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.
nifty has closed around the support of trend line breaking below the low i.e 11325 causes short term correction. RSI also indicating negative divergence which confirms the overbought , nifty has the higher chances coming towards 10800 which is placed by 200ma and 23% retracement. so below 11325 our first TGT is 10800.
ashok leyland looks good on upside after consecutive 3 days close with in one red candle making higher highs, today its forming outside day and given the breakout of yestardays high.