On weekly charts Naukri formed Double Bottom and is ready to come out of its consolidation. Its dangerously poised for a Big Leap in coming days and months after breakout. This is a long term bullish pattern and for taking positions for a minimum of 6 months to 12 months period. Targets are much higher
Well placed above 200 EMA, 50 EMA. A huge resistance can be seen around 230 236 range. Watch for breakout.
ON THE VERGE OF BREAKOUT CONSOLIDATING FOR 3 YEARS LONG BUILD UP AND VOLUME INCREASING AT UPPER END OF CONSOLIDATION ZONE
VEDL is going to breakout from 11 year trendline. Very good entry point is at the trendline level and minimum target would be 491.
HINDUNILVR at Support Line and this time it can breakdown the support line
HAVELLS waiting for Breakout. I think sellers are strong in HAVELLS
Buy for near term (8-12 trading sessions) targets mentioned on the chart. Fundamentally strong stock - can hold longer for bigger targets. The stock has closed above the parallel channel. Also, it had closed above its 50 DMA on Thursday 20th May 2021 and pushed higher the next day on the daily chart. Disclaimer: The analyses that I publish are solely for...
Advance Enzymes has come out of the Distribution / Accumulation Phase and breaking out of the recent horizonal channel. Weekly charts Pivot Stop is at 445, if it moves up from the last week hights, then there is a possibilty of Mark-up phase.
- Fundamentally strong company - Breakout from a consolidated range showing a double bottom pattern - Buying pressure indicated by the long lower wicks - Breakout is supported by volumes, however it seems there is huge selling at 2130-2170 range but the net price change on the day is still +ve - Don't chase the stock as it might correct a bit and a good entry can...
Ready to come out of rectangular pattern .MACD crossover and RSI adding to the strength. stock has consolidated well .upside is on now