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Conformation required to go long.One can go long above 324 closing basis. Target can be 350.
Resistance can be offered from 1000 level.
L& T bounce back from 0.236 retracement.
Looks good on chart. 1970 should act as support.
An 10% - 15% can be get.
Can test lifetime high.
Acending triangle formation
Jet airways given an H&S breakout at 650. Technical target is 460. It had crack more than it.
Ajantpharma formed a long term head & shoulder.Breakout at 1130. Technically possible target is 400.
On weakly chart it is showing the formation of H&S. For conformation have to close below neakline of 298.
Formation of big W is taking place,after conformation one can enter long.
Formation of big W is taking place,if close above 265 one can enter long position.
TP = 320
asending triangle formation
FRESH SHORT POSITION
One can short below 624 for the level of 615,605. Stop loss can be 627.
There is an formation of asending trangle,it might give breakout.if one want to long wait for positive setup or at least breakout