Zydus wellness has currently formed a double top pattern on weekly charts.
A valid breakout above the top will lead to further uptrend and one may witness levels of app 2300, 2600 , 3000
Trade as per price action.
I will buy GICRE because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 122
Target : 169
Stop loss : 111
I will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it...
I WILL LOOK AT BUYING OPPORTUNITIES AT OBEROIRLTY because :
It is forming a kind of expanding pattern .
It has been taking the support of the lower trend line .
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 379
Target : 443
Stop loss : 368
I will buy GSPL because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 192
Target : 223
Stop loss : 189
Stock has completed its first wave & is ready for a fall to start its journey for the 2nd wave which can be expected to complete in the zone of 320-300.
On the Chart, the price follows a zig-zag pattern. Using Fibonacci the price touches 1.414 at price 155 with RSI below 30. It bounces back to 0.314 which is up to 196 in short term.
