BUY RISKY LONGTERM 1-2 YEAR
FOR 200 % ++ UPSIDE
KOHINOOR FOODS LTD
CMP = 8.40
TGT = 25+
SL = 3.5
**This post is for educational purpose only,
please concern with your advisor before
investing in market related instruments.**
ITC trading at 167 and trying to hold the low of
24 Sep 20 (166.15)
In previous day session it has formed a doji near
this level. Plz dont pre-empt of reversal and start buying it.
Wait for a bullish candle (with good vol) like I've shown in chart.
And, when high of this green candle breaks we can go long.
Conversaly if breaks 166, 157 is the next target
Nifty structuring a Bearish Harmonic Pattern.
We also have a supply zone at the top, so we can expect the nifty to get reversed.
The price reversal zone is 11734 and SL is 11794
The targets are
Please wait for reversal confirmation near our level..
Just my view.. :)
Nifty framing a Harmonic Shark Pattern ( Bearish Shark )
We can expect a reversal near 11546-11550 (PRZ)
Stop loss- 11600
Target -11408, 11368
I'm expecting NIFTY further downside till 11200-11185
Kindly stick to harmonic pattern target.
Just my view.. :-)
The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
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