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Here are a few trading ideas by Sacchitanand Uttekar, Equity Technical Analyst & PFA at MOSL:
Nifty outlook
On the daily scale the breakout from the continuation pattern indicates the up move could extend towards the pattern target upto 8860. Though the momentum oscillators RSI has been reporting an overbought situation but the Trend Strength Indicator (ADX) warrants further stimulus in the coming sessions. Trading longs could be maintained with a stop below 8530.
Stocks:
Petronet LNG
Reco: BUY
CMP: 386.40
Positive sector outlook & breakout from the triangle formation.The breakout is well supported with
Nifty outlook
On the daily scale the breakout from the continuation pattern indicates the up move could extend towards the pattern target upto 8860. Though the momentum oscillators RSI has been reporting an overbought situation but the Trend Strength Indicator (ADX) warrants further stimulus in the coming sessions. Trading longs could be maintained with a stop below 8530.
Stocks:
Petronet LNG
Reco: BUY
CMP: 386.40
Positive sector outlook & breakout from the triangle formation.The breakout is well supported with
