in significant uptrend after a small correction if hammer is formed -extremely bullish sign. buy on dips for 26400
nifty closed above trendline by forming a weekly hammer suggest a strong reversal . 10300 played a strong support zone on smaller time frame we can find a resistance at 10610 levels but again momentum suggest nifty should fill gap of 10725 levels trade- any dip should be used to go long with 10300 sl for targets of 10720 long term target intact have always said...
on weekly scale stock has tested previous breakout point/support plus formed a weekly hammer . trade - buy with 290 sl for positional target of 460( small resistance at 347) on larger scale we can see its in formation of another inverse head and shoulder formation whose breakout will come above 465
positional target of 1350 /1500.