Shriram Piston price action:-
It forms CUP & Handle pattern. It has neck line of near 1500 as per chart. It was given retest move and reversal from of this pattern.
It may test 2800 soon hold with patience.
As per fundamental, it is undervalued stocks.
=Today, Tech Mahindra showcased a significant breakout after consolidation within a parallel channel pattern across multiple time frame.
=After undergoing of correction of over 50% last year this stock now seems to give a good momentum. We can reasonably anticipate a potential gain of at least 10% from this level.
NOTE- Do prepare your setup and then Analyze....
In technical viewpoint since Aug 2020 Gold continued traded lower low and lower highs and it does create a descending channel on daily chart.
Staring of this month Gold start traded below 200SMA on daily chart after a long period, which is very bearish signal for Gold.
If we see chart properly we may see a another descending channel within short range which may...
