Lupin breakout

Lupin is showing buying interest and breakout can give the target of 700. Stoploss of 570 can be considered.

Gold double top

Just went through the gold chart and found that there is a double top in gold the first downward target is 28500 and next is 27000.

Long term trend is up but short term trend is down.

Is NIFTY now ready for wave 3 ?

As posted earlier Nifty is now nearing the lifetime high. Considering that many of world indices are making lifetime high there are high chances that NIFTY might also join the party.

If wave 3 is longer than the wave 1 then target nr 10k for Nifty would be possible. Clear indication of start of wave 3 will come only after Nifty closes above 6400.

Wockhardt breakout

Wockhardt Pharma have given good breakout with volume support. One can buy with the stoploss of 1800

L&T long term trendline at 1350

Longer term trendline support in L&T is at 1350 also nr 1300 there is a Fib support. If the support stays intact there are good chances of L&T to move to 1650 lev.