MGL Weekly chart is at the breakout level of a supply zone. TL breakout is already done. A safer entry would be after the supply zone is broken with a good bull candle.
BASF has formed a rounding bottom pattern in weekly TF. Need to close strong above 2300 level for further momentum in short to medium term.
CenturyTextile.. 1 Hr breakout on the closing hour. with tremendous volume.. can be traded tomorrow intraday if retests the BO line and continues. Positional SL: 495 Looks very bullish in all major Time Frames..
Bank nifty has scope to come till the immediate TL support near 33700 levels. Which turns out to be the 50% level of Fibonacci.
Nifty has broken a support area of 14650-700 more bearishness can be seen in coming sessions which could lead the index till 14250. Along with the formation of the lower low pattern.
Nifty is about to hit its lifetime high.. with a parabolic momentum in the last few sessions.
bank nifty has hit the trendline resistance of the channel in daily chart.. watch out with your long positions on banking stocks if it does not breakout of this pattern....