Nifty has reversed well from the lower end of the symmetrical triangular pattern and now it seems that wave e of a bullish ascending triangle is over. On the lower side, the support is pegged at 10790 whereas the target comes to 10950 levels.
The stock has formed an inverse head and shoulders pattern which is a bullish reversal pattern. The stock has also provided a breakout from a downward sloping parallel channel. The daily momentum indicator is in buy mode.
The stock has formed a nice symmetrical triangular pattern which is a bullish reversal pattern. The pattern has been formed in wave B and now wave C up is expected.
The stock has provided a breakout from the triangular pattern with a clear buy crossover in its momentum indicator. With this breakout wave C up seems to have started, hence we recommend buying this for the minimum target of 755 with a stop loss of 715.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above