Decent volumes in the last week and strong volumes in this week as well, a good price action breakout from the cup and handle pattern. Target of 900++ SL 505
After a good consolidation, finally IRCON is ready to move and give a breakout ! BUY @ 225-230 SL 214 Target : 250-275-300
Its an mixed bag view for nifty for few weeks as of now, its creating head and shoulder pattern in daily chart, in weekly it has created a shooting star at the top! these are bearish signs. for this bearish view to get negated nifty needs to close above 22620 level. along with this on short term it looks like nifty will touch 21350 odd levels in the coming week...
A strong flag breakout !! 150 points breakout !! Bank nifty also shows a breakout overall !! Awaiting target of 750 levels soon!!
Nifty has given a breakout from inverted H&S and cup and handle pattern opens doors for 23200-23500 level !! Bank nifty has given a close above 48500 level which is super strong !! also gave a breakout from Cup and Handle pattern which give a target of 51900 level !! Big BIG breakouts in both!!
80+ points Pole and its looking ready for a breakout !! SL 99 Target : 180
Nifty has give a strong close above 22222 level, also has created inverted H&S and making Cup and Handle pattern near ATH level. ANy close above 22550 level will open doors for 23300 soon !!
Overall nifty has move up from the lows of 21700 ! It had positive divergence in 2hr chart which has played out well, now its creating inverted H&S in 30 mins time frame. which shows a breakout done and awaiting 22500 as its target.
Overall Metal sector looks good for coming few weeks. MOIL being only company in manganese segment looks very lucrative at this point. Double bottom at 260 level Breakout zone 290 Target : 325-360 levels Short term trade.
Overall both indexes have created bearish formation on a daily chart looking weak across ! On 30 mins charts it seems a minor reversal is on place. Will this up move sustain. We start this coming week at a crucial juncture. Overall View is to stay Cautious till Nifty does not break above 22222 and Bank Nifty breaks above 46800 levels.
Nifty & Bank Nifty look in strong position to march towards higher level, Nifty is creating a Flag in a 30 min Time frame, breakout is above 22530 level Bank Nifty has broken out of a Flag in a 30 min time frame, the flag height is 1800 points, target is 49300 level. Both Indexes placed well !!
At the Resistance area once above 660 will open up for 1040 Rounding bottom pattern breakout Support / SL : 525
Rounding bottom and W pattern breakout SL - 175 Target 1 : 360 Target 2 : 420
Nifty has given a breakout from a 2 month consolidation and moved towards 22450 levels. Now it seems tht on a shorter time frame it will retrace and take support at 22250-22280 levels to create a base for the next upward journey. Bank Nifty have given a strong close at 47300 level. A close above 47350 level will open doors for 48000-48200 level above which...
a Long consolidated Flag breakout !! Looks good for 2500 levels support at 1275
A Strong Breakout by Rico Auto Looks like it will double from here !! 200 looks coming soon. Support Area is 83 level
Flag pattern of 180 points Breakout zone 415 Sl 360
Nifty is forming Cup and Handle pattern, it yet to give a breakout ! Bank nifty is creating W pattern with double bottom. Breakout is still pending. Multiple technical indicators are showing strength for upward movement.