After a huge correction nifty might take a break and reverse. Closing below 10907 may take nifty more down.
Can trade for impulse D point for tgt 390.
Watch the stock. Potential reversal is possible.
HDFC (SPOT) Weekly chart made a high wave candle followed by a possible bearish engulfing pattern in making only if the price manages to cover the previous candle till Friday. Targets of 2100 can be seen
Spot cmp - 344 Target - 288 SL 352 on a closing basis
CMP- 1579.05 Target 1495 SL 1630 on a closing basis
NBCC after failing to break its resistance of 68.40, corrected till 60. Since 9 days it has been trading in a narrow range between 63-60. Expecting a big move, hopefully on the positive side as the market is bullish.
Ashok Leyland is trading in a narrow channel after being down from 95 levels. Possible cup and handle formation can be played if it breaks from 89+ and will try to test 95 levels. Keep a close watch on the stock as it is undergoing various internal changes in the management.
The stock is trading in a channel for a while now. Seems like a buy around 210-205 If it breaks above 217 then there is a huge upside.
M&M has been in a downtrend for a while now. Fortunately, it has shown some recovery from 622 levels. A possible Inverted Head & Shoulder pattern seems to be in a formation Auto sales report will be in focus on April 1 which could act trigger for the stock. It's a must buy above 700 for 780 targets.