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Clear Breakout in Amrutanjan. One can trade now or on retest of breakout.

Chartworld1 Updated 

Muthoot after taking support at 200 EMA, can move forward and breakout the falling trendline. Ideal buy after the breakout or at retest.

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Dow Jones is trading at a critical juncture. Any close above 35200 can lead to a new rally which could be very big. A break out the trendline could result in it coming down to 29400 levels which is 20 EMA. This could impact all markets.

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Gold is moving in a bearish butterfly mode. 1967 is a resistance where it could see some sell off till 1870-1900 levels and then continue its upward journey to 2000+ levels.

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Nifty Energy on the verge of cup and handle breakout. Reliance is leading the way for this but other components such ONGC, Tata Power, Adani Green, NTPC and Power Grid can move this forward.

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ONGC in the process of completing inverse head and shoulder pattern whereas volumes are going down and RSI is having +ve divergence. The only negative is relative strength has gone below 0. 150 is anyways a big resistance and completes bearish harmonic pattern in weekly timeframe.

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US Dollar can reverse from here as it is reaching its reversal/buying zone. If this happens, we can see correction in the near future. Till RSI is below 50, we are in comfortable zone.

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Sundaram Clayton forming cup and handle in monthly chart with good volumes. This can be a doubler in quick time since it has momentum. Targets can be close to 6000+. RS near zero line in daily chart.

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Action construction on verge of 13 year old consolidation breakout from a cup and handle pattern. Conservative targets can be 400 and if achieved, can move towards 700+. Time frame- 2-3 years.

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Avanti Feeds breaking out of Harmonic Triangle Pattern. Volumes seems to be good. Can move to 760 and 1000 levels in 18-24 months

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ABFRL in the process of completing Cup and Handle Pattern in weekly timeframe. Once broken out with volumes can move towards 275+ and onwards.

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Can we see top of Nifty at 21500 as per history in monthly chart. Only time will tell.

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Escorts moving in a harmonic triangle pattern. Can move towards 1265,1380 and 1465. This might require patience but risk:reward is very good.

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Sun Tv can move towards after taking support at 200 EMA in weekly timeframe. keep a watch.

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Sunteck Realty can move to 500+ levels very soon. Supertrend has already given buy signal. After Bullish Harmonic pattern, the upmove can be fast and furious. Small capital allocation is the way to go.

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HCL Tech is moving in a flag pattern in weekly chart. Can move beyond 1200 levels very soon. Chart structure is very similar to Tech Mahindra as i had posted earlier.

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Inverse Head and Shoulder formed in MGL. Can be a 10-15% move in quick time.

Chartworld1 Updated 

Can breakout and give 25% returns