PraffulAgarwal

PraffulAgarwal

inverse head and shoulder pattern head depth 325 points

PraffulAgarwal

Good for long term investment

PraffulAgarwal

retest done, ready to take-off for a resistance free journey

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at coughup zone volumes coming in, soon a breakout candidate for ATH

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Cup and handle formed on weekly tf, depth 108.3 handle is 0.5 retracement of Cup long for 40, 100 and 148 points.

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took support at year long trend line, fibo level 672 if breached ATH

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Demand zone is formed around 32700-800 Minor support level 33600 target 35350

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100 dema catched up, it can remain within triangle

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Cadila at demand zone but breached trendline that will act as resistance. consolidation distribution on cards.

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H&S target falls in demand zone

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KMB coming to congestion zone, expecting a pullback from TL.

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Descending triangle, demand zone and a multiple gaps the dried up volumes tells a story

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expecting movement in IT stocks

PraffulAgarwal Updated 

on the fresh news of international investments in Reliance retail, it has broken the consolidation line of 2194 with high volumes. post-2200, a massive short-covering will lift the prices higher, 32 lakh call writers are trapped at 2200 CE. considering the jio pattern, we can expect every weekend some news for next 3-4 weeks. PS: call writers are shifting to 2400...