dhavin199

dhavin199

Consolidating in range more than a year now formation of rounding bottom + Tripple bottom + Chemical sector underperformed chances of good rally on Weekly closing above 1626

dhavin199

BUYING recommended on dips SL of 790 expecting a dip and consolidation in range of 820-850 and then a boom and target of 1050

dhavin199

ROUNDING BOTTOM formation is there buy till the level of 370 and maintaing SL of 345 will give good targets of 450 and 480 once it breaks 430

dhavin199 Updated 

Rounding bottom on Weekly TF suggests a very strong bullish momentum in the stock and this is purely technical pick.

dhavin199

One can still buy till the rate of 4400 and keeping SL of 4300 targets of 5000 can be seen in medium term.. purely technical view.

dhavin199

Shorting in range of 560-570 is looking good for positional targets of 500.. purely technical view

dhavin199

Charts on a weekly TF suggests a bullish momentum for the time ahead if if the falling wedge pattern gives a breakout also there is a bullish divergence it is not of more significance but surely a positive thing. buy on dips is more recommended for long term vision.. this is purely technical view.

dhavin199

Breakout of this trendline will be a big relief for IRCTC holders it can bounce to 750++ and more but let market decide what will happen we will let price decide.