Expecting it to touch 97.4 and then drop, a drop near 95 would be blessing for emerging markets, commodities and metals. Reasoning: positive divergence, channel formation. Education purpose only.
I can see SAREGAMA attempting to touch 3625-3550 in a mid term...i will be more than happy to be wrong. for education purpose ofcourse
Inverted H&S on weekly timeframe, a long term got for this scrip. first target ie short term is 385 to 390. if crosses the minor resistance, it will explode and will reach around 1300, target can be understood from the chart. just for education purpose.
A good dip is coming expecting it to correct till 2280-3000 before it can sort the divergence out and move further up, good chance to buy the dip. this is just for educational purpose
Right to go in, Inverse H&S breakout if sustains tomorrow, 2750 can be easily achieved.
Candle formation indicates reversal can occur, a pennant formation on weekly timeframe, next resistance will be 406, then 488 and then 520.
Inverse H&S pattern on Daily TF, resistance of 1436-1440 is right above it, need to sustain above this, if does the next target will be all time or even more ;)