After doing a steady decline till daily kumo support, it appears to know have given an hourly breakout. If this reversal continues it could rally till 325-330 as long as it does not break 303.
As per Maruti / M&M spread chart. Maruti could outperform M&M from here onwards. A retest of 9 is possible provided 8.20 is not breached. The pair chart is suggesting Maruti will rally more and fall less than M&M Pair Spreads are high risk management set ups. They are not to be done in isolation but in sync. Those not affluent with them should refrain.
Buy Bosch if it close above 13650 (Safest Entry) stoploss 11910 Target 16000 to 16250 aggressive entry above Downward Trendline Breakout with few quantities. study : Stock is forming Inverse Head & Shoulder Pattern near Downward trendline...if it breaks we can see 15-20% upside movement in this stock.
It has given a Cup & Handle breakout which suggests an upside level of 545. The view would get negated below 503
The daily chart shows a beautiful wedge pattern with a tilt towards upward breakout. The weekly chart has shown a MACD uptick yet again and with closing above a strong resistance with good volumes the short term perspective is bullish. Key Resistance at 6550,6620 and 6750. Key Support at 6150 and 6000 Happy trading K
NiftyAuto aka CNXAuto is in No Trade Zone. Please avoid Auto Stocks.
It's at trendline support making an inside bar after it got beaten down due to bad numbers. Risk reward is favourable for bullish view. Let's what price action brings for this one Buy above 48.6 with SL at 46.8 for 52-54 Sell below 46.8 with SL at 48.6 for 42
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