N_339922

N_339922

A beautiful ascending triangle seen forming in marico. a successful breakout above 380 would mean a successful pattern breakout as well and the stock is good to buy above 380. keep intraday target as 390. Targets for swing trade- Target 1- 400 would be the 1st target Target 2 - 430-440(calculated as per ascending triangle general rule) NOTE: the triangle...

N_339922

This analysis once again is based on simple break and retest of a resistance zone. we see a strong resistance zone @2000 and once it broke we see it acting as support area and price makes a successful bounce from this area. Once we see a bullish candle closing above 2050 we can go long. Entry - 2050 SL - 2015 Target 1 - 2100 Target 2- 2120 Target 3 -...

N_339922 Updated 

The Nifty IT index is seen in good upward momentum and a bullish ascending triangle pattern can be seen in Infosys. * The stock is very close to the important psychological level of Rs.1000. * The successful breakout from the triangle pattern can push the price all the way up to 1000. * Its a high reward trade compared to the risk. Risk:reward - 1:4 *...

N_339922

The stock is in good upward momentum and crossed 500. It was seen consolidating at the imp psychological level of 500 for 2 days and formed a horizontal consolidation area right there. Today it was seen breaking out of the consolidation and hence can be expected to go and test previous high of 520. ENTRY - 503-505 SL- 499 TARGET - 520 RISK:REWARD - 1:3

N_339922

The following analysis is based on the concept of simple break and retest of previous resistance zone. * The resistance zone of 560-560 was successfully broken as shown in the first arrow. * The retest of the zone was followed next and the price can be seen bouncing off the newly created support zone which prior to this was resistance zone. * can go long above...