Buy PI Industries if it sustains above 1655 for long term target of 2000 plus
If it sustains below 618.50 then it can come down to fibbo level 0.236 = 558 ( which is also horizontal support). If that level is broken then will come another horizontal support and fibbo level of 0.382 = 553
If able to break and sustain above 1845 then upside possible at 100 % fibbo retracement level and can reach 1897. If breaks below 1806 then can reach 1755- (near fibbo level of 0.236)
1. If breakout of ascending triangle in NSE:ADANIPORTS then upside possible: Upside Fibbo Level 0.618=295, 0.786=316 (The gap at this level will act as resistance) 2. If breakdown then 0.382=254, 0.5=241
If a trendline is broken then it can touch a fibbo level of 0.618 = 131.90. If that is broken then can come for 128, 126.
Ambuja Cement has formed Dark Cloud Cover Pattern and also breakdown of brearish flag. Target 0.382 = 163.40, 0.5=153, 0.618 = 153.05
The possible downside if gives a breakdown of the bearish flag. May come to fibbo level 0.382=490, 0.5=456