The stock corrected almost 25% from Top. After forming a double bottom around 880, the stock is giving multiple breakouts....a Double Bottom Breakout and trendline resistance breakout....the new CEO has taken charge and the commentary he gave may have been liked by the street and can be a potential trigger
Vodafone can be the stock to watch in 2022. With Jio hiking price, price war in telecom sector finally gets over. It should ideally pave way for Idea to raise funds. Stock has a potential to be rerated from here. Will be watching for breakout above INR 14 on charts to signal the same.
HAL has formed a double top today. Their was a CNBC flash of a possible OFS by Government in the counter. It is offering interesting shorting opportunity backed by a negative news at all time high. Good Risk Reward
Nifty respected the 1.618 extension of the Mar 2020 correction and went into a 10 week correction post that. Now it is 2.0 extension. Will it make a pause or go on to move towards 2.618 extension straight away. Lets see