good asending triangle formation on daily chart daily closing abobe 1140-50 levels is good for long position also from 29th oct it is included in fno segment. after closing n sustaining above 1150 it can move 200 points with sl of 1080 on closing basis. equity buy is good for this week.
ready for new swing high respected support zone entered intra. will watch
good consolidation in last 2 months above important level today volume spike observed today at edge of breakout sustaining above 670 on closing basis is good buy for medium term tgt of 900. will watch for new 52 week high in nxt 90 days.
Motherson sumi: on 7th april posted technical chart of motherson sumi kindly refer accordingly, it has retested the breakout of channel and gives its target. after that it formed HNS pattern at top and goes in retracement mode. presently it formed W pattern with following features: 1. up-wedge breakout with volume. 2. Neckline breakout with volume. 3. strong...
bounced back strongly from support zone. need to watch 15k levels if sustains this level then new all time high soon.
hero motor one of best reversal setup need closing above 2800 on daily closing basis. with sl of low of last week one can watch for 10 to 20% move. will plan sept fut with 2800 pe 2marrow.
formation of bottom at support zone initiated long with days low as sl on closing basis with hedge of 2360PE max loss caped at 15k per lot. will watch
flag breakout added delivery qty for tgt of 770 will watch it... medium term tgt 900...buy on deep stock.
airtel long initiated today with hedge of aug expiry tgt 586/600 Sl days low will watch it.
MCX: in daily chart downwedge breakout with apna wala candle formation (bullish candle stick) as per chart setup MCX is ready for new 52 week high..if closed above 1630 in this week then its confirmation for bull trade...SL 1500 on closing basis... tgt 2000 in next 90 days