Havells has broken out of a flag with pattern after taking support from the 50ema, Although markets are bearish right now, nifty rests on its 200ema and we may see a bounce back throughout these bearish days where most stocks broke structure and fell sharply, havells maintained and consolidated on
its moving average showing strength
Target: Flags High
Auropharm has formed a beautiful cup with handle and has given a breakout on above average volume.
Giving a valid shakedown by the handle as the volume dries up and a sudden break of th 50EMA and handle top shows bullish pressure for a long trade.
Target 1 being the 200EMA and T2 at 692 at the highs.
Stop loss near the minor swing low
Keep It Simple
Acrysil has been under a resistance zone for 70+ days and has formed a beautiful triangle patternwith support of the 50EMA. High volume cue has
been given and a break above the resistance and the 200EMA provides a possibility for a long trade.
3 targets
T1 should hit in a short span while T3 may take a
few months with pullbacks.
Stop loss below the 50EMA...
Nifty Intraday Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Bullish Continuation
Expecting Nifty to Open Flat / Small Gap up between CPR and Sell Reversal zone, wait for pull back to test CPR then we can go long for Targets 16253 & 16278 and above
Any breakout below CPR, nifty will go down to test PDL & Virgin CPR level...
Nifty Intraday Levels...
Trend : Bullish
Sentiment : Negative
Expectation : Bearish Continuation
Expecting Nifty to Open Flat / Small Gap up around CPR , If any rejection around CPR /Sell Reversal zone we can go short and target is Bear BO and WPP
Any breakout above R1 / Bull BO level, look for buying opportunity.
Refer the chart for detailed Intraday Support...
