Nifty may repeat a well respected pattern in past, Lets see what happens this time.
Banknifty - Getting in narrow region - Bearish divergence on RSI.. Careful with longs
Amara raja batteries - Bullish breakout on daily chart - Expect continuation.
Bhageria industries - Bullish breakout. We can expect a strong bullish upside based on previous chart breakouts..
Sumitomo chemicals - Bullish breakout
DRREDDY Lab - looks like it is ready for next up move.
Bajaj Auto breakout on weekly chart.. Good for fresh investments
HPCl looks bullish after making inverted H&S
Crude seems to break major trend line. Confirm only on breakout
Dont get excited by the recent rally on this.. I dont see it going much high, it may come down to test trend line..
Guess which pattern we are looking for to repeat? look back on same chart..
UP move on NIFTY till expected if breaks channel on UP side.. It can go till 10700..
No sustaining of up move on NIFTY
Nifty is not going to sustain yesterdays aggressive move. It is going to break major trend line which was following since 2014. If this happens, there will be major correction.
Bottom formation, Expected to complete correction..
very high probability swing trade on breakout of flag
Expect consolidation for more time