FMGOETZE is forming an interesting pattern, this scrip has been trading around 375-350 for a log time now, looks like good accumulation has taken place in this area of interest. The scrip has also entered in a VCP structure with a good shakeout candle, looks like the scrip is all set for a 15-20% move from here on.
Stoploss 345
*DISCLAIMER*
This analysis is...
The stocks seem to be breaking out of an inverted head and shoulder pattern on weekly.
Daily may be breaking out a flag pattern after earlier consolidation.
The volumes are above moving average.The trend indicator is in dmi positive bull zones
on all timeframes and trend strength is seen rising on all timeframes.
Momentum also is bullish on all timeframes. With a...
NipponLife India asset management stock is breaking out from a previous resistance zone.
It is trending in a channel with good momentum and ADX trend strength rising high.
Volumes are decent above simple moving average.
Stop loss should be neckline of breakout below entry candle low and entry above high of alert candle.
TATAPOWER already broke the tighter resistance line and we see some consolidation too. it also breaking the overall resistance.
stock will move bullish from here.
with target around 114.5.
Bajaj Auto is one of the renowned names in 2 wheelers segment.
If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times.
Even in Monthly chart signs of...
It has been observed that the price action breaking above the nearest resistance of 5400 level. Once the price action closes above 5400 on daily chart then the price action may further excel and reach towards 5800-6000 levels.
T1- 5750
T2- 5900
SL- 5200
Note a close above 5400 is required to confirm further excel in the price action.
