weekly 16-01-2023
Updated
Bank nifty is moving in a long channel and is taking support at lower end of the channel. Bank nifty Monthly and weekly RSI is above 60 which is bullish and daily at 46 and is a clear case of GFS major support near 42000-41700
NIfty IT forming reverse Head and shoulder on daily chart and weekly taking support at 20DMA i.e. 28630 very good Risk Reward for long term prospective
Nifty metal - breakout abv resistance on weekly further weekly / monthly RSI is above 60 strong momentum
stocks to watch
LARSEN TURBO : GFS buy near 2100 SL 2080 Tgt 2240 +
PFC : GFS buy near 143 sl below 140 tgt 160
MPHASIS : forming bottom good buy near 2000 sl below 1970 tgt 2170 - 2433
INDIGO : GFS : breakout on daily buy near 2080 sl 2030 tgt all time high good momentum
Tata comm : GFS buy near 1360-1370 stop loss below 1310 tgt 1460 and 1500 (positional)
ABCAPITAL : forming flag pattern on weekly chart + consolidating after break out of cup pattern on weekly : buy near 142 Stop loss below 138 tgt 170 +
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
NIfty IT forming reverse Head and shoulder on daily chart and weekly taking support at 20DMA i.e. 28630 very good Risk Reward for long term prospective
Nifty metal - breakout abv resistance on weekly further weekly / monthly RSI is above 60 strong momentum
stocks to watch
LARSEN TURBO : GFS buy near 2100 SL 2080 Tgt 2240 +
PFC : GFS buy near 143 sl below 140 tgt 160
MPHASIS : forming bottom good buy near 2000 sl below 1970 tgt 2170 - 2433
INDIGO : GFS : breakout on daily buy near 2080 sl 2030 tgt all time high good momentum
Tata comm : GFS buy near 1360-1370 stop loss below 1310 tgt 1460 and 1500 (positional)
ABCAPITAL : forming flag pattern on weekly chart + consolidating after break out of cup pattern on weekly : buy near 142 Stop loss below 138 tgt 170 +
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
Note
LARSEN TURBO --- TGT ACHEIVED TATA COMM -- TOUCHED HIGH OF 1405
PFC Trailing between 148- 152
Mphasis trailing between 2020 and 2060
indigo Trailing between 2070 and 2110
abcapital trailing between 145 - 148
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