Alltimehigh
Multibagger - Bharti airtel to double in 6-9 monthsBharti Airtel is testing All Time High levels & crossed previous ATH levels formed on 2007.
It has formed Cup & Handle pattern in weekly charts which indicates huge move ahead.
OBV is increasing at a steady rate indicating accumulation by big investors.
There may be short term corrections. Buy Bharti Airtel around 550 levels for a target price of 1000+ in 6-9 months time frame.
Reliance is back in bullish Trend to make new ATH?As we saw yesterday Reliance took a dip to 1564 region which was Target 1 and bounced exactly form support to break the previous ATH of 1620 and made a new high of 1626.70, which brings back reliance in a bullish trend. As on 16/06/2020 if reliance opens in positive and holds up to previous days gains, Buy Reliance above 1627 with SL of 1623 with a long term target of 1735. If Reliance fails to hold 1600-1595 Short Reliance below 1590 region with SL of 1595 will be the targets will be downside region supports mentioned in the chart.
Suven Pharma is aiming for ATHs - Cup and HandleNSE:SUVENPHAR is breaking out. Looks like, it is aiming at all time highs, if it can clear the over head supply zone.
It has formed cup and handle like pattern.
DIVIS LAB SWING ANALYSISDIVIS LAB made a strong close yesterday and has reached its all time high.
The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss.
Trade will be valid only on bullish 75CB and further price action confirmations.
Here's the daily chart :
Indicators :
However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
BSE:SENSEX is at ATH but rejected by a 15 month old trendlineBSE:SENSEX has recorded a All Time High today(26-Nov-19) but it was rejected by a trendline that extends from August 2018 till today. If this trendline is broken on a daily closing basis then I am expecting SENSEX to continue to the upside.
Titan Weekly Chart Bull Flag in PlayTitan Long TimeFrame Chart Shows Bull Flag. Stock is in Uptrend since Nov 2016 and Have formed a Bullish Flag pattern.
1000 Might be a tricky price zone which happens to be All time high(ATH). Once Broken with high volume, may lead to Price Discovery and New All time high.
Overall Titan looks bullish for long term.
Will JSWSTEEL break its ALL TIME HIGH & continue its uptrend1) Testing its ATH (All Time High) level.
2) Perfect 'v' formation @ important level
(which is very very bullish indication)
3) 78.6% fibonacci extension level on WEEKLY timeframe
coincides with ATH. As we know, breakout of 76.8% lvl of
fib extension considered as continuation of the mail trend.
4) Concern : forming DOJI from last two days.
5) Relief : Even after forming 2 DOJI, momentum
of the stock is intact. If it passes this level, it has
ability to hold this level, take a breather & move
ahead.
6) OI Analysis : People still holding their LONG
positions from the recent rally.
7) Options Analysis (for Friday): 81k contracts added
@ 340PE & 27k contracts removed @ 350CE (implies
bullishness).
PCR OI is slightly less 1 (implies indecisiveness)
PCR Volume is 0.717 (implies bearishness)
Being FRIDAY tomorrow, I dont expect much to happen
will definately keep an eagle eye on this stock for my
portfolio.
Long.Intraday. 27/6/18-It is a move with the long term trend,hence there is a greater degree of conviction in the trade.
ACC - Powerful Breakout It has been observed on the daily chart that the price action strongly breaks above the triangle formation pattern with a long candlestick that did not have a lower wick, indicated full control of buyers on price action. Now, it shall further move up to all time highs.
T1- 1875
T2-1900
SL-1810
ACC - Powerful Breakout It has been observed that the price action powerfully breaks above triangle pattern formation while forming a strong big green candle stick with no wick at bottom, also indicative of a strong buyers control over price action. Now, it shall further move up to make new all time highs.
T1- 1875
T2-1900
SL-1810
Pidilite Ind - Breaking to new "All Time High"It has been observed on the Weekly chart that the price action breaks above the strong resistance zone of 830-35, which now indicating a new all time high and also shall further move up.
The company has been working well with strong growth, which also eligible for investing.
Target1: 855
Target2: 865
SL1: 830