Amazing Setups for few stocks

Dear Investor,

What can I say? Resilient India Market is holding and growing stronger than anybody could imagine. It amazes me, who is buying. Especially stocks are no longer cheaper to buy SBI, L&T are near there previous high levels. NIFTY made new high and reversed. Huge volumes on chart show how much money is on sideline just waiting for opportunity. Axis bank at near high. Its so much strength signaling new renewed buying interest to return to the market. It might not happen is a day or two but certainly that is what the setup looks like. Well, I am not suggesting deploy all your funds right now. We have to change our thinking to buy weakness. Get over the anxiety of deep market corrections. Any sell off is your opportunity. Right now market is very overbought condition so a wait is advised.

Bharti Airtel is moving out of the base. Lets see if it closes above 325 and stays there. That will be good entry point. It has made a classic double V pattern which is very bullish pattern. The setup will complete at 325 and from there next journey will being. Keep an eye and don't be over excited because it is rallying right now. The true test of bullishness is at 325.

Bombay Rayon gave a recent breakout on higher side. We will know in few days if its a fakeout or breakout.

I have been watching Development Credit Bank for some time. It has very positive characteristics just lacks the momentum. It could easily double as the market rallies

Gati has given nice break above its resistance. Lets watch more. It should hold 73 going forward.

IOB is another one to watch

 

Wockhardt getting ready to move.

Thanks
Anil
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