Technical Overview
*XABCD Bullish pattern forming in Daily timeframe.
*Price has sharply reversed from Point D today, a bullish Harami pattern has formed on the Daily candlestick timeframe.
Volume Analysis
*On Balance Volume(OBV) divergence shows bulls have already joined the party.
*Buy on Dips. Follow proper risk management techniques.
Target 1= 985+ (for current week)
Target 2= 1020 (depends upon momentum and buying pressure in the market)
*Price may take a retracement in the current or next week at 0.5% levels.*
*Highly Risky traders can buy 980 CE/990 CE below/ near VWAP levels for tomorrow.*
Fundamentals
*Q4 results were declared in the after market hrs. today, clocking a 34.5% Y-oY growth in Net Profit at Rs. 1081.4 cr in March Quater. Although brokerages were overweight on the PAT expecting a figure of Rs. 1281.6 Cr(59 % growth).
*XABCD Bullish pattern forming in Daily timeframe.
*Price has sharply reversed from Point D today, a bullish Harami pattern has formed on the Daily candlestick timeframe.
Volume Analysis
*On Balance Volume(OBV) divergence shows bulls have already joined the party.
*Buy on Dips. Follow proper risk management techniques.
Target 1= 985+ (for current week)
Target 2= 1020 (depends upon momentum and buying pressure in the market)
*Price may take a retracement in the current or next week at 0.5% levels.*
*Highly Risky traders can buy 980 CE/990 CE below/ near VWAP levels for tomorrow.*
Fundamentals
*Q4 results were declared in the after market hrs. today, clocking a 34.5% Y-oY growth in Net Profit at Rs. 1081.4 cr in March Quater. Although brokerages were overweight on the PAT expecting a figure of Rs. 1281.6 Cr(59 % growth).