Looks like Nifty is heading to make a Inverted head and shoulder pattern if 19200 gets protected in coming days. Still Early to say but let's see how it fairs in coming days.
#jsw cmp 745 sl 710 tgt 900+ - metal leader can see 4 digit soon
BREAKOUT TO TRADE: Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend. Our Long Term Pick is TATA STEEL REASON : 1. Symmetrical Triangle! 2.Metal Sector Staring at a Breakout! 3. Removal of weak hands done last week. TARGET : 1500+ SL IS WEEKLY CLOSING BELOW 595
Strong Breakout Soon Stock! #Steelxind ⚡️ SL: 225 TARGET : 321
NSE:YESBANK Once a darling stock of retail has broken out after a very long range can easily head to 18+ in coming days
Ever since Tata motor's EV segment started shining, the supportive leg which is TATA POWER setting up charging stations across nation and Govt of India pushing for green vehicle parade by 2030 this stock looks like an excellent investment pick. Friday it saw a huge volume activity because of the news that Tesla is in talks with TATA POWER to set up charging stations.
Bajaj Finance had taken support from level 5194 level, despite the sell off on friday, Stock has held the existing level firmly which indicates big fish activity. Stock can move up to 5822 level soon and above. Short term swing BUY. If you get dips, accumulate. SL: 5160
Breakdown to Trade: 🔴 RELIANCE Reasons: 1️⃣ Bearish Rising Wedge Pattern. 2️⃣ Broke Important Weekly Swing Low. Target : Bearish Rising Wedge Pattern Target : 1596 🚩 Stop Loss: Day Candle closing above 1930
Positional Trade ! BEL #BEL Reasons: 1. Inverted Head and Shoulder Pattern 2. Above 200 DMA Target : 185 SL : Day Candle closing below HNS neckline i.e. 112.
AUROPHARMA Reasons: 1. Descending Triangle/ Cup and Handle 2. Base formed 3. Past 2 days candle closing above the trendline. SL: Closing Below 888 Target : New ATH / 1100