Price making a triangle pattern and it is at the edge of breakout if closes above the lines strong then 1270 is the target.
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DMART chart looking interesting with possibility to move higher after positive earning reports
Good to buy at current level 1880 to 1890 for a targets 1937, 2018, 2075, 2149 and 2184 in extension
Strong possibility to break out above 1937
Keep stop loss moving from 1808.
MACD crossover, rsi falling below 75, stock closing below 8, 13 and 21 ema..
It has also reached the Fibonacci level of 78.6% and is likely to reach 50% level
A good stock to short for a target of
TGT 1 - 205
TGT 2 - 200
SL - 223
NIFTY HOURLY CHART TRADE
CAUTION TRADE WITH STRICT STOPLOSS
NIFTY HAD BROKEN STEEP TRENDLINE
NOW HAS RETRACED TO 61.8% ON HOURLY CHART
IF THE TREND IS TRUE IT MUST REVERSE
FROM 10568-70 OR 10550 LEVELS(ADJUSTED FOR VOLATILITY
TRADE WITH A VIEW OF 10750 IN MIND AND WITH A 30 TO 40
POINTS ON THE INDEX