buy lt above 1725 tgt 1750/1780 sl 1690
The Primary trend of the LT is bullish and after giving breakout of its
MONTHLY PIVORT POINT range bound movement, it is forming continuation pattern
in short term charts, it is likely to continue the positive movement with the
breakout of the pattern at the levels of 1740 ; as the stock is managing to
trade above its 22 and 55&200 days moving averages with the RSI of 75, one
may expect the targets of 1770/1810 in
the stock if it manages to sustain above the immediate support level of 1700.first
resistance level seen on charts at 1750.
DAILY CHART FOR LT:
FULL
OF Event Week, Nifty Consolidate Until In
Range Of 9130-9220
Technically, Indian Stock Market is still in positive zone as of now.
Market is in consolidation as of now but packed with many major events this
week. French Election, Geopolitical issues, Trump announcement on Tax laws,
Kotak Mahindra Bank, Maruti & Wipro and F&O Expiry, all are lined up
this week. This week would be full of
volatility and a breakout or breakdown
can be seen soon from the range. Nifty would be considered strong until it
holds 9075 levels on closing basis, below which it would become weak and slide
can be seen towards 9030-9000 levels. Nifty would see reversal, today it closes
above 9165 levels .so, we would soon see a breakout from the range with a sharp
positive rally.Next key supports are placed at 9,130 and 9,110. On the other
hand, if the contract emphatically moves beyond 9,210, it can extend its up
move to 9,230 and 9,250 levels in the near term. Fresh long positions are
recommended with a fixed stop-loss of 9150 only. if the contract moves beyond
9,210 levels.
No comments:
Post a Comment