A H&S is in formation and the key level to watch is the right shoulder. With TTML's decision not to convert AGR to equity stake for GOI, the bull run of 5% daily upper ciruit is possible until the next key resistance at all time high of 290+
Trade attivo:
The stock price is tracking the H&S perfectly, it got rejected at 180/- Right Shoulder, and was in correction until the neckline 140/-. With today's volume in both NSE, BSE and the upper circuit in NSE, there is a buying pressure. Need to check for confirmation of uptrend from tomorrow. Short term target can be 180/- and long term uptrend is possible on break above 180/-
Trade attivo:
Bullish moves are seen since yesterday 9th March, where buying pressure resulted hitting upper circuit. The bullish engulfing candle stick is a good indication for a short term upper move with resistance at 135, break above 135 should see 170 in short term. Overall market sentiment should be bullish for these short term targets.
