Pidilite Industries has broken cup & handle pattern. looking for a target of 3400+. Other factors: 1. MACD has become positive 2. RSI is above 60; showing bullishness 3. Fundamentally, highest TTM sales and profitability "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!!
OFSS is moving towards a target of 9300+. Other factors: 1. Using fibonacci retracement the targets are coming at 9300+ 2. MACD is positive 3. RSI is positive 4. Price has touched upper side of Bollinger Bands and we can expect the price to be bullish "Clear Charts, Easy Charts" Learning & Earning!! Cheers!!!
Tata Consumer Products has broken flag pattern. We can expect the price to move towards 1450. Aggressive buyers could pick at current price and a conservative buyer can buy once it crosses 1200. Other factors: 1. RSI is on rising, above 60 signalling bias towards bullishness 2. MACD should also improve as the price moves 3. Volumes are good, see last 2 buying...
Tata Communications has broken pennant / symmetrical break-out and is heading towards 2700+ targets. Other factors: 1. Volumes are steady 2. RSI on weekly basis is on the verge of 60+, good bullish sign on higher time frame 3. MACD is also getting positive "Clean Charts, Easy Charts" Learning & Earning !!! Cheers!!!
BPCL is trying to break flag pattern. We shall buy it once it breaks the pattern for an immediate target of 800 and then to 920+. Other factors: 1. RSI will start moving up 2. MACD will also improve 3. BPCL on daily basis has bounced from 20EMA, showing a strong bullish pattern. "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
Jagran Prakashan is showing a breakout from Flag pattern on shorter time and a cup & handle pattern on a bigger time spread. This can lead to price rise to 162-200 from the current price of 112. Other factors: 1. Election time: We can expect good revenue 2. MACD : positive 3. RSI : above 60 "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!
Wockhardt is breakout from flag pattern and moving towards a target of 800+, ~60%upside. Other factors: 1. Volumes have again started picking up 2. RSI is above 60 on a daily basis 3. MACD is becoming positive 4. Dec quarter results are shows sign of getting better - Revenue has increased and loss has reduced "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
BlueDart has breached its daily down trendline. We can see good volumes as well. The target here is 9600+. We can wait for a pull back and it should not breach the trendline. Other factors: 1. RSI is above 60 2. MACD is on the verge of making a green histograms Good risk ratio on this trade. "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!
Graphite India is trying to break weekly downward trendline and also making a cup and handle. We can expect the price to move to 820-850. Other factors: 1. RSI above 60 on weekly basis and rising showing strong momentum 2. MACD is also on verge on breaking 3. Buying volumes are higher than sellers 4. Graphite India acquires 31% stake in Godi India "Clean Charts,...
Zydus is making a cup and handle formation. It has a small cup and handle within it. We can expect a first small target of 783, and thereafter a target of 1010+. Let the breakout happen and then we can see the price movement (pls refer o my earlier stocks to see what to see in breakout). Other factors: 1. RSI above 60 2. High buying volume (see recent candle) 3....
Syngene International has broken its daily breakdown and now we can expect journey to 850- 1100. Other factors: 1. RSI is becoming positive 2. Volumes has slowly started picking up, especially buying volumes 3. RSI will improve also as buying picks up 4. EMA 20 is on the verge of cutting EMA 200 showing a strong bullish momentum "Clean Charts, Easy...
We have used fibonacci retracement tool to check the retracement of price. The price has reached 0.382 and once cross this, we can see change of trend. We can also see the EMA20 about to cross EMA200, which will show bullishness in the stock. The fibonacci at 0.5 level, 0.618 as resistances, and on crossing each resistance we can see price moving up. Other...
Granules has broken weekly trendline and has also making cup and handle pattern. We can expect the price to move to 407-436-500. Other factors: 1. RSI above 60 on weekly basis 2. MACD making positive histograms 3. Highest TTM sales "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!
Coforge is making cup and handle pattern on DTF..We can expect the price to move towards 6600-7000. Other parameters: 1. Buying volumes are higher than selling 2. RSI is above 60 3. MACD will improve On a confirmation (please see my earlier charts on what confirmation means in this pattern), we can expect the price to move up. "Clean Charts, Easy...
UltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors: 1. Volume is steady 2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish 3. MACD is also becoming positive and as the price breaks out, we can see it...
Ipca Lab is forming a cup n handle pattern. One small embedded in the bigger. We can expect smaller target, followed by a big target. Cup &handle pattern is a very strong bullish pattern, and we can expect a good upside here. "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!
Happy Diwali to all !!!!! Alkem Labs has broken the neck from a cup &handle pattern. On daily basis it has shown 2 green candles post the neck breakout. We can expect a rise in price up to 30-35%. Other parameters: 1. RSI is above 60 2. MACD is making green histograms 3. Volume looks good "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!
IRCTC is showing 3 patters - 1) Flag pattern breakout 2) Cup & Handle and 3) falling wedge breakout. We can expect a target of 914. The beauty is the flag pattern and cup and handle are showing same target. The falling trendline has been broken and we can expect the price to move up. Other parameters: 1. MACD positive 2. RSI positive "Clean Charts, Easy...