September 19, 2020

LIVE Market Technicals with CK Narayan



If you happen to care to take a look at technical charts earlier than taking funding/buying and selling selections within the inventory market, that is the place try to be visiting repeatedly. CK Narayan of Chart Advise, Dalal Avenue’s most seasoned and arguably senior-most professional in market technicals, will share his technical tips about the go proper right here on this web page. Keep logged in!

DLF can pattern increased in direction of Rs 190

In response to the information of stamp obligation discount in Maharashtra, costs have regarded up fairly properly and are sustaining increased immediately. The entire market has rallied in the previous couple of months however we will see that DLF has been largely vary certain by means of that point. Now costs are staging a breakout of the consolidation and with the tailwind of the newsflow, it ought to proceed increased in direction of the Rs 183-190 band within the days forward.

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Apollo Tyres: Picks up momentum

This pattern standing examine (supply Neotrader) on Apollo Tyres reveals the next:

  • The inventory has logged good positive aspects in August (22%); costs are comfortably above Ichimoku Cloud, positional momentum dial is displaying power, multiday momentum dial choosing up properly. All of those present power within the close to time period.
  • A stoploss for multiday commerce might be Rs 120. Day dealer cease beneath Rs 130.
  • One can provoke longs with such a cease. Quick goal could be Rs 140/144.
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