Formed Reverse head and shoulders patters, Retest and bounce from breakout levels seen, base/support shall form near 70-75
Currently trading near support/Demand zone 870-850, SL 800. could be low risk buy at CMP but bullish only above 1050
Under consolidation, Support near 590-580, bullish if gives breakout above 680-690, SL 545
It's Purely my opinion based on observations, kindly do not get biased and alter your opinion. If we see charts from 1990 to current date, One thing can be clearly seen that Nifty has tried to move up within a range for years and shifts the trading range with some major event. Where in 25-35% is a healthy correction within the range which can also last for few...
Notes: Recent breakout with good voulumes Breakout from the downward channel shall change the trend and trigger next upmove Long term SL 11Rs
#TINPLATE a TATA group company involved in production of packaging material mainly for food and paint/chemical industry, best buy above 160 after break out or near support levels around 120
#BAYERCORP near support zone, after a long consolidation of 5+ years, it gave multiyear break out and now taking retracemet support, buyzone 5300-5000, with longterm SL as 4400
Fedral bank near break out - moving along with trend line, breakout above mentioned levels with good voulmes can move this stock higer
Jagran prakashan breakout above 44, Long only above 44 on closing basis