Bajaj Auto is currently near it's ATH, and is getting ready for another rally in short term. The target is calculated using the ABCD pattern of Harmonics. Current daily candle tried to break ATH level but gave a closing below it. So, candle closing above 8700 will decide whether it will move upside or not. However, this is a perfect example of price action of a...
Short Term Trading Advice by Goodluck Capital Buy Som Distilleries and Breweries (NSE:SDBL) Buy Range- 260 - 270 Target- 300 - 305 StopLoss- below 242 Potential Return- 13-15% Approx trade duration 14 - 15 days
Negative Reversal Indications: 1) Shooting star & series of Doji's at top. 2) RSI Negative Divergence 3) Gap filling pending. Zone - 780-790.
Tech Mahindra is in down trend for short term, Watch out Major Level of support (880-900) and short term trend break. Follow trend and do further study ;)