Nifty is heading towards previous intermediate highs of around 5200 but that does not mean that we should buy at this level. We should wait for dips to buy the stocks and that too in a staggered manner
Dow Jones view:
As is post this chart, Dow Jones is up 135 points at 10405, the breakout from this channel will be confirmed if and only if it crosses and closes above this upper trend line for a few sessions and that too with huge volumes .
Stock View: ALOKTEXT
In the coming days it can see a breakout from this converging triangle on the higher side , if it stays and close above 22.5 then targets are placed at 26-28.
Have a nice trading day!!!
Regards
Ankit
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