INDIAN INDICES
Nifty Auto gained the most followed by Smallcap, Midcap and Nifty Energy index.
NIFTY IT
NIFTY IT has consolidated around 200 DMA. It has given breakout from symmetrical triangle pattern. Look out for IT stocks..
INDIAN OIL CORPORATION
IOCL consolidating above 50 DEMA. It is also bottoming out for last 3 months. Price pattern is looking like inverse head and shoulders (Not exactly text book pattern). Quick movement will happen above 95 rs.
HINDUSTAN ZINC
Hindustan Zinc consolidating above 200 DEMA. Coming out of 2 year downtrend. Ready to move up quickly.
WIPRO
WIPRO has consolidated above 200 DEMA and given break out from triangle pattern.
PNB
PNB has consolidated above 50 DEMA also making rounding bottom pattern. Can move quickly above 40 rs which is the resistance.
Comments
Post a Comment
If you have any queries please contact me