BHARATFORG Can go long at 820 with stop loss of 800 for the target of 840 and 860
ALKEM has seen good buying at first hour of previous session; however, the price couldn't sustain the breakout. The stock should be watch list and can enter long at 3380 with stop loss of 3300 for the target of 3460 and 3540. If price reverse below 3300 then the setup remains invalid
BANK NIFTY forming the triangle breakout pattern. Currently trading at crucial and phycological level of 36000. A profit booking can be seen at this level which may drag to 35500 (immediate support) below which may drag to 35000 (next support). Sustaining the 36000 may rally to 36,600 (First Resistance) break and sustain the first resistance may invite 37200+
MARICO can go short at 530.5 with Stop loss of 540.5 for the target of 520.5 and 510.5
MCDOWELL-N formed pole and flag pattern breakout with good volumes. Can go long at 670 with stop loss of 640 for the target of 700 and 730. Can take position as per individual risk appetite!
UPL can go long at 840 with Stop loss of 815 for the target of 865 and 890
Looking at price pattern 550 to 590 is not too far