Tuesday, 3 April 2018

Top 3 Stocks Which Could Give Up To 17% Return In Next 3-4 Weeks

Posted by suhani varma on Tuesday, April 03, 2018 with No comments



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The Nifty50 index started the April F&O series on a positive note gaining in excess of 1 percent on Monday. Further, it is approaching its upper-end of the channel resistance placed at 10,290 which also happened to be the 61.8% Fibonacci retracement level of the recent decline (i.e. 10490-9960).

A successful breakout from the channel on healthy volumes can extend the current pullback to levels of 10430-10640 levels. However, failure to trade above 10290 can resume the corrective wave dragging the Index lower to levels of 10080-10000.


Technical oscillator such as the relative strength index or the RSI has turned upwards after taking support at the 40 level i.e. formed a higher low suggesting a temporary pause in the corrective wave and price has closed above the 200-DMA making room for more upside.

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