TOOK 8 MONTH TO FORM THIS TRIANGLE PATTERN DEPEND ON THE BREAKOUT/DOWN BIG MOVE IS EXPECTED
TECHM IS FORMING C&H PATTERN ON WEEKLY CHARTS ,TODAYS (16/08/2018) MARKET FALL (DUE TO GLOBAL SITUATION )IS BEST OPPORTUNITY TO ACCUMULATE THIS SHARE IN 610-640 RANGE AND HAVE SL FOR LONG TERM 550 ON WEEKLY CLOSE TARGET NEARLY AROUND 1050 WHEN IT BREAKS 720 NECKLINE TILL THAN IT MAY CONSOLIDATE BETWEEN 600-720 SHORT RANGE HAVE A HAPPY TRADING
Nifty showing weakness with global market and reverse cup and handle supporting this weakness though there is a gap to fill till 10680 once closed below 10680 on daily basis one can assume more weakness in coming week
KEEP WATCH ON MAJESCO LTD IT IS FORMING CUP AND HANDLE PATTERN ONE SHOULD TAKE POSITION AFTER MAJESCO CLOSED ABOVE 600 WITH GOOD DELIVERY VOLUMES WITH TARGET BETWEEN 780-800
kajaria has given breakout one cand hold for the target of 850
ASIANPAINTS HAS GIVEN POSITIVE TRIANGLE BREAKOUT TGT 1180-1200 SL 1142
PEL IS AT SUPPORT LEVEL AND TRIANGLE FORMED LOOKING BULLISH BUT HAS TO GIVE BREAKOUT ABOVE TRIANGLE LOOKING FORWARD FOR THIS TRADE
WE OBSERVING GAP FILLING IN MINDTREE SUSTAINABLE CLOSE ABOVE 514 FOR 2 DAYS CAN GIVE FURTHER UPSIDE
MANAPPURAM HAS GIVEN BREAKOUT OF TRIANGLE PATTERN AND MACD HAS +VE DVERGENCE ONE CAN TAKE POSITION FOR 108-110 WITH SL OF 100
WE CAN OBSERVE FAILED HEAD AND SHOULER IN BODAL CHEMICAL
M&M has given breakout of Inverse head & shoulder on daily charts target would be around 1500-1530
BREAK OUT OF DESCENDING CHANNEL