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Techcheck Daily |
DXY breaks bullish H&S, L&T breaks bearish H&S |
n Charts of the Day: DXY; prices breaking out in a hurry. L&T; stock breaks below a fairly large bearish H&S formation
n DXY bullish H&S breaks on the upside, maintain targets at 85-88
n Larsen bearish H&S breaks, target 1700-1750
n Bank Nifty, breaks down below a consolidation, indicates continuation and resumption of down trend, initial targets pegged around 11000, weekly charts are a cause of major concern
n Nifty daily momentum rolls over, expect weakness to continue
n Stocks with positive short term view
n HCL Tech, OMC’s, Apollo Hosp, Praj, Infosys, TCS
n Stocks with negative short term view
n L&T, M&M, SBI, HDFC, HDFC Bank, Bajaj Auto, Coromandel, GAIL, Bank Nifty, Bharat Forge, ACC, BHEL
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