The price movement of the pair is forming an inverted head and shoulder pattern with the second shoulder in the midst of formation. We can enter a buy position from the current level with stop loss at the crest of the shoulder at 107.868 till the first target at 109.493 which is also the neckline. After the prices breach the neckline, TP 2 and Tp 3 will activate....
TECHM (Tech Mahindra Ltd) BUY ABOVE 705
TATA MOTORS (Tata Motors Limited ) BUY ABOVE 132
ARVIND (Arvind Limited) BUY VABOVE 58
BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 52
TATAPOWER (Tata Power Company Limited) BUY ABOVE 65.25
CONTAINER CROP (Container Corporation of India Ltd) BUY ABOVE 536
ADANIENT (Adani Enterprises Ltd) BUY ABOVE 147
MOTHERSON SUMI (Motherson Sumi Systems Limited) BUY ABOVE 108
JUBLFOOD (Jubilant FoodWorks Ltd) BUY ABOVE 1275
ESCORTS (Escorts Limited) BUY ABOVE 542
ONGC (Oil & Natural Gas Corporation Limited) BUY ABOVE 129.5
ARVIND (Arvind Limited) BUY ABOVE 55
VEDL (Vedanta Ltd) BUY ABOVE 151