Manohar_Shanmugam

Manohar_Shanmugam

Gujgas has retraced 50% of the earlier swing and is getting ready for breakout. Keep it on the watchlist... Break above 585 on Weekly closing basis will provide the required momentum. One can add it in small qnty at the current lvl 550-560 for Tgt 1 - 700 Tgt 2 - 760 (safer although it points to 780)

Manohar_Shanmugam Updated 

Gold is on a retracement from the high at the higher time frame. In the shorter time frame, Gold is looking to test 1830-1800 zone..

Manohar_Shanmugam Updated 

Ngas is currently trading at the Demand zone intersected by trendline as well in addition to the Fibo 786 retracement. Its time for Nat Gas to bounce shortly

Manohar_Shanmugam

Jindal steel looks ripe for a mild correction before further rally to upside. In 60M time frame, tgt of 500 looks pretty likely this week