*NIFTY*, This one is the third time when Nifty on daily candle kept it's low above upper range of Bollinger band. And last two times it didn't corrected, so if it break yesterday's low then it has *higher probability of a correction or consolidation* move ahead. Stoploss will be high of yesterday's candle also keep 30-50 pt buffer. If it get corrected then 18440,...
L&T taking support at 200 Day EMA, shows probable upside from here
Tata Power near breakout of Pole and flag pattern.. For Probable upside of 250-265, with a small stoploss below 210..
Bharti Airtel may test its 50% Fibonacci retracement levels at 630-635, once it breaks 670-667 support zone...
AUROPHARMA may test lower levels of 650-660 after breaching 700 a strong support zone..
HDFC LIFE may get trendy in either side.. after breaking consolidation phase...
IndiaMart made Flag & Pole Pattern on charts, might show a breakout soon...
BANDHAN BANK: On a sweet spot in weekly charts.. might be trendy in upcoming weeks
Grasim: After Head & Shoulder breakout, now retesting neckline.. Might give 8 to 10 %...
Cadila Healthcare may break multiple times tested resistance level.. Safe to bet on defensive stocks...
HDFC LTD with cup & handle pattern, Trading near neck line.. wait for breakout...
Wait for up-side breakout of sideways consolidation.. previously we seen 30-35% rally, so we may predict around 20% upside on breakout.
If moil consolidates for next few days, it might be a good bet after upside breakout.. see Chart.. May repeat History...
After 30% rally in early August, Now consolidating within a small range since 23rd August.. Once it break the upper range of consolidation, it may give 15-20% returns within a month or so.
Nifty getting weaker.. near breakdown point, strong support @15650, once it breaks then more dipper correction can be seen..