AUROPHARMA monthly char study - Rectangle
Gold (XAUUSD) day chart analysis - Symmetric Triangle
Copper 4H chart study - Currently facing strong resistance
Crude Oil study - A possible fake out This could be a fake out. Be careful and stay away from going long now!
Short Crude Oil at CMP (56.60+) T1: 55.45 T2: 54.30 T3: 52.70 T4: 51.00 SL: 57.25
Buy SRF on dips upto 2960 T1: 3150 T2: 3370 T3: 3450 T4: 3750 SL: 2770
ITC hourly chart study suggests some range bound action within the channel until a breakout occurs with supporting volume.
Buy UNIONBANK at CMP (81+) as it closed above 200 day SMA T1: 90 T2: 95 T3: 100 SL: 77.50
Buy EMMBI upon a weekly candle close above 175. T1: 202 T2: 262 T3: 330 T4: 400 SL: 155
TECHM moving towards the channel bottom support AND 200 day SMA
L&T weekly chart study-At major resistance-Bulls remain cautious
As seen on Timken weekly chart, every correction from the peak took almost 48 weeks to form a bottom. Going by the same pattern we can expect it rally beyond all time high. Buy on dips towards 630-600 zone maintaining SL at 540