SBI : The stock today formed a bullish harami pattern on daily charts. Stock has also given a breakout on hourly chart. Stock once crosses and sustains above 192-94 initial targets will be 205-20. SL 184
Bandhan Bank : Stock looking good and once able to cross 205-15 range target will be 230-40 to 250-70. Have a look at chart
SBI Cards : Double Bottom Pattern on hourly chart and engulfing pattern on daily chart formed today indicates initial target of 562-75 above that 600-635 possible , keep stoploss of recent low 500.
Metropolis Health : Stock failed 53% in less than 15 sessions last month, we expected a sharp recovery with positive market sentiments but candle formed today Bearish Harami cross ( similar to gravestone doji) indicates lack of confidence among bulls. Trade long only on sustaining above 1310 support exists near 1180
SRF : Stock has recovered sharply in recent past. SEF did 2467 to 3480 recouping losses by more than 50% . At current level stock has major hurdle between 3470-3575 as 50d & 100dMAs. For any fresh move stock need to cross this range with volumes. Use rally to trim your longs till stock sustains above that range and add shorts below 3250 for 3100-2900 .
Bandhan Bank : Stock looking good and once able to cross 205-15 range target will be 230-40 to 250-70. Have a look at chart
SBI Cards : Double Bottom Pattern on hourly chart and engulfing pattern on daily chart formed today indicates initial target of 562-75 above that 600-635 possible , keep stoploss of recent low 500.
SRF : Stock has recovered sharply in recent past. SEF did 2467 to 3480 recouping losses by more than 50% . At current level stock has major hurdle between 3470-3575 as 50d & 100dMAs. For any fresh move stock need to cross this range with volumes. Use rally to trim your longs till stock sustains above that range and add shorts below 3250 for 3100-2900 .
