Indiabulls Real Estate

Indiabulls real estate closed below its important psychological level 100 at 99. Stock is coming at this zone for the fourth time from where it bounced back for last three times.
Now stock is coming for 4rth time making it weak support also it is below its spychological level of 100 making it good candidate for short.
But if on coming trading sessions stock manages to close above 100 then we should consider that it has again taken support from and make long with target of 110 and stop loss at 98
So wait and watch strategy for this stock should be preffered

Karnataka Bank

 Karnataka Bank on weekly chart is trading on upper trading channel. On friday it tested lower band of trading channel at 115 which is support on downside, breaking this trendline will take stock to lower level at 106 and then to 100.
Bounceback from this 115 level could take it to 130 in short term
High risk traders should buy this stock above 115 with stop loss at 110 with target of 130