After the UK General Election, UL Pound appreciates and have a massive slide off on Thursday night, in my opinion, that's because traders have taken profit and caused that to happen. I do see the bull run to continue at the next buy zone. Waiting for market confirmation, at the minimum a double bottom with RSI Divergence.
UJJIVAN (Ujjivan Financial Services Ltd) BUY ABOVE 337
ICICIBANK (ICICI Bank Ltd)BUY ABOVE 541
ESCORTS (Escorts Limited) BUY ABOVE 626
ASHOKLEY (Ashok Leyland Ltd) BUY ABOVE 82
JINDALSTEL (Jindal Steel & Power Limited) BUY ABOVE 148
M&M (Mahindra & Mahindra Limited) BUY ABOVE 525
DRREDDY (Dr.Reddy's Laboratories Ltd) BUY ABOVE 2875
Pending order set for a check back of this bullish bat pattern, it does have a bigger bearish trade setup in the marking and this is a countertrend trading opportunity.
A bullish bat pattern setup, waiting for a retest of the entry price to engage the trade for this trend trading setup. Pending order set.
JUSTDIAL (Just Dial Ltd) BUY ABOVE 597
TCS (Tata Consultancy Services Limited) BUY ABOVE 2135
IGL (Indraprastha Gas Limited) BUY ABOVE 423
BHARATFORG (Bharat Forge Ltd) BUY ABOVE 473
TECHM (Tech Mahindra Ltd) BUY ABOVE 785
As expected, the bullish flag(chart on the link on related ideas), focus on the bullish flag) is going to make its dealing. This is of course due to the UK General Election of the Conservative party winning the majority seats, which I've mentioned in my previous analysis. Congrats to those who have engaged the trade. At this moment, I'm waiting for a retracement...