Parallel channel breakout and retest, if financials get support on next trading day, one can go long. A strong base has formed at 1115.
From August 2020, Gold has been moving in a downward channel and finally, it gave breakout recently. It might take some months to give a good up move as a slow mover, but it has a good possibility of the uptrend from now on. Long way to go for gold.
Nifty PSU Index has a lower trendline intact from march 2020, recently it got broke and ofcourse acts as resistance. 50% retracement of swing low can also act as resistance. So buy strictly after breakout could be a better choice.
Have a strong base at 1100, strong company, if breaks 1190 levels strongly has potential to reach 1300 and then 1430. Choose one among escorts or eicher.
It's a good fundamental company with growing profits YOY, can go long if it fills the gap and starts moving up. Keep on the radar for the first target of 1130 and the second target of 1300.
We can find horizontal and trendline support, possible for 15% upmove positionally.