Tatamotors NSE updates june2016

Tatamotors Call: Analyzed on Weekly chart of continuous future prices.

Buy:      @CMP 455-60  add more if deeps to 430-435
SL:        392 based on gap on daily chart
Target :  560-65

Monthly Chart

As we can see on monthly chart stock is in long term uptrend.

Weekly Chart

On Weekly chart it has made double bottom pattern which is also called as W pattern.
which has been broken today on 31st may 2016
and as per pattern targeting 560-65 levels. if pattern fails it may give a strong downward move. so take entry based on your risk.

Daily Chart

Check chart closely, I have marked some areas. Yellow area are resistances and  Aqua color area are supports ,which are called windows based on candlesticks analysis.
Check higher volumes on today's candle. everything is showing a strong upmove in coming weeks.

Happy Trading

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Copper Updates Feb16

Copper Comex :

Copper has been in downtrend since a long time, right now showing an positive pattern based on RSI and Candlesticks,

Monthly Chart of Copper Comex

Look at the chart of Copper , We can see that there is an 3 Candle Divergence on Monthly Chart.

We have a Bullish Harami, and Hammer too. so i would suggest Buy At CMP with Stoploss Below 1.9040 on Closing Basis and Target 2.3135 . That's a target and SL based on CandleStick and RSI 3 Candle Divergence Pattern.

Copper MCX:

MCX Copper has taken support on its previous trend line. and showing some good candlestick patterns for going up.

Monthly Chart of Copper MCX

As we can see that its in downtrend and after taking support on previous trendline showing bullish candlestick patterns on Monthly Chart. First one is Bullish Harami than Hammer and now showing Bullish Engulfing.

Daily Chart of Copper MCX

Now check Daily Chart Copper broke its Downward Sloping Trend line. Which was very effective from past 9 months with 4 touch points. so we can go long on copper based on these all positive patterns breakouts.

Call:  Buy @ 310-320 with Stoploss Below 290 and Targets of  335, 350.367.

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BUY USD/JPY SL-95.60 TARGET-102/104

BUY USD/JPY
STOPLOSS -95.60
TARGET-102/104

USD/JPY BUY CALL GENERATED BECAUSE OF SYMMETRICAL TRIANGLE BREAKOUT SEE CHART ABOVE SYMMETRICAL TRIANGLE HAS TAKEN PLACE IN USD/JPY ON DAILY CHARTS. AND WE HAVE MAINTAINED STOPLOSS BELOW LOWER LINE OF SYMMETRICAL TRIANGLE .

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BUY SBI FUT

BUY SBI FUT CMP 1591-92  
SL SPOT 1580  TG OPEN 
POSITIONAL

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BUY NIFTY FUT

BUY NIFTY FUT CMP 5416-17  
SL SPOT 5403 TG OPEN
POSITIONAL

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POSITIONAL CALL- SELL DLF FUTURE

SELL DLF FUT CMP 138-139
SL SPOT 145.50 
TARGET OPEN 

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COPPER UPDATES

COPPER UPDATES

ON COMEX

SEE CHARTS- COPPER HAS BREACHED ITS BEARISH TRENDLINE, BUT WE ARE NOT SUGGESTING BUYING HERE. BECAUSE IT IS GOING TO ENTER IN STRONG RESISTANCE AREA, AND VOLUMES ALSO NOT SUPPORTIVE FOR BUYERS. WILL JUMP SOME MORE.

IN MCX TERM-

WE COULD SEE SOME MORE BOUNCE UP TO 450 LEVELS. BUT 446 TO 452 LEVELS ARE STRONG RESISTANCE LEVELS IF CROSSES ABOVE 452 COULD TARGET 465-70 LEVELS

OUR PREFERENCE:-

POSITIONAL

SELL-  AROUND 446-450

STOPLOSS- 452.50

TARGET 1-  438

TARGET 2-  432

TARGET 3 - 427

LOW RISK CALL

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