HDFC life has given proper Inverse Head and Shoulder Breakout.
First target - 780
Final target - 975
We might see some good resistance around 740.
This is not a trade call. It is just my personal opinion. Take your SEBI advisor advice before investing/trading.
Hindalco Industries weekly chart shows ascending triangle pattern is ready for breakout. High volume is seen since last 4 weeks. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction. Can buy in dips with a long term target of 363. Weekly chart time frame for charts...
NSE:HDFCLIFE Watch the price action at breakout level and take a trade. It might reverse from here as well.. Take a trade after it sustains the breakout.. keep it in radar..
Note: This is my personal view and I may go wrong.
GOLD HAS RETRACED TO THE 38.2% FIB LEVEL EXTENDING FROM THE MARCH LOW AND 61.8% FROM THE LOW OF JUNE AT 1679. NOW HAVING SPIKED TO THE 2075 HIGH BACK IN AUGUST, IT STEPPED INTO THE CORRECTIONAL PHASE. SEEING THE CURRENT CONDITION OF DXY AND WITH THE EXPECTATION OF FURTHER DOLLAR DESTRUCTION UN THE PRESIDENCY OF JOE BIDEN, XAU USD HAS PRINTED AN INVERSE HEAD AND...
ITC is trying to break the 174.80 on hourly setup for the 4th-5th time. If it manages to break this, it could be a huge move upwards. Buy @175. Target @180. SL@169. CLSA has upgraded the stock too. This could be huge for the stock!
Formation of powerful Cup and Handle pattern. May result in a breakout Soon.
Target -950 then 1030
Keep Stop Loss at Trendline during a breakout.
oscillators are also sending conducive signals for the coming sessions.
All the best.
You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with...
Price for the second time rejected from the same level 367. After taking support from 330 levels price once again moving strong towards the 367 levels and this time it has big chances to break the level and reach the next resistance level of 390 and ultimately the target of 430.
One have to wait for the price to close above the resistance and then enter long...
Pharma stocks have been corrected from their highs.
Auropharma has given a breakout from the trend line with high volume.
Macd is also giving a signal for reversal.
Buy @ 821-825
Target I - 887
Target II - 961