Travelling towards its long term support...
Awesome buy at 286 for an target of 442.
Buying at 286 far cheaper than its book value..
Do your own analysis before investing...
Observed a small head and shoulders pattern and moving towards its strong support of 356.
We may expect a minor pull back up to 380 and may retest the same.
RSI-- Moving up from 30.
Strong downward buildup towards 7025 which indicates a up move from the support of 7025.
Short term target of 7250 in 5 to 8 days.
Nifty 50 trading in its ascending trianlge pattern with Higher Lows, Soon Nifty 50 will test 10984.
Currently trading at its strong support of 10868
We may expect a small selling up to level 10819 to respect its 30 EMA and a bounce back since it is trading above 200EMA.
Havells, Such a gem, is ready for its consolidation, because
Verge of its Symmetrical triangle breakout towards down side, supported by its movement below its 20 EMA and travelling towards 200 EMA.
If the market didn't close above 721 today, there will be some sell off towards the levels mentioned ,
can come up to 658.
Merck is at its strong trend with Lower high pattern and towards its short term target of 3411.
With Lower highs trend (supported by 20 days EMA) towards its resistance could breakout the resistance and can reach its all time high of 3536.
Strong buildup (Large body candles) between the zones ( highlighted in yellow ) supported by 20 days EMA.
if closes above 1417 today, we can expect a short term target of 1434.
Above 1434, can touch 1460.
As indicated, the HUL is respecting the descending triangle pattern. If the script close below 1740 today, there is a breakout .
Expecting to consolidate until 1610 rupees.
