Trent in parallel channel. I think it can go till 5080 then can reverse till 4700.
Comment:
5047 high and reversed.
Comment:
Exact reversal 5100....see todays candle.
Comment:
Now if it crosses 5100 with good volume on closing basis then another 600 point rally can be seen otherwise 600 point downward journey will start.
Comment:
Reversal started. Position can be taken for 4700.
Comment:
Seems like with tata group re-rating this may not stop before 6500 now.
Trade closed: target reached:
5400.
Comment:
This is a retest, if it crosses 5450 then 6000 can be seen before year end.
Comment:
Almost crossing 5450 ...short covering may come tomorrow if it happens.