Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen.
Target is as usual difference of the box which i have marked with green marking.
I have already posted some charts in same...
TODAY INDIA CEMENT BROKE OUT ITS LONG CONSOLIDATION AND ALSO MADE NEW 52 HIGH MEDIUM TERM TARGETS 200++.SPECIAL POINT TO NOTE IS THAT DID NOT FELL EVEN TOUGH NIFTY INTRADAY SELLOFF.
Crossing 52 week + not showing over bot situation
A buy will be interesting with 20% return expectation
Keeping stop @ 615 or as per Comfort.
disclaimer - buy at own risk.
Nifty - Technical Analysis:
-Nifty logs a gain of 171 points, or 1.52 percent, to settle at 11,449.25
-RIL jumped over 7%
-It gaped above 11300 based on recovery in US markets after the selloff a few days back, we can see resistance at 11600 and index would need to cross above resistance zone before seeing upper levels.
Market - Driving Factors:
-Nearly 100...
NSE:ASIANPAINT
Hi Traders,
As expected in old idea ( "Asian Long" ), Asian paint move upward direction and made all time high. And its upward movement will be continued up to 2100, then it can show retracement to continue next target 2260 to 2350.
Disclaimer:- This idea is not for a trading call or tips, it is learning purpose only. Please understand your risk...
Asian paint all time high
1910 was the previous high
BO given but volume is not good on can trade as well as invest in this stock
bullish in all time frame
comfortably sitting above all important moving average
since 2010 in monthly time frame closing below 21MA not given
very bullish structure
bearish if weekly closing below 1740
AUROPHARMA finally trading at 52 week high.
Either there will be great buying opportunity or huge sell up momentum .
Wait, watch then enter.
My mood is about for Long with strict Tight SL.
BUY above 804
Target 1- 814
Target 2- 824
Target 3- 834
Warning: Tight SL otherwise it will hurt your pocket very hard!
Disclaimer : Only for educational purpose....
Granules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.
It is above all the major Moving Averages (20,50,100,200)
A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.
Risky players...
This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses...
This analysis is only for educational purposes, Invest at your own risk!
A narrowing Uptrend can be seen on BHARTIARTL which closed at 554.10 INR on Friday.
The price has approached close to resistance level and gives a pretty good long opportunity for traders .
The High created on 15th April at 535.30 INR serves as a resistance level for the price .
The...
