breakout of ascending triangle consolidation before some days back bouncing from breakout and retest zone strong support at 45 level one can enter longs on dip towards 50-55 levels for upward move expected up to 80-85 levels .
Lead from last 6 month consolidating in tight range 185- 178 on downside weekly closing coming near the resistance zone . expecting good show in next 2 -3 month expecting bull run in all base metal copper ,aluminum, nickel . expected lead to bounce towards 192 and if closes above 200 level by December end .view fails on weekly closing below 180 levels entry level...
downwards channel on weekly time frame good consolidation in 280 -300 range strong base build around 280 zone .if holds 280 on weekly closing bases in coming month chance of visiting 450 levels in next 3-4 month are high .view fails on weekly close below 280 level entry zone 295-305 .
If doesn't cross above 7000 level and closes with strong volume in remaining august series ,then might see fall up to 6000 levels in coming weeks .forming a ascending triangle .might possible go for a third touch correction towards rising trend line .
Biocon fut - stong support in range 250-245 day closing bases buy in range 250-260 next week with support 245 day closing bases for upside moment towards 290 in 4-6 weeks .
SBIN - reversing from channel rising trendline support area .If hold above 500 level on weekly closing bases for next 2 month caan see upmove toeards 750-800 levels from current levels .
SENSEX BREAKOUT AFTER 11.5 YEARS OF CONSOLIDATION IN RANGE 20K-40K
we can see some correction in nifty but gradually index is heading toward new high of 11900 level if we hold on to 10500 level in near term correction to 10700 level possible .but overall index look good to head over to 11900 level ones it crosses and sustains 52 week high 11175 level.That does not mean all stock are going to outperform .the study is only about...
GATI IS SHOWING SINGS OF STRONG RECOVERY FROM ITS BOTTOM PRICE IF LEVEL 104 ARE HOLD ON WEEKLY CLOSING BASIS WE CAN SEE STOCK GOING TO 175-200 LEVEL IN NEXT 2-3 MONTHS .