after a long range inside run done good breakout now expecting a reversal or retest of breakout area. always trade with confluence and control risk
There is lot of useful information for traders and investors. So not writing much in notes. May be you will have to adjust your charts to accommodate everything so no excuses for that.
Colpal managed to close above 200 dma in previous day session, respected its demand zone 1350-1360. If breaks 1400 and sustained its a good buy for swing as well as in intraday.
ITC has bounced exponencially from its support 180. Some big players may be absorbing all selling pressure. Keep watch at this counter.Good to go long above 190
-Pharma sector yet to rally more upto 12000, 12900, 13500
-Also it is considered as defensive sector like IT
-Currently bank nifty weightage is decreasing and pharma is having only 3.2% weightage it can go upto 5-6%
buy if cross 276 and hold , go long 286 +
stop loss 260
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
SUPPORT MULTIPLE TIMES TESTED
Weekly Chart : Accumulation, Markup, Test of the markup done.
Raising Wedge Break Down and Tested