Nifty Close 15151
Closes 1.33% Higher compared to previous close.
Also closed above Neckline of Inverted Head and Shoulder pattern given earlier.
The pattern valuation is around 900 points so we can anticipate a progressive size with series of higher bottom at fix interval
Now steps for upside lvl are 15182 – 15213 – 15244 + 15275 – 15306 – 15336 – 15368
Stop for ongoing up side is 15050 and 14983
Stock looks good at this juncture are so many. Out of that I have selected 3 stocks for short term trading and they are
1) AMAR RAJA BAT CLOSE RS 791
CLOSE 1.94% HIGHER
BOTTOM FORMED AT 761 AND MILD HIGHER BOTTOM AT 765
CLOSE ABOVE RS 766
TGT WOULD BE RS 845 +++
2) LTTS RS 2651 CLOSED 3.06%
SWING REVERSAL OBSERVED
BUY AT CMP AND ADD MORE ABOVE RS 2665
POTENTIAL TGT WOULD BE
1ST TGT RS 2663 – 2676 – 2689 AND HIGHER
STOP RS 2647
In Cash segment charts pattern are good in BEL, GUJAPOLO, KEI, PHILIPSCABN
ACE, BIRLA JUTE, BURGERKING, GATI GOKUL, HIND RECT, INDORAMA
ARE FEW STOCK HAVING GOOD CHART PATTERN
3) ADANI PORT RS 784
CLOSED HIGHER 6.54 %
PERFECT REVERSAL OBSERVED WITH RSI DIVERTENCE
BUY AT CMP
ADD MORE ABOVE RS 785
PROBABLE POTENTAIL TGT WOULD BE RS 790 + 798 + 804 + 811 AND SO ON
STOP RS 777
