> hit new 1 Year High today > daily last 3 candles with HH-HL > daily last 3 volumes seeing decending candles > daily closing RSI above 80, though lower subsequent time frames shows descending RSI values all above tells me that there can be profit booking possibility lets see where it goes tomorrow disclaimer - just an observation
Buy L&T @ 1448, T - 1525, 1565 SL- 1410 Breakout from HH-HL pattern.
The stock is trading in higher high and higher low formation. Immediate support lies around 1220. I expect some sort of consolidation and correction in the current zone i.e. 1220 to 1300. It can be accumulated in dips till 1220 for higher target. CMP: 1286 Target: 1335, 1380, 1500 SL: 1190-1200 on daily closing basis.
Look at the chart, NIFTY is already touched all time high and bank nifty to follow. November 4th it broke the accumulation range and started forming HH and HL. Momentum is too good. I thoughi it might correct today, but it is a gap-up open today and most of the day it remained within the opening range (or forming a typical day_) and closed little higher than the...
Stock has formed higher high and higher low pattern. CMP : 423 Target : 431