Seems Nifty have made a head and shoulder formation and can reach 8050 in next quarter.
Sintex Breakout
Sintex have shown good breakout sign and one can consider target of 94 and 104 in near term with stop loss of 84.
L&T breakout
As given earlier that there is trend reversal in L&T. Now there is further strengthening of up trend which is seen as there is Gap up opening with volume support. Stop loss 1350 and target 1650 gives good risk to reward proposition here.
L&T ends down trend
L&T ends down trend by showing the inverted Head and Shoulder pattern.
Target of 1320 can be given for the current breakout.
Target of 1320 can be given for the current breakout.
6900 sees good volumes
Nifty is seeing very good volumes at 7000 levels and is smartly recovering from below 7000 levels.
One can start increasing exposure to Stocks from current levels. The reversal is yet to be confirmed
Tata steel reversal confirmation
After earlier prediction of Tata Steel as reversal candidate. My estimated stop loss was hit. However we now have a good confirmation of Tata Steel reversal.
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