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Gann Square

Reliance - Ready for Upmove till 1350Reliance is witnessing a strong uptrend and have crossed a critical resistance level and consolidated around 1168. Time has come to take long positions as it can easily give significant returns in Dec'18 itself. The best way is to buy Reliance 1200 CE priced at 23. This call can easily double over this week. However, Keep a stop loss of 1160 below which you should exit the position. Also, there are some things you should watch out Dec 08, 2018. The elections result date which means you should not carry position over the weekend unless you are comfortable with the risk taking as it means chance to earn tremendous profit or facing losses.
NSE:RELIANCELong
by HunnyKhanna
Divi's lab.... wyckoff distributionDelay in greenfield expansion at the Kakinada facility and slower de-bottlenecking at the existing Hyderabad and Vizag facilities are some lingering issues that are unlikely to get sorted out anytime soon.. Serious doubt about any topline growth possibility to write home about... although with the lifting of import alert for Vizag and recent clearance of Hyderabad unit by the USFDA, the compliance issues have been more or less settled down. Disclaimer.. not invested, might be interested to bottom fish, researching fundamentals
BSE:DIVISLABShort
by capsule91
Correction complete.. start of the nest bullish motive wave..BLS international- After coming back on the growth visibility with a new UK contract which is the largest of all the contracts win by the company till date, and the punjab woes kind of soothed after the news that the punjab gov has allocated the receivables due to bls in the yearly budget and of that 30cr has already come in april… the correction i was waiting for to enter, has completed … loks liek the start of a new motive wave… which should be the bullish wave 3… this has a fundamental addition to it, in the fact that, BLS has been awarded contract with Ministry of Foreign Affairs, Italy in Singapore and commenced operation of processing Italian Visa Applications in Singapore from 2nd July 2018. Still trying the estimate the opportunity size here and top line impact… But hopefully punjab woes are finally behind us… although any mishap from punjab has been nicely price in imo… expecting heavy resistance in 174 and 200 levels… No signs of wyckoff accumulation as yet… Disclaimer.... invested and averaging completed for this financial year not an investing/trading recommendation
NSE:BLS
by capsule91
MANINDS - Man Industries NSE - is a Buy at CMPA friend of mine recommended MANINDS (NSE) at around Rs.133. Since his recommendation, it has gone down to Rs.126.55. But still he is confident that the stock will bounce back. Yesterday this stock and found that it is in bullish mode. Bollinger Bands & MACD indicate that it will bounce from current level. GANN square confirms as well. Normally I am long term investor, I don't go for short term trading. However, I wanted to try this stock for a short term trading and check if my methodalogy works? Please share your point of view in your comments. I will be betting small amount (say 100 shares) on Monday, with Stoploss at 118 & target at 160 to 200.
NSE:MANINDSShort
by sashameel