ICICI Bank: 10 yr upward channel consolidation breakout with retest...if bank nifty goes bullish from here then stock to watch is ICICI bank, axis bank and sbi bank...any dip in nifty/bnf then add one from these 3 in portfolio...tgt 680/720/771 with sl of 557...also on daily chart its inverse head n shoulder.
lic hsg fin: breakout retest zone
indigo: ready for 300 points move on upper side. it has trying to out 8 months consolidation range. on weekly chart its flag formation.
looking strong taken triangle base support good consolidation can show 550/568/600 with support of 520 on closing basis.
pna wala candle plus 78.6% retracements of previous move. can show 644/652/667 with days low as sl
power grid: 75 min chart: inhs pattern is in formation stage 238-240 strong resistance closing above 240 means its ready for 270/300 rs tgt. short term Pick
Naukri: taken support at 78.60% fibo level also on weekly chart its apna wala candle....Naukri: on daily chart W formation with apana wala candle with volume....good candidate for positional long
Bnak nifty: Daily Chart: Pre-covid high retest done, neckline breakout with W formation, as per TA it looks very strong but need to watch at 35k and 36150 levels if these two hurdle crossed then bank nifty can show 42173 but need to close above these levels.
SL 1470 TGT 1760/1900 EXPECTED TIME 60 DAYS....WILL WATCH
trendline breakdown with -ve rsi diversion with bearish pana wala candle formation closing required below 530 for positional short. t1 500/t2-480 SL todays high
nifty: 75 min chart ...14700 will act as support and pharma n IT will act as support to mkt, TCS results on monday. therefore, if mkt gives reversal sign at 14700 level then i will enter it 125 points sl as long but if this pink line breakdown given then its trigger for sell.. positionally nifty monthly oi data: 14k and 14.5k has huge oi on put side 42k...
on lower time frame formed highr high higer low formation keep it on radar above 690 with support of 684 intraday for positional todays low for 700/707/725