NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks.
Your SL in this sector would breaking of right shoulder low.
Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
Bitcoin is ready for a bull run. If at all you get bitcoin at around 15600 levels, it becomes a buy on dip.
The chart shows it has crossed the important Fibonacci level of 61.8, which means the trend of BTC is now bullish.
Stop loss in this will again be a weekly closing below 15600 levels. Till then, it's a buy on dip.
HDFC LIFE is making an inverted head and shoulder pattern.
Pattern gets invalidated if we get a closing below 555.
So go long this a good stock to keep in your portfolio or for a small positional trade as well.
Stock Name : Aurobindo Pharma
Type : Swing Trade
Chart Pattern : Bullish Flag Pattern
Also, there is some pleasant news surrounding the stock, so the Stock is likely to go up and up.
SL : 620
TARGET : 720 , 770.
Using the Alan Andrews pitchfork that predicted the highs and reversal for nifty quite accurately we can see ourselves heading 12400 to even 12500.
Expecting the biggies to create a dip in December till 11800 and then continuing the rally till budget and after budget a strong correction.
Post the finance minister’s announcement the trend has changed to short term bullish. Hence this rally is likely to continue until budget announcement. So buy if you see nifty at 11800 or 11750 levels.