Todays gap up opening gave hint of momentum and later or bank nifty proved with bullish momentum after 2 hours of bearish flow.
45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance.
Post Analysis
Arc shape recovery in BN gives a clear hint of bullishness in...
Kolte Patil Developers shows up trend. The daily chart shows breakout in cup and handle pattern formation. Ascending triangle pattern is also clearly visible which denotes further up move. Target 1 is 226 according to the depth of the cup of cup and handle pattern. Target 2 us 273 which is the target based on ascending triangle. Can go long with a stop loss of 178...
Eveready Industries shows cup and handle pattern clearly in daily chart. Can go long for up move from here with a stop loss of 150. High volume can also be seen. According to technical analysis, long term targets can be seen around 275. Happy investing :)
Kotak Mahindra Bank Positional Call Buy for a Target of 1382 to 1400. Its Forming a cup and handle pattern and within few trading sessions it will touch 1382 to 1400
It has completed a cup and handle chart pattern. If the price breaches 1425 then it will confirm a breakout. An upside of 100 point is expected on the breakout which is equal to depth of a cup
The stock is in an uptrend. After a brief correction, the stock staged a breakout today to new highs, backed with volume spike. It has also completed a cup & handle pattern.
Am long this stock.
