In the last post on large caps and Nifty we were looking out for a 300-400 pointer move on the index.
Nifty at 11250-11300 has done the move.
Now looking at some interesting setups in a few large cap stocks.
As of now even the smallcaps are placed very interestingly for a possible strong bounce –
Sun Pharma – Major resistance at 590-600. Can it cross in coming months ?
SBI – Strong move after major bottoming out at 240-250. Long term trend change and now a buy on dips ?
ITC – Finally the stock has broken out above the 290 mark. Can it now go all the way to 360 ?
Dabur – Another FMCG favorite which has continued in good momentum.After re-testing the breakout it seems set for a move beyond 395 and a fresh breakout move ?
Axis Bank – A short term breakout above 540. Can it test the major long term resistance at 600-620 ?
Now looking at a few stocks which have corrected a lot.
BHEL — A long term trend. Back to the 69-65 support. Can it hold on ?
Bharti Infratel – 270-280 support can it hold on ?
Bharat Electronics – A major long term support at 90-100. Can it see a bounce to 120/150 ? .. Short term breakout above 108-110
Technical Analysis Training Mumbai
18th & 19th August 2018
9.30 am to 6 pm
Hotel Karl Residency
36, Lallubhai Park Road
Andheri (W), Mumbai, 400058
Maharashtra – (India)
Rs 16520 ( 14000 + 9% CGST and 9% SGST ) ( No Discounts )
Registration and Payment Link