Nifty 50 - CMP 14617
Nifty is currently trading within a range bound channel and can see forming a bullish flag pattern on the chart. As it's a bullish pattern, one can expect a breakout on the upside followed by a move similar to the length of the prior pole. The current pole measurement shows return of approximately 12% which gives approximate targets of...
Granules - CMP 350
Breakout candidate, keep on radar. Looks good to go long as long as closes above 347 for initial target of 375.
1. Breakout out from the trendline.
2. Breakout out above resistance of 347.
3. Closing above 100 DMA.
Reliance Ind - Cmp 1947
Looks good to accumulate at current levels with sl 1835 on closing basis.
There is a small resistance at 1961. Safe traders can buy once closing above 1961.
1. Favorable risk reward ratio.
2. Positive bullish divergence.