Likhitha has been in a good consolidation after starting bull run... longer the consolidation stronger the breakout... Here there could be a retest of breakout for resistance trendline of consolidation flag after that it could fly high! NSE:LIKHITHA
NSE:NIFTY We can see here that nifty went down in 5wave structure of first corrective wave A. Now we are in a corrective wace C of corrective wave B. Wave C will start soon watch out and surf it.
Today banknifty has fallen it has created head and shoulders pattern in 1 hour and it gave breakdown. Now it might do one of these 3 scenarios. Box will be the deciding level. If it retests and starts falling again then target area will be 36900-37000. Otherwise if it goes up from 37800 then we might see 38100-38200 area again. 37760-37249 area is best avoided if...
Inverted head & shoulder pattern breakout with high volume candle.
Hindalco has recently given a channel breakout. Considering its uptrend and the global demand of manufacturing materials it is about to go higher according to my view. Some reasons and signals are as below: 1. Overall uptrend 2. MACD giving upward direction 3. Stochastic also confirming up trend 4. RSI is above 60 and stock has gained momentum despite of...