:
Sell: 3360-3460
Targets: 3235, 3087
Stop loss: 3482 (15min candle close)
ShortBat
Short
AMARAJABAT: 12-APRIL-2020AMARAJABAT: 12-APRIL-2020
CMP: 520
Sell: 518-537
Targets: 496,467
Stop loss:543.10 (15min candle close)
AShort
Short
Short
Short
Short
Short
APOLLOHOSP: Positional Bullish bat : 03-April-2020APOLLOHOSP: Positional Bullish bat : 03-April-2020
CMP: 1088.85
Buy: 915-975
Targets: 1105,1254+
Stop loss: 899.10 (Day candle close)
Long
Bullish BAT: 30-March-2020Bullish BAT: 30-March-2020
CMP: 255
Buy range: 190-250
Targets: 320+
Stop loss: 187 (day/weekly candle close)
Long
Nifty - BankNifty - USDINR - DOWDOW
Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target
USD INR
Monthly has made a Bearish Harmonic AB=CD.
Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target
Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline
BANK NIFTY
Monthly Kijun 28100-27400 crucial for upside.
Weekly has made a Bullish Har
Education
ILong
AJANTA PHARMA - 1W TFBearish Bat pattern on Weekly Chart of AJANTA PHARMA. SELL 1507-1508 SL 1601.1, Target(s) - 1430, 1411.
Short
LUPIN - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of LUPIN. BUY 665-666 SL 644.8, Target(s) - 682, 689.
Long
CIPLA - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of CIPLA. BUY 400-401 SL 388.9, Target(s) - 411, 415.
Long
SUNPHARMA - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of SUNPHARMA. BUY 382-383, SL 369.9, Target(s) - 393, 397.
Long
SUNPHARMA - Bullish Bat - Support of Channel - Long Possible reversal zone (PRZ) - @ 380
Sunpharma has been on a down run since Jan end. Today it got retraced from channel bottom.
As the whole pharma sector is going down, tomorrow it may go down a little further.
Bullish Bat Harmonic Pattern is seen developing near the channel bottom and possible reversal from 380 can happen
The Target for positional trades would be 417 and ++
Intraday Target would be 395 . book half here and leave the rest to square off
Trade Plan
Scenario 1
Long
Bullish bat on Nifty 50 DailyAll the levels are mentioned in the chart. Nice reversal from PRZ in the form of hammer. Beware form any bad news.
Long
Long
FLFL - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of FUTURE LIFESTYLE. BUY 372-373 SL 354.9, Target(s) - 388, 394.
Long
MCDOWELL_N - Bearish Bat - 1W TFBearish Bat pattern on Weekly Chart of MCDOWELLS. SELL 759-760 SL 801.1, Target(s) - 724, 716.
Short
MFSL - Bearish Bat - 1W TFBearish Bat pattern on Weekly Chart of MFSL. SELL 644-646, 685.1, Target(s) - 611, 602.
Short
LTTS - Bearish Bat - 4H TFBearish Bat pattern on 4H Chart of LTTS. SELL 1763-1764, SL 1781.1, Target(s) - 1748, 1740.
Short
DIXON - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of DIXON TECHNOLOGIES. BUY 4189-4191 SL 3999.8, Target(s) - 4270, 4299.
Long
Bearish BAT: 24-FEB-2020Bearish BAT: 24-FEB-2020
CMP: 331.40
Sell: 338.60-340.60
Targets: 336.50,333.75
Stop-loss: 342.50 (5min candle close)
Chart by: KD
Short