Acc/Dist and OBV showing good buying interest and bullish divergence.
After double bottom confirmation ONGC is in up channel and one can take positional trade buy with SL 178 Target 217
Trading below significant selling zone is not good for bulls. Friday selloff in last half hour was in marked selling zone making this zone a real tough wall to climb. Finally 10360 has become a Laxman Reka to look out for.. (Volume data seen on other sites)
Market breath is not with Nifty50. We have clear selloff in overall market while banks are holding nifty and banknifty. (Mostly till jan Expiry)
Head and shoulder in Nifty midcap 50
Feared of height scaled by Nifty ? Why not re balance by booking partial profit in equity and adding Gold to portfolio...?
Every drop was a refuling done by bulls. Will it break 1370~1400 levels?
Possible breakout can give target of 320 Long above 304 only.
Breakout confirmed Target 3000+ in longer term buy of dips
Bearish below 1075 Might take support at 1075 so go short only after clear breakdown. .
Very Long -term channel resistance is faced by L&T at 1350 levels. Now we see a flag formation. Will it break above 1350 ? Long only above 1350. Target 1450
Call is late but might react a bit before reaching Target of 101