yes, I updated Broadening formation before which was also bullish so to be more conservative here I am uploading parallel channel confluence with the trend.
We will buy it together :)
Keep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout.
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Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
Keep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend).
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Reason to buy:
1) Triangle breakout.
2) Taking support on previous breakout levels.
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Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels.
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Calculate your RR ratio and take the trade.
Buy back news is still cooking on Just Dial and it's been on whipsaw up and down. But it's holding its levels above 585/586 I would be interested, else one more round of bottom side test might happen.
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880 is a golden zone for this stocks. It's holding strong fort at that levels.. Sitting on the neck line of support tomorrow market opening will drive this stocks upside or down. I'm expecting Nifty to be Flat to down side you can look at this stock testing around 890-893 levels.
Nifty went down significantly but Relcap held it's ground compared to other stocks which fell more than 1%. if Nifty stays long one can buy at levels closed to 417 with a small stop loss.. or short below 416.
