The Index closed in the negative territory for the second consecutive session. The Index seems to have completed a clear five waves rising structure and a minimum retracement of the same is expected. The short-term target comes to 11,287 levels whereas the resistance is pegged at 11,430 levels.
The stock has formed a clear symmetrical triangular pattern on the daily charts and the momentum indicator MACD has also provided a buy crossover. So, we recommend buying this stock.
The stock has provided a clear breakout from the falling channel pattern with a buy crossover in its momentum indicator MACD. The stock has also completed the retest of the pattern; hence the probability of an upside from here on is high.
The stock has provided a breakout from the falling wedge pattern which is a bullish reversal pattern with a buy crossover in its momentum indicator MACD. So, we recommend buying this stock.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.