Welcorp has beautifully formed a cup and handle pattern in weekly time frame. Currently, stock is trading at the neckline. Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout. Targets can be minimum 100 points from CMP for positional and long term perspective.
TEGA stock was bearish from the time it was listed and never had given a weekly breakout over 620. It has given a strong weekly breakout and looks like it can test the listing price once it gives a daily closing above 650 levels. One can have keep a watch on it. This idea is shared just for educational purposes.
Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone. If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside. Currently, the candle formed is bearish and hence, it is wait and watch....
Concor has given sharp fall from 52 week high of around 828 . Currently stock is in a channel and RSI is showing a positive divergence clearly. Risk reward ratio at 575-580 levels is very high since there is a strong support at 550-555. Above 610, 660 is the next strong resistance level. Keep in radar and trade with your own analysis. This idea is shared for...
Happiest minds had given multibagger returns in 2021 and since then, it has been a correction phase in the stock. Recently, the stock has bounced from a strong support and has given breakout from resistance trendline. It is a good small cap IT stock with decent fundamentals looking strong for a bullish momentum. Best buy level for the stock is around 875-880 with...
BEL stock is in uptrend from past few years and currently, it has given a breakout from a trendline resistance. I personally don't prefer breakout trading but the setup is looking nice above 104 with a small SL below 101.5 DCB. Kindly trade as per your own analysis and consider this idea for educational purpose only.
Bandhan bank is continuous downtrend and currently, we can see a bounce from its strong demand zone of around 200 levels. The stock is forming higher lows in smaller time frame. Looks like a good swing stock for targets of 250 and above. 235 might also act as a small resistance. Keep in watchlist. Trade as per your own analysis as this idea is shared only for...
Wonderla had given weekly breakout of IVHS pattern almost 1 week back and has consolidated from then. Today, it has given breakout from ATH and looks bullish for a swing as well as a positional trade.
We can see a monthly closing above levels of 65 for the first time in Equitasbnk. The level was a strong supply zone which can now act as a strong support. The stock can easily move 20-30% or more in short term if we see a weekly closing above 70 this week. Even ATH level is 5% up from here which is a good swing target. Keep on your watchlist to track.
Keep in watchlist. Stock has consolidated a lot currently looking good.
Triturbine stock has given a weekly breakout from rising wedge pattern. Yesterday, the stock closed above 310 which was its ATH closing which was an indication for the breakout. 300-310 will act as a strong support now for the stock. It is better to wait for a retracement and watch the price action at support. The stock is in uptrend and is looking positive as a...
BASF is consolidating near a strong support. We can see a higher low, higher formation with daily RSI over 60 which indicates that a breakout might happen soon. Stock might face resistance at 2650 and 2800 levels. Kindly trade as per your own analysis since this idea is shared only for educational purpose.
LT has given a breakout from rising wedge pattern. However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario. One can enter if there is a retest and continuation of uptrend from 2250-2300 levels
Weekly chart of INDIGO seems like a bounce from a strong support trendline. The candle of 31st March is a strong bullish marubozu candle. Looks good for an upmove. Trade as per your own analysis.
Nifty has shown a steep upmove in the last one month breaking all the strong resistance without any major retracement. Today, nifty crossed 18000 with a strong volume candle and has closed near a strong supply zone of 18100-18120 levels. Even Bank nifty has given a strong closing above 43000. This breakout can be a signal for strong bullish uptrend to a new high...
Weekly analysis of Bororenew stock can be analyzed as a beautiful representation of flag and pole pattern. The flag is a falling wedge pattern and currently is nearing the breakout zone which is also its 50% fib retracement level. The daily time frame chart of the stock is signaling a bullish breakout and the risk to reward is very attractive. Fundamentally, this...
Apollopipes is looking strong for a breakout even in this bear market. We can see around 10% move when breakout of triangle pattern is completed and sustained. Buying at resistance can be risky, especially in such market.
We have seen a bearish move in Nifty and Reliance from couple of days. Today, Reliance is at a strong support forming head and shoulder pattern at neck line. Wait and watch how the market reacts now.