Adani correcting towards 50% correction of recent high, if unable to support at 50% then push SL or short till 61.8%. Buy after as decided for long upside.
OI SUGGEST UPSIDE IF PULLBACK AFTER 50%, long unwinding is about to over, can see fresh start for upside OI.
*THIS IS FOR STUDY PURPOSE*
M&Mfin has ready to go upside and the awesome oscillator shows the strength in the upside and closing is 166.55.
Buy above 169 and stop loss is 164 and target is 175-180-185+. If close above 185 then come to 192-200 again.
After, making a Cup and Handle Pattern nifty is trying to consolidate to at nearly support range. Can be considered as an opportunity to buy on every dips with following levels:
Buying Range: 11850-11900
SL: 11700-11650
Tg Range: 12110-12250
for coming days.
By
Investiture.in
2 Cases:
1. Surviving Support Line 1 and breaking resistance Line : Expect Nifty to rally towards 11000.
2. Breaking down the SL 1 : Expect nifty to break down till 9000
If you go n check on larger time frame TaMo is on very good support & with Bullish Bat patter completion around the support zone. So, its ideal for us to expect a move towards 450's zone.
But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr...
