Taurean_Research

Taurean_Research

Abbott India has given a triangle pattern breakout, and with good Volumes. ATH is the immediate target with the actual target being around 32100, as per the Triangle pattern breakout. A retrace around the breakout zone is the possibility if the momentum mellows down.

Taurean_Research

Weekly chart of BATA shows a beautiful Falling Wedge pattern. The last candle is an inside candle from the previous week, suggesting a brief pause before the up move. Any break above 1460 can result in a good move on the upside. Fall below 1400 may be a continuation of the falling wedge pattern.

Taurean_Research

After multiple rejections around 1975, INFY has given a strong Weekly candle, and has closed at ATH 1999.7 1720 can be considered as a good base, and it looks poised for a good move on the upside.

Taurean_Research

MPHASIS has made a good base around 2800. With NASDAQ firing, and INFY crossing ATH, MPHASIS may as well tag along the rally.

Taurean_Research

Strong Weekly close on Ramco Cements. Closing above 1055 would accelerate the move. A retest on 1040 can be a possibility if the Momentum mellows down