Srijit1

Srijit1

In the daily time frame we can see Symmetrical triangle breakout and in the weekly time frame bullishness is confirmed by MACD hook after crossover below zero. Go Long with targets as shown.

Srijit1 Updated 

BHARTIARTL has been in a five month long consolidation zone from March till July. In the end of July series it has given a breakout. One can go long with an immediate target of 572.15 and 593.35 with stop loss placed at 551.45. P.S. Extra bullishness is because of (i) impending crossover of 25EMA over 50EMA, (ii)the two hooks in the MACD chart.

Srijit1

SBIN has been consolidating in an ascending triangle from mid of June series. It has given a breakout from the pattern on 29-07-2021. Immediate resistance is 442. If it gives day close above 442 then can go long for target of 453. Medium term target 582.

Srijit1

Eicher Motors is currently trading in a short term flag i.e. consolidation after a runup from 2400 levels. Now it seems it will break out of flag structure. It is a buy after breaking 2724.7 for near term targets of 2788.5 and 2841.65.

Srijit1

Aurobindo Pharma has broken out of the short term flag pattern on good volumes. Go long with near term targets of 1014 and 1036. Support is placed @ 979.85.