Gold earlier risen with volumes in 2020 from 32500 to 44000 mark. Recent price action from 44000 to 55000 was with low volumes. Gold will be in range between 48000 to 52000 levels on MCX. Only support for Gold is due to INR devaluation and macro disturbance.
NIFTY IT after making H&S pattern given breakdown and has reached to max downside as per charts are showing. If these supports of 3000 broken then more 12% to 15% correction possible.
BUY IIFL FIN 380-400 for 450/475 and 500. Stock has given price volume breakout on daily weekly charts.Fundamentally emerging as strong NBFC with home loan and Gold loan segment. Also holding company of IIFLSEC/IIFL WEALTH which is doing great.
ADANI PORT has given breakout above 900-905 range. But technical indicator showing bulls can be trapped as RSI in overbaught zone while MACD is very near to 0 levels. Need proper consolidation around these range for fresh journey towards 1050 to 1100 levels. Invalid below 850 range
M&M now on multi yr breakout zones. Above 980 weekly close M&M will surpass 2018 highs. Go long above 980 weekly breakout for 1100 at least
PERFECT ROUNDING PATTERN IN ZEE MEDIA, 22, on weekly charts. Buy on dips for 42,45 and 50 plus levels. invalid below 15 weekly close.
Reliance Ind giving solid breakout above 2740 range on daily,weekly charts. Fibonacci extension above breakout coming at 3100 levels first. Invalid below 2640 closing. Best ever GRMs will support RIL to rise higher and higher
Strong fundamental stock available at Monthly support of 60 range. Good 30% plus upside visible in medium term
Buy MANGCHEFER, 110, for 180,200. Invalid below 90-88 breakdown on weekly closing basis. Multiyr breakout with volumes.
GANESH BENZOPLAST (W), 120, given multiyear breakout above 100 levels. Volumes are not encouraging but breakout done after consolidation. Buy for target of 160,180 and 200. Invalid below 92-95 on weekly closing basis
Short CIPLA FUT below 988 for 960/900 and 880. After breakout above 970 on weekly charts, Bulls are not able to extend their gains. Fantastic bearish set up is there. Long inwinding and fresh shorts will be there below 990. Perfect bullish trap can be there. When short activated keep sl near 1010 levels.
SBILIFE(FUT) 1160, has given decent reversal on daily charts with volumes. Buy till 1120 with sl below 1100 for 1200/1220 and 1260 in one month timeframe. Strong fundamentals are here. Selling was due to Fii selling and now gradually this will surely give good returns
BEL 240 (W), has sustained weekly breakout above 225. Now short term 270/275 coming while medium term 320 and 350 coming on long term charts. Multiyear breakout done at 190 and extension of lows indicating target of 300/330 and 400.
HDFC LTD forming classic inverse head and shoulder pattern. Buy above 2430 range for 2700 and above levels.
Escorts weekly chart showing support at 1600. But looking to add near 1400 levels more precisely.
HEROMOTOCOP (W) support. Once broken 2100 decisively we can see 1600 range which is perfect buy for Heomoto
Castrol India 110 is on strong multi year monthly support. Breakdown below 100 will lead to 75-80 range
Buy JSPL 510-525 for 560/575 and 630. invalid below 475 on weekly closing basis. Classic weekly breakout stock