skandha1986

skandha1986

BATAINDIA is giving Inverted Head and Shoulder pattern breakout from 1400 resistance levels. This looks like a trend reversal for the stock which has been underperforming since few months now. SL: Daily close below 1370 Target: Previous high or ATH in coming weeks / months.

skandha1986

OIL is giving triangle pattern breakout from 650 resistance levels. SL: 650 Target : 725+ Note: It has positive news on bonus isssue.

skandha1986

SBICARD has formed Inverted HnS pattern around 760 levels. Stock has been in downtrend since Mar’21 (3 years now) and has also formed triangle pattern (last leg done now). If price sustains above 765 levels for 2 days then looks good for long. Target: 930+, 1000+, 1160+, ATH. SL: Daily candle close below 750.

skandha1986

250-260 has been resistance zone since last 2.5 years. Stock has given good Cup n Handle pattern breakout from this resistance zone. Target: 360-370 zone SL: Daily candle close below 260

skandha1986

Since Dec’10 (it’’s listing price), it has been 14 years now within the price range of below 280-290 zone. Revcently it has given breakout, went to 370 and then gave re-test of 280 levels. Now new upmove has begun and it is giving breakout above previous swing high of 370 levels. Looks like this can be the next REC/PFC PSU stock with potential to become 2x to 3x...

skandha1986

CIEINDIA has been into consolidation since 9 months and has given trendline breakout above 495 resistance levels with good volumes. Target: 580+, 650+, 750+ SL: Daily candle close below 490.

skandha1986

UPL has given double bottom breakout from 501 resistance levels. It has witnessed good buying momentum after long price and time wise correction. This can be a turnaround for the stock and looks good for long with limited downside. Target: 600, 700, 850+ in next few weeks. SL: Daily candle close below 500.

skandha1986

Silver has given triangle pattern breakout from 26 resistance levels. Initial target is coming to 30, then 37.5 and 48 (previous All time high). SL: Daily close below 26.

skandha1986

2040 to 2060 has been a resistance zone for Gold which has been broken now. Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+. Any fall towards 2100 zone would be a good buying opportunity. SL: Daily close below 2100.

skandha1986

HAVELLS has been in range bound correction for the last 2.5 years. Recently it has given breakout from resistance zone of 1450-1480 levels, gave re-test and now bouncing from that zone. Looks good for long from the current levels of 1550. Target: 1850+ (as the period of correction is higher, we can expect a 50% - 70% move in coming weeks) SL: Daily candle close...

skandha1986

PIIND has been under sideways correction for the last 9 months. It has given trendline resistance breakout and trading above previous swing high of 3900 zone. Looks strong, if the momentum continues, we can expect 4000, 4200, 4400+ levels in coming days. SL: Daily candle close below 3880.

skandha1986

SRF is looking strong for new up-move. It is breaking the trendline resistance and also previous swing levels 2520-2530 (resistance zone). Daily candle close above 2530 levels may confirm further up move. Targets: 2850, 3200, 3600 SL: Daily candle close below 2520.

skandha1986

PFC seems to be giving head and shoulder pattern breakdown at 390 support zone. If sustains below 385 for 4 hrs then we may see further downside. Target : 370 (immediate), 305 (positional)

skandha1986

JINDALSTEL has formed Cup n Handle pattern and looking to breakout the resistance levels of 795-800 range. This is also it’s ATH resistance level. This is good long indication if the stock gives daily candle close above 800. The immediate target is coming to 870. However as this is looking to break more than 13 yrs old resistance level, this looks well poised...

skandha1986

NCC has given Cup n handle pattern breakout from 178 resistance levels. Target: 195, 215+ SL: Hrly candle close below 178 levels.

skandha1986

ELECON has given cup n handle pattern breakout from 990 resistance levels. Target: 1100, 1270+ SL: Hourly candle close below 990

skandha1986

SUBEXLTD has been in downtrend since 2.5 years. It has faced resistance multiple times around 38-39 levels zone. Today it has given strong closing around 39 with good price action and strong volumes. It is good weekly closing as well. Looks like stock is turning to new up trend. Immediate target is coming to 50+, post which we may see new ATH as well. SL: Daily...

skandha1986

GMDCLTD has formed cup and handle pattern and given breakout from 440 resistance levels. SL: Hrly candle close below 440. Target: 500, 560+