We can clearly see a inverted head & shoulder pattern in LIC.
Long term trend looks bullish, I know not strongly bullish but yeah it is bullish, so we can take a short term trade for a week to 10 days long.
1st target ROI will comes around 2.8% and 2nd target ROI comes around 4.7%, which considered for a week to 10 days trade is a very atrractive return.
SL can be...
There is a clear cup and handle formation in the HDFC Bank, but for trading it is not recommended. If you are searching for a long tern investing perspective I think this is a good time to buy and hold for alteast 1-1.5 Years
I RECOMEND TO BUY GLENMARK BUT WAIT TILL IT CROSES THAT ZONE ON UPPER SIDE. HERE ARE THE REASONS
1.IT IS FORMING A DOUBLE SIDED TRIANGLE IF IT BREAKS ITS A CLEAR BUY.
2.PREVIOUSLY THAT ZONE ACTED AS STRONG RESISTANCE AND SUPPORT.
3.IN INTRADAY UPPER SIDE OF TRIANGLE ACTING AS A VERY STRONG RESISTANCE.
*SO WAIT TILL IT BREAKS THAT REGION AND IT IS A CLEAR BUY*
I CAN SEE CHANCES OF BOTH UPWARD AND DOWNWARD MOMENT......
IF IT CROSSES THE RESISTANCE IT WILL SURELY GO AND MAKE HIGHER HIGHS......
IT CAN ALSO MAKE DOUBLE TOP AND BOTTOM SO WAIT TILL IT CROSSES NECKLINE DURING DOWNWARD MOMENT AND SELL......
