Too many factors to go long in this counter -
1 718 - 722 is a long term Demand Zone ( Check Weekly & Monthly charts too )
2 Bullish Engulf made today
3 RSI - positive divergence
4 Good Volumes ( higher than average)
Keeping a Sl of 14th feb 2019 low, one can go long here for possible targets of 740/760
TV 18 has clearly formed an Inverted Head & Shoulders pattern and given a BO above 37.25. With stops at 36, once can look to go long
for positional targets of 42/ 44.
Even on Weekly, theres a clear double bottom
This is the best price to buy as it has taken support at crucial support levels, and attempting to go up from here. In the chart I have made an extended follow up move based on assumptions, where it could form an inverted H & S pattern and catapult it higher...
Happy trading/ investing :)
Pharm index is within the range on Daily basis, and taken support exactly at the bottom of the range, which should be some bit of good news. If does not break this, then can expect reversal next week ...
I THINK ITS A DEFINITE CUP & HANDLE BROKE OUT. THIS CHART HAS BEEN RE-CONSTRUCTED BY ME AFTER MY FRIEND ( AKSEL KIBAR ) HAS POINTED OUT THIS TO ME ....SURELY TARGET COME STO 11161 ON THE NIFTY :)