Nifty has given breakout of the trendline, went up and then came down breaking the trendline support. Now if we extend the trendline then it seems it will again come in between till 17900 zone. Once the same is broken on upside we can see some good upside. Till then it seems fingers crossed.
Gold has broken out from the valid trendline and now it may test the same and then bounce back. Levels of 50500-51000 can be good for buying. It will be retest zone for longer term upside.
Long can be initiated above 3131 with 2% SL and 8% target. It is showing Volatility Contraction Pattern criteria as the movement is getting shallow day by day
The stock has made base and also tried once to breakout but rejected. It can be bought above 704 with 2% SL for initial target of 10%
In this berish market NIFTY AUTO is strong. Some positivity can been seen here. Focus on leaders i.e Maruti, Tata motors, Eicher
Once the level of 930 is broken, long can be initiated and it can give good upside as pharma is expected to outperform. SL can be kept as 3%
It is under consolidation zone and can be bought once 91.50 is broken and SL can be kept as 3%
It is near the upper end of the channel. Profit booking is advisable and if goes above channel firmly then re-entry can be made over there
Long can be initiated here with SL of 5% and then to keep trail with 30 MA...
Systematic triangle in progress and it seems lower end of triangle so long can be initiated here with week low as SL. This will give higher risk-reward