Althrough posting it little late..
Jubilant ind has formed double bottom.. I knew it will go up 1 week back.. anyway still its a buy.. if it crosses the neck line..
also bulk deals are happened so we can expect upmove for a shorter time frames of 1 week....
share your comments too..
Based on the previous analysis posted if the price rally upwards then the possible targets are posted ..
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LT may garner some support for the falling nifty and with help of other stocks can help nifty to gain some momentum on the upper areas tomorrow its expiry weekly so need to keep a close check on such good corrected stocks like reliance axis titan maruti m&m pharma stocks
Double top chart pattern with negative tail at the 2nd top almost confirms the short ........assurance comes from divergence also with different indicators....may follow
2 Reasons Stock can go up is Double Bottom and Bullish Divergence. Buy at your own risk.
We Saw some Buying Power today Which may Continue a little bit. Have small targets in mind.
FORMING A DOUBLE BOTTOM TARGETS AND SL MENTIONED IN THE CHART
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t.me
NIFTY 50, on the confirmation line to break out the double bottom formation, will it lead to reclaim 8,600 in to the budget or will it retest 8,000 level on budget week and push run towards 8,600 or break 8,000 and towards 7,600?
