Date: 21st Feb, 2017
Time: 9:24 IST
By Puneet Marwah
I will buy LIC Housing at 560 / 555.50 with the target of 567 / 572 / 578.
I will also enter LIC Housing 580 CE for March Series with a cash target of 640 in mind. Operators seems to be accumulating - Bulk before move. Rally is expected in March
By Mukesh Gupta
Descending triangle in the making with bollinger band squeeze, one can
enter in the trace with 543 as stop loss on closing basis. I would still
wait for the breakout on upper side at 569 for the confirmation + if
PSAR in our favor below the candle
though Stochastic and RSI both above 50 (good confirmation of momentum), I am worried about the volume, which is less.
a clear flag and pole breakout at 552-553 levels, another confirmation of bull run in the offing. all charts are on daily time frame.
By Ramana Gottipati
Breakout of Cup and Handle Pattern:
High of the cup: 572
Low of the Cup: 499
Height of the Cup is (572 – 499) = 73
The above Pic Shows the Breakout from Handle Channel.
Breakout Price is 556.5
Target Would be: (556 + 73) = 629
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Very good analysis.
ReplyDeleteThanks a lot for your analysis. It is very helpful to us. I was reading about triangular pattern breakout and I got one doubt. In the first picture, is it ascending triangle or descending triangle pattern sir? Kindly clarify.
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