now price at 3.5 yr old trendline from major breakout.. quite probable that we see a repeat of what happened in aug'18! next 2-3 weeks very crucial and decisive price action for the motabhai and nifty as well.. Also macd at 96.extremely overbought, one more week of gains and this will cross 100! although pure price action seems very bullish as of now.time to stay...
double bottom being respected here along with trend line convergence.. can be bought here with a stop loss 30 bucks.. risk=4 bucks.. buy 40% quantity now targets of 45,then 70 bucks!
Above a close of 340 on weekly basis can do 410-420 in the medium term! accumulation zone around 310-320 in case the breakout fails,but structurally a strong counter in an otherwise sad market
morning doji star created and follow through at multi-year support! buy for targets of 510 and further mentioned on charts,accumulate on dips towards 350!
should retreat back to 25k which is the lower end of channel
buy for targets of 120,bullish engulfing seen on weekly charts at good support levels.. above 120 becomes a case for cup and handle breakout formation
Flag pattern in the making on the short term charts! going forward we should see levels of 30,000 soon! rising channel breakout height about 3000 odd points..
Weekly close above 167 confirms the medium term bottom,can do 205-210 in the next 7-8 weeks
earnings candidate.. US business expected to do well this quarter