MAHANAGAR GASON THE VERGE OF BREAKOUT
CONSOLIDATING FOR 3 YEARS
LONG BUILD UP AND VOLUME INCREASING AT UPPER END OF CONSOLIDATION ZONE
Breakouts
MULTIYEAR BREAKOUT OF VEDLVEDL 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 LineHINDUNILVR at Support Line and this time it can breakdown the support line
BUY PNC INFRATECH - BULL FLAG BREAKOUT ON THE WEEKLY CHART 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 informational & educational purposes.
Do your own analysis before making any investment. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on the internet and wish to rely upon, whether to make an investment decision or otherwise.
Advance Enzymes - Multi Year Breakout - Target >500Advance 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.
Supreme Industries - Range Breakout- 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 be near 2130-2100 levels
- Good for short term as well as medium term trading
- Once 2200 level is crossed there might nice momentum
GMMPFAUDLRReady to come out of rectangular pattern .MACD crossover and RSI adding to the strength.
stock has consolidated well .upside is on now
TATAMOTORS CHART BULLISH ON DAILY TIMEFRAME TARGET OF 350TATAMOTORS CHART SHOWING BULLISH PATTERN ON DAILY TIME FRAME BREAKOUT ON UPPER SIDE WILL GIVE YOU SHORT TERM TARGETS OF 350 AND LONG TERM TARGETS OF 400. IF GIVES BREAKDOWN NOT INTRESTED TO SHORT.BUYING ON RETRACE IS PREFERED AS YOU CAN HOLD WITH SMALL SL. GOOD BUY IF CLOSES DAILY CANDEL ABOVE 310. PLEASE LET ME KNOW THE ANALYSIS IN COMMENT BOX AND FOLLOW ME FOR MORE SUCH BREAKOUT PATTERNS.
Bajaj Finserv - Ascending Triangle Breakout- Good breakout after forming an ascending triangle pattern
- Volume expansion and bullishness exists
- Finance and Banking sector might do well ahead
- Medium term holding and little skeptical regarding short term
- Good entry at 10,870 with stoploss of 10,230 levels
Zydus Wellness 19week Rounding BOWe see a pattern within a pattern here.
A low vol flat 1mth base within rounding bottom pattern.
Broke out conclusively with volume. Good swing opportunity.
CadilaHC Weekly ChartCadila HealthCare has broken a 4 years old TL with a beautiful Cup and Handle pattern. Looks good for long entry with stop loss below the breakout area.
