TATACHEM fut is expected to give a ascending triangle breakout at 750 and tgt of 854 would be activated . On downside support or STOP LOSS Can be kept at 727.
#Nifty had witness a good profit booking yesterday during lunch time but had recovered a bit at the closing. During this course of trading, Nifty has formed a broadening formation on the charts which has the characteristics of high volatility. Generally a clear trend emerges only after the breakout from such formation but for intraday or short term view, we may...
Cement sector has been in the buzz since last one year with a strong rally each expiry. ULTRACEMCO has also seen a good move recently and has been travelling through a upward sloping channel. Today at 6755 its at support zone of channel and could be bought for a tgt of 7015 positionally in near term. Recent support zone at 6680 is SL.
#Nifty has formed bullish reversal patter " Bullish piercing" on friday. But today is crucial day as we need confirmation for the same. #NIfty future has strong resistance in the range of 14800-14890 where all short term moving averages are hovering so unless we trade above the same today, we shouldnt initiate new longs.
Last week was all about volatility during intra day trades but the closing has been bit confident for bulls...Of course if we looked at absolute change it was negative but on charts it has confirmed that week was a normal profit booking making rally more stronger and safer. Last monday we formed a "Bullish Harami" pattern on daily charts which is a bearish...
Lupin is about to give breakout of inverted H&S at 1080 neck line...Target is 130 points from breakout at 1210 and sl is at 1040
#Nifty has been trading in strict upside channel since the lock down low. Yesterday it tried to nudge out of the channel. Now after a DOJI yesterday, next few sessions are crucial. Expect Nifty to initiate at new rally with SL of 14750.
Nifty shall have strong support at 15069 ..Roll of resistance line has reversed to Support.!