JSW STEEL after a long downtrend given bullish breakout and above 50 sma.
Will it touch 200 sma? or will it respect the channel once again?
I'm bullish till supply zone 305 above 315 final target will be 330 sl 270
BALKRISHIND good upward breakout from downtrend channel.
No doubt it will break the 50 sma and it will rally to 100 sma but 100 sma is a strong resistance for balkrishind because previously twice 100 sma has rejected the price from going up.
target 915-920; sl 805
LICHSGFIN is trading in a downward-sloping channel for the past six months. Today it has given short-term breakout above swing high of 577 which coincide with 50-day SMA. It has now resistance around 590-591 trendline zone. It needs to close above falling resistance trendline for trend reversal which will take stock towards 660-675 zone.