Sell at 113.55
Gold is trading in Megaphone pattern.
If 1214 lows remain safe, we may see 1320 in 4-6 weeks.
Current price is 1228.
Southbank is making Bearish BAT
Coal India is forming bearish Bat pattern and CD leg may extend till 420+ in coming weeks.
Longs can be initiated in Coal India at cmp 276 keeping stop at 270 for 420+ tgts in coming weeks.
Short term players may target for 285 to 300
Ambuja Cement is making Bullish Gartley and probable CD leg is unfolding.
Keeping below 251, Ambuja Cement may dip till 230 in coming sessions.
Probable HNS is forming on day and 4hr spot chart. Keeping in watch till it breaches neckline.
Arvind is forming Bullish Shark pattern.
It can be sold at cmp or any rise till 365.
Ambuja Cement has formed and triggered +WW.
It can be bought with:
Stop 248 - Hour closing basis
Tgts 256 / 264
By seeing Allahabad bank, bullish WW can be observed.
Buy with stop 72.5 for the tgts 79/84 at cmp 75
Triangle in making
Breakout abv 1289
Triangle height - 100 points
CD Leg unfolding holding abv 318.
BPCL - Bullish shark CD leg probability.
Sell cmp 628/Stop 631 tgt 590
Divislab is showing weakness and can be sold at cmp 1298, stop 1320.
HindPetro-CD Leg Bullish Gartley-tgt390/sl435/cmp430
BEL - Possible Gartley - To be updated later with more detail if Point C formed as per chart
There are multiple bearish patterns have formed targeting much lower levels.
Keeping below 1420, it can go till 970. CMP 1313
Bullish WW has formed and triggered at 251. Keeping stop at 248, it can tgt for 260/65
BN has also formed the bearish cloud cover pattern on month timeframe from upper band of BB.