positive weekly divergence
pattern similar to marked in chart
Archidply has formed inverse head and shoulder.
SL 24.5 target 45 and 55 possibly.
can be a very quick move if it breaks out
risk reward ratio. 3:1 for 45 target
Nifty is at Laxman Rekha line. and looks weak
break below trendline triggers a medium term downmove
short on rise with17600 SL first trgt 17210
INFY forming head and shoulders at the top of rally.
neck line at 1650s is the strong support
if it breaks can send it lower
for now 1650s can be trested
Page industries has formed an inverted head and shoulders pattern breakout might lead to previous ATH zone 36340s
Heritage foods after a consolidation and a break above the falling trendline is a BUY
with SL 450 trgt 525 540 and above it 650
uttam sugar is coming out of consolidation and seems to be ready for an up move with volumes picking up
SL 180 trgt 239 308
MINDTREE stellar run heading into long term trendline resistance
stock is still extremely bullish
monthly rsi at almost 95
trendline breakout and psitive divergence.
time for trend reversal and move up to begin
support zone is for SL
breaking out of a corrective downmove after a few weeks
look for upmove to new highs .
initial targets marked on chart
MPHASIS forming a save my butt on cliff top pattern ;)
break above or below the triangle determines the next move
CNX IT is following perfecr suport resistanc at important levels
3.618 extension can be a strong resistance ahead
Valiant organics unable to cross trendline, but is nearing support.
waiting for trendline break above to go on the long side
in the collpase of pharma stocks recently
INDOCO held its ground and closed at all time high
taking a 280 box points roughly, a possible 450 + 280 = 730 as probable target is possible
Sterling Tools has broken out of long term downtrend with huge volumes
first trgt 330
Glaxosmith has broken above falling trendline with good volumes
good accumulation has been seen in tthe previous months
buy on dips to 1670 sl 1500 first trgt 1935.
expecting this to be trend reversal and new highs to be formed
HDFC has been consolidating in a triangle and getting squeezed more and money
has tested 1250 multiple time and bounced
buy with daily sl 1250 on closing basis for trgts of 2630.
JUBL PHARMA SL 795 target 1000