Its Mid week and W TF is not complete but still I can see Tug Of War between buyer and sellers at current levels.
Proper Stage Structure in place in D TF.
EMA analysis is positive and price is above Key MA and maintaining so since long time.
Further Upside expected as the Structure of NSE:CNXIT
is also showing a BreakOut.
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Chart Type: Self Explanatory
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GMM Pfaulder Ltd saw a remarkable from 4000 levels to 5435 levels.
Though it went into deep correction after marking high of 5435.
Currently it is approaching it's imp support around 4474-4434.
Since it's weekly and monthly chart are bullish,chances are that it might took support at the level mentioned above, hence I am keeping an eye on its price action this...
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As we can see in the chart, the stock has given a decent breakout from its stiff resistance. Also, it has retested this level after the breakout. Now, positionally a good pick for going low with a stop loss below 235. We might see a decent rally in this stock after a little consolidation around its current pricing. For targets, take reference of provided target lines.
Tata motors looks good for positional trade. The stock has broken it's Descending Triangle Pattern and gave a breakout. If it crosses the resistance zone that is between 337 to 342, we can expect a good upward movement in this stock.
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Adani Power given the Breakout.
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You can buy it once it reach 107.
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Target can be 120 and above, go for Positional Trade only.
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Keep learning keep earning
