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
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
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
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.