6 hr breakout in US Crude. Triangle breakout observed in 6 hr time frame.
NIFTY correction expected as per wave analysis.
5th Wave is still continuing.
Swing trade for Coforge for a short term return expectancy i.e. 4-5% return on capital. Buy @5250-5300, Stoploss-5000 , Quantity-15
Check for breakout abouve the upper channel.
*Channel breakout indication.
If Candle breaks the upper channel line in weekly chart, indicating strong bullishness til declaration of dividend and Q1 earnings.
Price-Action(Lal Path Lab)
Look out for the support at bottom trend line or Fibonacci (0.5).
A Simple price action analysis of Crompton