Tanla Platforms has given a breakout of falling resistance trendline as well as seen a consolidation breakout on Wednesday. The stock formed long bullish candlestick pattern with strong volumes, trading above all key moving averages.
Considering the momentum in key sectors, if the Nifty50 decisively surpasses 19,500, then 19,650 is expected to be the crucial area for sharp up-move, while the critical support remains at 19,300-19,250, experts said
Laxmi Organic Industries has seen a decisive breakout of almost four-month consolidation and rallied 8.4 percent to Rs 285.85. The stock has formed robust bullish candlestick pattern on the daily charts with multi-fold jump in volumes.
The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high