IndronilBagchi
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since Jan 27, 2017
chartpattern
trendanalysis
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gold on weekly charts is forming a flag pattern which is typically seen after a one sided rally. the bull case remains open till we are trading above 1800 on weekly closing basis . fresh trade can be taken once the flag is broken on the upside and weekly closing above it. Target will be almost the length of the pole.
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If nifty manages to hold 17450 on closing might lead to a bounce lead by nifty IT.
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infy can be bought cmp 1380 sl 1330 tgt 1600 , nifty IT is at a major support on a weekly time frame from where we will get a very good r:r if we play on the long side . Hence buy infy since it is holding up nicely in today's carnage i think it shud lead the way going ahead
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