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Bigbreakout

Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout. A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB. Chart looks similar to Midhani which gave a sharp upmove after breakout Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
NSE:ASHOKLEYLong
by chartistamey
4
Purvankara-A beautiful chance for 2x returns!Realty sector is booming with most of large cap stocks already crossing its ATH levels. Purvankara projects is one of the best trade in realty sector which can give you 2x returns from here. Stock had given volume breakout and has retested its breakout last week. If we see a continuation move from here, big targets can be expected. Please note that realty sector is a risky sector and most of companies have high debt policy , hence safe investors should prefer to stay away from these companies. However, trading in these companies can give good returns when sector is booming, so book your profits if it is a trading bet.
NSE:PURVALong
by chartistamey
LIC can reach new highs now!LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move. We have seen great rally in government run insurance companies like GICRE and NIACL. LIC has given a breakout of inverted head and shoulders 2 weeks back. Today, it has crossed its strong supply zone near 750. We can see ATH levels in this stock soon and above that we can expect 1000+. Safe entry is near 730-750 with SL of 650. IDEA SHARED FOR EDUCATIONAL PURPOSES.
NSE:LICILong
by chartistamey
Be cautious in Nifty!Nifty has shown a steep upmove in the last one month breaking all the strong resistance without any major retracement. Today, nifty crossed 18000 with a strong volume candle and has closed near a strong supply zone of 18100-18120 levels. Even Bank nifty has given a strong closing above 43000. This breakout can be a signal for strong bullish uptrend to a new high or it can also be a strong bull trap. Monday is a holiday for Indian market but not global market which is why I feel this breakout to be quite suspicious. Hopefully, we see a continuation of trend on Tuesday and not a gap down opening! Next Support for nifty is at 17780 levels
NSE:NIFTY
by chartistamey
2
APARINDS|Can give good breakout | Keep it on watch-list/radarNSE:APARINDS Technically, on Daily Time Frame, it has made perfect rounding bottom pattern and also gave breakout of it from the level 596 where it had the neckline of it. And then it also took support from neck line level at 596 level. Now the next breakout level for this stock is at 700 level. This stock is for people who are looking for investing for short/mid term time. (1 -3 months). Please note: : This is just for educational analysis and it is not any financial/investing advise. You can keep this stock on your watch-list /radar. Better to take advise from your financial advisor before considering for any investment.
NSE:APARINDS
by Trading_hawk
2