Last few weeks nifty just grinding gives sudden jerk moves where many traders cannot claim full profits neither small loss. So are we nearing an end to this chop move ? Yes says market profile. I took a composite profile of certain period to get clue for further auction and completion of present auction.
Technically Ramsarup Is highly oversold on weekly charts and daily charts. Its around support zone in weekly charts. Stochastic getting flatten which is a good sign of short term reversal. Volumes totally dried during phase of fall. So all over technically its a good buy until 26 with weekly supp @ 17.
Hindustan unilever likely to reverse after good amount of correction. Bullish butterfly gartley pattern found on HUL daily charts . 225 as stop loss on closing basis on can try a long in that which looks a low risk trade. Reference: Harmonic Patterns Happy trading !!!!! Jay
Bearish wolfe found on tata steel EOD charts. so a close below 518 likely to hit 400 target in tata steel in near term. charts below Keep tracking !!! Regards Jay