For the second time since 18th July ITC is trying to move above 50 day EMA and this time positive RSI divergence is indicating that ITC may try to reach 290 - 295 levels. A close above 50 EMA would be a confirmation.
ON DAILY CHARTS DHFL LOOKS QUITE INTERESTING, A PROBABLE HEAD AND SHOULDER PATTERN AND A BULLISH FLAG. I DON'T KNOW WHICH ONE OF THESE TWO WILL GIVE BREAKOUT, SO LET DHFL TELL ME FIRST THEN I WOULD GO WITH THE FLOW
When I see Nifty weekly from 2009, a channel is observed with moves hitting upper trendline and then coming back to take support on down trend line. As we see past to guess (not predict) what can happen in future, this channel might be useful.