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Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
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buy on on upper trendline breakout
Price after the record breakout from 440 to 680 in a short period now consolidating and forming a FLAG pattern if breaks the resistance line at 668 then it will fly for second time in a row. Best buy is at the channel bottom.
The chart pattern looks like the letter "J" with two peaks and a rounded valley in between and a higher peak. Scallop tend to be wider near the start of a price trend than near the end. A close above the highest high signals an upwards breakout. Targets on the chart. A high of 750 to 800 may be achieved in near future. Disclaimer : The opinions and analysis...