Metrotek_Financials

Short buildup can be seen in nifty. A head & shoulder formation can be seen in nifty on daily and weekly charts but it has not given the breakout yet. Once if it breaks the level of 7920 a huge downfall can be seen. So for the current scenario you may sell it with a target of 7920.

Long buildup can be see in icici bank on daily charts . as you can see the bullish pattern formations on the charts so its a BUY with a target of 280 and a strict stoploss should be maintained at 245 on closing basis. because its seen that most of times it just gives shadow at the bottom levels .

As it can be seen that a head & shoulder pattern with flat head and downward sloping channels has formed in amarajabat on daily charts. So it would be a sell with a closing stoploss of 920 with a target of 780. which it may achieve within one and a half month.

As it can be seen that two inverse head and shoulder pattern has been formed in cipla on daily and weekly charts. So it will be a buy on dips strategy at around 575 with a closing basis stoploss of 565 with a short term target of 600. And once if it breakes 600 which is a hurdle then you can easily expect the targets of 670.