JAMNA Auto is trying to sustain above some crucial levels. 2 breakouts necessary for a good upmove. Either the channel breakout or passing major resistance level- 51.40.....
If close above 51.40 an upmove of 58 seems possible. Keep an eye.
Glenmark has given a breakout of cup and handle pattern on daily charts with RSI also giving a breakout above 60. Satisfactory levels. Min target should be 520 from these levels....CMP- 511
IEX on weekly charts looks extremely good. REASONS :
1. Made a new 52 week high (trading on uncharted territory)
2. Good Volumes
3. RSI above 60 (Also took support at 60)
4. Compress the chart to see it crossing major resistance level.
PS- If continues to hold above 204 on weekly charts.... a clear buy.
time period- 3-6 months.
After a consolidation IndusInd bank has shown some upmove on daily and hourly charts. The pattern that has been formed on daily and hourly charts is called rounding bottom pattern. If bank nifty continues to show some strength targets in short term can be 650-660
