There is a momentum with railway stocks, IRCTC bumper listing plus RITES giving huge returns. The stock is now retesting with lower volumes and looking at the candles near the retest zone, one can safely assume that either the consolidation is going to happen or uptrend will continue.
One can keep a stop of anything below 255-256
State Bank of India has had its Pennant breakout last week.
The pennant breakout is usually considered a continuation pattern although in this case it appears like a reversal pattern.
This short term breakout pattern could be a good LONG opportunity as SBIN reverses from it strong support zone.
Time your entry and enjoy the ride!
Bank Nifty appears to have completed its consolidation below the 200DMA and closed above the resistance with a bullish breakout above the triangle.
RSI(14) indicates a build-up in strength.
Swing Trade with horizon of about 3 months.
Target: Rs. 2200.
Hindustan Unilever has seen about 10 months of consolidation followed by a flag breakout. A close above the downward channel flag could mean a possibility of higher levels to come. The target will be the distance between the base and top of the flag pole (approx. Rs. 200).
Support is seen at Rs. 1920.
Bajaj finance continues its bullish trend.
Accumulation led to a Flag Breakout.
Consolidation at Flag is progressing within rectangle. Morning Star formation shows a bullish reversal may be forthcoming.
If the next candle opens in the green, higher levels should be expected.
Stop Loss should be maintained @3820.
index following a downwards channel but now looks in a mood of breakout but confirmation required.tested a range of 28180-8,2 times in intraday but fails.so any strong breakout above the range can be a confirmation and same can push index towards upside.bulls can keep eye on.
Whirlpool has remained in an accumulation rectangle zone for almost a year preceeded by over 2 years of bull run. The scrip has seen some supply that was absorbed and has been followed by a relatively higher volume breakout on the weekly charts. There appears to be strength in the uptrend.
Longs may be initiated on dips (closer to EMA 9 on the weekly charts)....
HEY GUYS, NOW I AM HERE TO SHOW YOU THAT IN CHARTS WE CAN SEE THAT SBIN HAS BROKEN ITS ASCENDING TRIANGLE PATTERN AND NOW IT HAS BEEN CONFIRMED THAT NOW IT CAN GO UP. SO, WE MAY SEE THE BULLISH MOVES IN SBIN.