LT have given breakout from cup and handle formation which looks strong for upside with the tgt of 1130. close above 1020 gives the confirmation for buy. 1020 is a strong level which collides with 38% retracement from all time high to lows of 2020. so buy above 1020 with the target of 1130.
reliance is going to continue its uptrend by making a clear breakout on upside from descending triangle. first target comes around 2340
MFSL has broken from triangle also formed cup and handle formation first upside tgt 650-655, 670-675 stop loss below 625
escorts looks super strong on upside with the short term tgt of 1325.
nifty has highe chances to bounce from 10800 level which is supported by multiple levels our first target on upside is 11150 which low of wave A. Below 10800 could be stop
siemens has formed with perfect ascending triangle with neckline at 1250 break above 1250 gives us the tgt of 1450-1500 for medium term. in the short term stock may rise quickly towards 1300-1315.
bosch broken on upside from rectangle with good volume stock has consolidated for one month. upside tgt is 14000 for short term.
MGL has formed inverted H&S with the neckline around 940. above 940 looks good to buy with the tgt 980-990 for short term.
petronet looking for a great move in short term above 245
apollo hosp has taken breakout from bearish channel with great volume and momentum. looks strong for short term for the tgt 1705,1750
jsw steel has formed head and shoulder neckline comes around 288. one buy above 288 for the tgt of 295.
suntv has broken upside and looking strong for short term tgt could be 503
BEL is at support zone or neck line which comes around 104.5 also this stock has formed inverted C&H formation. one can go short below 104.5 for the tgt 101. any reversal could be bought with neckline as stop.
reliance has broken the channel on upside which is considered as flag looks to make new highs.
hcl tech looks good for upside after a range bound and in a tight zone for 40 days. time cycle has indicated the bottom on yestarday and for confirmation we can look for BB expantion. 1st tgt for upside could be 750
hdfclife has took the support from 23% fibo level i.e 568 and broken upside from rectangle formation lokks good to buy for medium term.
kajaria ceramics have took the breakout from ascending triangle. kajaria ceramics took the bounce exactly from 62% level around 433
banknifty still holding up with the rising channel on lower side around 22900 break below confirms minor downtrend with the support coming around 20950.