NSE:BSE Roaring ahead with great momentum in poor overall markets. The stock has made a H&S and is breaking out above the right shoulder indicating bullishness. Looking for the counter to make fresh high's with a SL right below the neckline
Continued selling pressure dragging the markets with a spillover effect on one of the most resilient sectors. NSE:TCS has caught my attention forming H&S pattern over 4 months. This signifies weakness with a stop above 4310 with targets 3780,3660,3455. Lacklustre volumes couples with poor outlook and MAGA 2.0 adds more conviction. Chose the pullback near 4000...
BANKNIFTY Completes retracement and heads lower breaking through necklines with a target of 48440,47950,46500. Overall markets looking weak with H&S pattern forming in major stocks and indices. With a close stop of 50050 on a closing basis this opportunity can be capitalized upon.
