HUL FUT broke above descending channel pattern on an hourly chart with OI suggesting shortcovering turned to long build up.
Very good risk rewad ratio in favour of bulls.
Not to be missed.
Could be bought with mentioned stoploss & target.
BANKNIFTY is trading near its crucial support zone of 45275-45280. It made low(45324) near support & bounced back. As long as banknifty trades above theses level its strong.
Could be bought here with CBSL 45275.
Update target later.
Kotakbank is in the process of making cup n handle pattern on hourly charts with good OI build up.
Although it hasnt confirmed yet but i am pre empting that it ll.
Could be bought here or above breakout level of 1886 with mentioned stoploss & target.
Option Tradders can buy 1860 ce .
COROMANDEL fut is trading in higher high/higher low pattern & broke aout descending triangle pattern on daily TF with good OI build up.
Could be bought with mentioned stoploss & target.
has hit 52 week high on 11th feb
closed above 100 sma
three outside up candle formation on daily chart - bullish reversal
weekly adx above 30 - bullish trend
NEXT TARGET - 300
reference chart with entry level below
