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.
dr reddy broken upside from a descending channel and also from a CUP & handle formation. this gives the higher chances of moving upside. stop 4375
wipro has took the breakout from recatangle with the good volume & momentum 290 looks easy in short term
TCS looks bullish above 2280 for the tgt of 2320-2330
bhaarti airtel looks super bullish after the significant breakout of descending triangle with volume. my 1st tgt is 540
luxind looking super strong for short term after making HH it has took the breakout pattern V and looking for the near term tgt of 1445
lti took a breakout from bearish channel with good momentum next near term tgt could be 2525.
lalpathlab has took breakout from rectangle and also with descending triangle good to buy for short term
ibull housing looks good for short term with tgt 245-255
bajaj finance took a breakout from ascending triangle looks bullish for short term
hdfcamc has broken upside from bearish channel, looks strong for short term
indiacem has given breakout from C&H formation neckline 120.5 could be stop and near trm tgt could be 125
chambal fert took a break out from bearish channel and looking super strong and one could epect a tgt of 159-160
MGL broken upside from descending triangle with good volume and momentum surely its a good buy for short term with 1080
rajeshexpo took a good breakout from 475 and looking strong towards 495 with SL 475
tcs has broken on downside from descending triangle perfectly next downside tgt could be 2165
close above 22 will be seen super bullish in gmrinfra for the tgt of 24.