Bajaj Finance is consolidating for while now.
It has come to its short term support on 10th December and in last session of the day, it has started upmove.
I think if global sentiments are positve, that will reflect nifty and Bajaj Finance will grab this opportunity to make solid upmove.
BPCL faced strong rejection while breaking out on 7th December.
But the strange thing here is that for such a strong first 1hr candle today, volume was significantly low. I suspect operators might have played part here, trapping all bullish retailers.
Might possibe that this will fall now to grab SLs of trapped bulls or it may again touch its resistance zone and...
HCLTECH has given breakout and now taken a support from its previous resistance level.
High chances that in first hour on 8th December, it may come to its support again and carry on it upmove. Not a bad price to go long.(short term)
KSCL has given breakout with huge volume. But if you check its history, it has hardly maintained its momentum after such volume.
So, I am littile cautious about going long immediately. If it opens gap up and sustain above 425, it can give nice upmove.
If it opens flat, I think breakout will fail. So, be ready to grab shorting opportunity also.
HDFC is started forming lower hihgs. I can see 2 trend lines.
And it can fall by touhing any of those. If it opens gap down on 4th December, look for red trend line to short, if gap up, short on second trend line.
Coromandel failed to breakout its resistance zone on 2nd Decmber.
Now its sitting on trendline support. It may again test the resistance zone on 3rd December or if trend line breaks on lower side, it may test 790 level.
Good chance to trade on either side.
SBI Life is in consolidation zone. Watch out for big movement on either side.
On 2nd December, I will be looking for Buy side when price range is around 846-847. Will look for Shorting opportunity when price range is around 855