looking bullish from here as its close today yesterday high....
as K TECH FIN ipo going to list on month end, n it has strong fundametal balance sheet, kotak had aquire 10% stake last year...now kotak being in steady near 200 ema....today market fall 250 point but kotak remain stable....two days ago a large two block deal happened in kotak in single day....its shows kotak waiting for k tech fin ipo listing....it also has...
nifty moving in parallel channel....its looks interesting for expiry
as we can see weekly chart here....from covid level its fall fall hugh...after couple months its break out pre-covid level & made H&S pattern at top and as broken down that H&S it fall exact same level 11% as per H&S theory and took support of pre covid level....now again came to retest level and made evening star pattern in weekly chart, it might come to 29557...
today ITC broken inclined trend line and created an evening star candle pattern....also given closing below yesterday low....one can enter with 1:3 risk reward ratio...
Niftyfmcg going to break most trusted pattern H&S….as it break it will go to the all time high level target….here target also calculated as per H&S breakout n it’s gv exactly target to the previous all time high level….one can go “CE” of jun or July month for HUl , Tata consumer, Godrejcp…..for long position trade….best of luck one can also go for Hero or zero in OTM….
Ready for tomorrow 3-5% move in IGL Reason to buy: 1) after 2 days buying today its inside candle, 2) near to treadline 3) buyers created base on 325-350 level....
ICICI GI made good chart, as it break consolidate zone.... enter for target mentioned.
good chance to enter in divi's lab after 2-3 market days for long long move..as fibonnaci retracement n parallel decending line end on 4000 price level....
dr. reddy on last support....one ca enter for long term in pharma sector
as break this it will for 75-80 target as budget also come near....
what a beautiful consolidate here as break this box will hit target soon,,,,go with cash position trade for target 600 minimum
as break decending parallel chart,,,,enter for 1:3 risk reward
BPCL already broken H&S pattern and come for retest with desending parallel channel....as this parallel channel pattern gets break...enter for 1:3 risk reward ratio....
ready for bull run one can enter for positional trade in dabur
if breakdown 138 then fo for short for 1:2 risk reward n if break triangle pattern tread line then go for long for swing trade....
as its breaks H & D pattern one ca enter for shorts for 1:2 risk reward
anything can happen here now....might be go up as its gives breakot this treadline or will come again for 10-15% down. if it consolidate here then we can see bull run here might be touch soon all time high n may company declare split or bonus news as Q3 result coming n it might be best result as this time we noticed highest purchase demand in diwali time....best...