Will look for a trading opportunity once prices break outside the triangle range.
IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
JSW Steel could soon take a dip and break out upwards, or sink below 300. Makes for a good long/short setup in the coming sessions. Watching closely.
Tata Motors has moved out of its downtrend which started off early this year. The fundamentals are good, looking at 300+ targets. T1 & T2 on chart.
DLF has broken out of it's downtrend. A long setup is possible with a good R:R.
TCS flirting with its all time high makes for another possible trade. A break out above or below the triangle would make for a good long/short entry.
Bluedart is very close to completion of its downtrend. But for now i will short it with redlines as targets.
Trend line is from 2009 Nifty is looking good for retracement on multiple indicators.