The resistance at 40k stood strong, with next leg headed lower towards the 30k and a break below shall trigger further decline to 20 - 15k area, as estimated earlier. We must close over 42k soon to negate our bearish view.
PTEN listed on US markets, formed an inverse head and shoulders pattern, poised for a faster recovery to $15 and then $25 in the coming months.
look to buy with stop loss kept below the $6.50 support level.
Multibagger Stock Pick
KELLTON TECH - Buy
CMP 78. Target Rs140
Kellton Tech Solutions Ltd. is an Indian IT, outsourcing and software development company headquartered in Hyderabad with offices in US and Europe
with market cap of around 727cr, trading on a PE of just 10.9, ROCE at 20.7%, Book Value of 46.7, Face value of 5 and has a promoters stake of 55.85%...
NH witnessed heavy accumulation, poised for a limit up today, shall target 750 in the short term.
Quarterly Net Profit at Rs. 27.60 crore in March 2021 up 432.3% from Rs. 5.19 crore in March 2020.
We expect further rise in profits in the coming years and that shall trigger massive up move.
The recovery from the low is facing a major test at the near term barrier of 37350, if the resistance holds strong, may retest the 34k low again.
A clear break over the 37400 shall extend recovery higher to 40/42/45k levels.
BTCUSD - I do not see 42k as the resistance as the near term pattern trend line breakout and a Double Bottom at the spike low suggests 45k as the immediate target area. Select #alts will continue to outperform.