Solar industries was in the range for the past 5 months, it took Support multiple times around the range of 2210 and 2110 exhausting all the sellers.
The trendline is broken , and its was a 5 month long one, so a nice up move is expected from the current levels and the trendline is retested as well.
If nifty remains bullish , solar industries may outperform.
Infosys has tested the support of 1700 to 1660 many times, thus this becomes a crucial level.
If this supports get broken a nice short trade can be initiated on the downside.
if it broke above 1770 after a pullback it can continue its trend on the upside.
It is necessary that structure of broader market improves for any stocks to head higher in the short term.
As equity market are falling, investors always find gold attractive.
Gold will be close to its high, wait for a pullback above its high , for a long position.
Gold will give a good return in 12 - 18 months period,as equity market are struggling.
The Futures Chart of nifty showed that it was in a broad range from october 2021 till 4th march 2022.
Breakout on the downside of the trend , may lead to retest of the range at around 16200 and then will continue to move down.
The support is at 15650 to 15450.
So Nifty may correct a good 500-600 points, before having an upleg again.
And break below 15450 may...
Page Inds is following the long term range from october 2020 as can be seen in the chart.
The MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 3%, YoY the revenue is up and net profit are up with an operating margin is neutral.
Break above 43000 , may result in a...
Adani green is following the long term range from 2020 as can be seen in the chart.
It has consolidated for almost 2 months now, the MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 7%, YoY the revenue is up and net profit are up with an operating margin which is...
