Look at this monthly support line, now its major resistance.. Wait for breakout then go for LONG...
Can go long with SL below upper channel line.
Indusind bank looks good for long term investment if break the channel.
Follow the channel till breakout.
If break on upside good for long position, with SL of lower line (around 790).
Whenever Nifty retrace it's not more than 15 % on average. If its more than that it is considered as downtrend and most likely it correct around 25 % on average. Currently, Nifty crosses below 15 % from its all time High, and if it continues the trend, the 1st support will be around 10K. (20%) and 2nd support around 9100 (25%).
Interesting chart of Sunpharma (weekly), it will be good opportunity to trade after the range breakout on either side.
It will be a good opportunity to buy Balkrishna Ind around 1030-1040 levels (trendline support zone), for long term investment. If it sustain above 1000 on closing basis. keeping SL 990.
HDFC tooks support on weekly chart, can take position for long term investment . if it breaks can close below the trendline can exit from the trade. Buying around 2100 with SL 2000.
TCS is in the correction phase, wave A & B is completed, Wave C will end near 1800 (close to ens of A).
Buy with the stop loss of 370, with Target-1 = 480 Target-2 = (will update)
Target-1 =500-510 Traget-2 = 470-480 Target-3 = 415-420
can go for long with SL of 1300-1350.