NESCO had a pullback from 600 levels and fell upto 520s which is acting as a strong support line.
A fall below 515 immediately rejected with close above 516 and next candle moved big.
Go Long on CMP.
SL : 515
Long wicks Signs of rejection at lower levels
Double bottom breakout might be possible
Buy above 11560 if sustained more than 1hr TF
Target 1 - 11650
Target 2 - 11750
Stop Loss - 11450 on Closing Basis
Since nifty has gained all the momentum for now, Pharma as a whole sector is consolidating. Auropharma has made a Head & Shoulders pattern. If it breaks below 850 with volumes, consider for selling. keep target of 770.
Voltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart.
Its a precarious level with both scenarios of break and rejection equally possible.
Volume & Momentum seem to favour a break upwards.
Pay attention to NIFTY trends and...
Hdfc short below 1750 sustaining for 1700/1660 SL 1812....risky its paper trade becoz this candle formation found at bottom n gives good momentum also at 1660 levels gap filling is there.....below 1750 can give good momentum i think.....no trades only paper trade