Gold against dollar could take a bearish week upto 1785 , and it looks like a strong reversal area from that point with a wedge pattern
Good to buy around 2423 to 2253 and if that breaks we can see 1700
BPCL | Expecting falling wedge breakout in smaller time frame CMP : 419 (Dip 405) SL : 390 Target : 470 Good risk reward setup
If 2800 is not broken then we may again reach 2544 and if broken down we may see 2323, 2260 and 2102
Trading below 1285 on a weekly basis, we may see 1131 and breaking below that we may see 1010. On the upside 1500 might be a strong resistance in the coming months.
If 1099 is held up on a weekly basis then we may reach 1200, 1300 and 1400 else we may see the downside of 923 and 875. But crossing 1320 is going to be tough.
Breaking the current high of 1064 we may see 1140 and if crossed 1200 but that is where the fall begins and again good to buy at 725. Problem is there is no good volume with increase is price which is a worry and it is creating a megaphone pattern in higher time frame.
All attempt would be done to break the previous high on the upside and in the same way attempt would be made to check the demand around 560. If 560 is held on a weekly basis, then we may reach the all time high else we may see the bottom again.
If 360-370 is held on a daily basis then an attempt will be done to break above 440 and may reach ~460. But good resistance is at 440. On the downside is 360 is broken then we may reach 300, 250. We may see 200 this year or in the coming years.
Crossing 1200 is going to be tough in the coming months. Stock has become option sellers paradise.
Upside: If 72325 is held we can reach 83200 and is breached can reach 104000. Downside: If 68900 is broken can reach to 54600.
HEROMOTOCO good to buy at 2660 - 2600
Stock of the Week: #Kotarisug Entry Price: 50.40 SL: 23.70 Position Sizing: 7% Reason: On the verge of 15 years breakout with an increase in Volume NSE:KOTARISUG
AMARAJ BAT. EQUITY levels ...14/05/2021 (D candle)
Price action looks weak on daily chart of the infy and it looks like stock is getting ready for a deep dive, which could take stock to around 1280- 1250 levels .
RSI above 60 showing strength, GANN 677 sustained, Head and shoulder on daily and cup seen on weekly chart, Pharma index doing good, Good long expected with immediate sl at 677 gann. Parallel channel breakout on daily, strong bullish marubozu like candle.