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
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.
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.