Coforge Ltd. is creating pennant formation in the hourly chart after a strong bullish upside. once there comes a breakout of the pennant on the upside it can give another bull run till 4000 - 4200 levels. Levels are marked in the idea below. Summary : Buying on breakout of pennant on the upside : (approx level : 3350-3380) Stop Loss : 3200 Target :...
On Bank Nifty, We can go long above 34000 for a target of 34400, 34800. Stop Loss 33600.