PEL | Channel trendline support - Can capture big trade for 70%
After trendline breakout now the price is moving inside the channel
CMP : 1692 (Dip till : 1580)
SL : 1450
Target : 2700, 2900
May take few months to perform - its a short term pick. We can also take a small swing trade using this channel for 20%
QUICKHEAL | Excellent risk reward after huge breakout now perfectly retraced to previous breakout zone. Excellent chart for beginners to learn :)
Looks good for 50% upside move - Weekly chart hence it will be a slow move. Consider buying only for 5% of the capital, not more than that.
CMP : 155
SL : 135
Target : 240
1:4 risk reward setup.
BIRLACORPN | Previous resistance is an excellent support and looks very safe above 800. Can see 50% and plus
CMP : 860 (Dip till 800)
SL : 740
Target : 1240
1:7+ risk reward setup (from dip - if we get)
TATACOFFEE | Breakout with volume giving us another opportunity second time - Potentially 35-40%
CMP : 130 (Dip till 120)
SL : 115
Target : 170
More than 1:10 risk reward setup from the dip (120)
November is winter season we had Filter Coffee
Now March is summer lets expect a Cold Coffee
L&TFH | Big potential trading opportunity as it is breaking long time trendline sharply - Potentially can see 80%
CMP : 106
SL : 90
Target : 170,195
Consider to hold for atleast few months to see amazing bull run in this stock.
M&M | Flag accumulation is maturing, breakout may give us 30%
It has strong support zone for the last 16 weeks - almost 4 months.
CMP : 631 (Can buy upto 600) or buy above 660
SL : 560
Target : 810
1:7 risk reward from the dip (600 level)
RBLBANK | Breakout and retracement to breakout candle - 70% upside
CMP : 256
SL : 210
Target : 440
Analyzed using weekly time frame. It is a big trade and might need to hold for few months to get the target. Its a cash pick.
IRB | Simple breakout - 15% potential opportunity in this setup. Its also continuation of October trade from 105 zone.
CMP : 120
SL : 116
Target : 138
Actually it is a big trade as it has strong demand at 100 level, Will post weekly time frame chart in comment section.
Even if broadmarket jerks and this SL hit, can consider avearing at 100-105 range (Always...