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Chartworld1

TV18 is showing strength today and is placed well with inverse head and shoulder pattern on weekly. Can move towards 86 and 130 levels.

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Quickheal is a notorious stock, moves very fast either side. If u have the risk appetite, u can enjoy the ride. It could double from here. Massive breakout on daily chart and weekly chart also given breakout.

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Alkem Lab has given a weekly breakout of rounding bottom, this could head towards 6500 levels.

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Dr Reddy after steep fall has given a breakout from a falling trendline on weekly timeframe. Possible targets of 5600.

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Ajanta Pharma forming classing cup and handle pattern on monthly time frame. A break above 1800 on weekly closing will lead this to 3000 levels. Stock requires patience so invest accordingly.

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Kalyani steel can move towards 390-400 levels as the stock has broken out of downtrend with volumes. RS has also turned positive.

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Voltas is a buy at current levels but should be bought in tranches only. Results are expected in couple of days so ideally one should wait for weekly closing for making any entry. It can move towards 1350 levels. Movement will be slow and tough since multiple resistance at 1100 and 1200 levels. SL can be 715 on WCB.

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ONGC has given a inverse head and shoulder breakout on monthly time frame. Can move towards 320-350 levels.

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CAMS can move towards 3700-3900 levels but for that weekly closing above 2360 needs to be given. Best is to accumulate in SIP mode on a weekly basis till the time it breaks out.

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Aavas Financiers can double from here subject to weekly closing above 1800. This could taje the stock to 3300 levels. Use strict SL for this stock. Its very volatile in nature.

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Advanced Enzyme looks good on all time frames with breakout of triangle. Can move towards 500-550 levels from here.

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HCC can be a Hero or Zero. Technically this looks like a turnaround story, targets can be in the 3 digit range if this moves. Only put capital which you are ready to lose entirely. Its forming a cup and handle pattern on monthly time frame.

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Tata Chemical is forming triangle on weekly timeframe. Looks ready for 1400 levels

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Mphasis after long consolidation has broken the downtrend, can see 3300-3500 levels.

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Tata Steel has broken a bullish flag pattern. Expecting this to touch 180-200 in next 1 year.

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Best way to capture move it IT sector is ITbees. Looks like this could head towards 50+ levels

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Tech Mahindra can move towards 1500 and then 1700+ levels as it has broken out of 1 year of consolidation of weekly chart. Best buy price would be 1170-1190 for this.

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TCS has given a big breakout of a triangle pattern on weekly timeframe post results. IT can lead next round of upmove for Nifty to 21K.