chart suggest a strong buying momentum with sl of 43 one might accumulate for 48 and above level weekly chart setup potential return- 15-18% risk -3%
sl 1750 target 1800+ levels high chances in coming days it can hit rectangle upper boundary
triangle setup breakout above 1450 strategy - accumulate target 1 1550 /1600 sl 1400
10945 -10960 next support and same level where we saw breakout in feb. lots of consolidation at that level happened from nov18 to march 19 so expect nifty fall to respect that level from further falling hence support zone 10940-10960 where i shall cover my all nifty shorts
niittech is in consolidation after a gapup. street expecting a good result and INFY type move is expected by few analyst. 2 cases are possible in my understanding - a) stock gapup above 1363 and start trading north towards and can hit 1425 as shown in chart b) stock gap up nd started falling like we saw in #acc post result (despite good result) one more case...
hindunilever we saw stock bouncing from imp support zone of 1650-1660 post correction (h&s correction ) going forward stock is in broader range of 1850-1650 on daily tf its in lower high lower low formation for short side one should wait till 1660 breaks for long side - i will decide by seeing a small timeframe chart post result early morning reaction - as...