Key Points
Nifty Midcap and Smallcap indices also registered fresh all-time highs..
Following Fed Chair Jerome Powell's comments indicating potential rate cuts in 2024, Sensex and Nifty on Thursday hit fresh lifetime highs with technical charts indicating more upside ahead...
The stock has experienced a strong breakout above its July 2017 highs, reaching a new all-time high of 119.55 and touching the 20% upper circuit limit in Thursday's trading session..
With the trading volumes nearly eight times the average volume over the past 10 days, and the stock consistently making higher highs, it appears poised for an upward move towards 140 and 150, with a stop loss set around 95...
With the stock trading at its all-time highs and the overall structure being positive, it is expected that we might see some consolidation between 760 and 800 before the start of a fresh upward move..
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