Since, this is a holiday season, the volumes are going to dry up and we should not expect any wild moves and there is a high probability that the market might be sideways the following week. However, nobody, I mean nobody, even if you are Warren Buffet, nobody knows what is going to happen tomorrow. My strong buying level is above 30950, but it should break...
Intraday Nifty Future Buy ~ 11225, 11235, Stop ~ 11180, Target ~ 11360, 11385
Good LONG opportunity on KHC if it breaks to the upside with good volume the descending broadening wedge.
The pair was moving in a steep rising wedge pattern from the past 1.5 months. GBPINR, in the previous session, gave a daily close below the lower trend line of the wedge pattern, confirming a breakdown. In doing so, the pair also breached crucial support of 21 days EMA (88.1609). Now, it is susceptible to heavy selling that can take the price to 86.5692. The stop...
LOOKING for an upside breakout from the wedge and a good upside rally!