Lyods Steel looks good after breaking out of the trendlines and crossing Gann box levels
RSI showing good strength
Can be played based on the levels marked
Astral is setup nicely with Monthly/weekly candle opening above the Gann box levels
Entry can be taken at the weekly RSI above 74 and Monthly RSI above 65
SL- 1850
Keep an eye on the healthcare index as it is in a good position to BO the long term trendline.
Positions in any of these charts can be done once the BO occurs and based on the individuals chart...
Looks good after BO the falling wedge with a Bullish weekly candle.
weekly RSI above 65 which shows strength
Weekly closing exactly at the Gann level resistance which needs to be watched out for a new entry..
SL - 1277
A good entry would be above 1290 weekly closure
Looks good above 1007
Weekly Positives:
More Volumes
Very close to the Gann levels 1007
Weekly candle Closed in one of the bullish Fann angles
Very good Flag pole pattern
Zomato has consolidated for a while and ready to make a good rally in the coming few weeks
Please find the resistance and support levels marked on the chart.
One of the best long term setups being formed
Long term trendline generally breaks out with good and rapid moves. Weekly candle almost closing above this trendline with all the weekly and Monthly candles/indicators being positive.
Nifty Daily Update:
Daily candle might come down till that highlighted elliptical area before bouncing back from 1/1 angle ( blue zone)
RSI is also taking support from its support levels
