Shanghai Composite Breaking out of six-month old channel?Shanghai Composite is trading in a range for the last six months since the previous break in early July 2020. The price action last week was bullish and index may finally break out on the bullish side of the channel.
Bullishbreakout
COALINDIA Breaking out of Downward ChannelCOALINDIA has broken out of its downward channel and is one of the last stocks to recover from the March Covid-19 fall. RSI has reached overbought conditions which indicates strength. The stock is likely to reach 38.2 Fib retracement and psychological zone of 150, crossing which 61.8 Fib retracement of 175 would be the next potential target.
SARDA ENERGY 1DTHE STOCK IS IN VERY BULLISH TREND MAKING HUGHER HIGHS
THE STOCK HAS GIVEN A BULLISH CUP AND HANDLE PATTERN AND ROUNDING BOTTOM PATTERN BREAKOUT ON DAILY TIME FRAME
THE VOLUMES ARE SUPPORTIVE AND THE INDICATORS TOO
ACCUMULATE AT CMP OR ANY DIP NEAR 335 WOULD BE BEST ENTRY
TARGETS:- 370, 434, AND 520
SL:- 260 ON CLOSING BASIS
Bullish Wolfe WaveBullish Wolfe Wave.
Now in final Wave 4-5
Expecting the upside move to continue for more
Wipro : Long Trade SetupNSE:WIPRO
Hi Traders,
WIPRO remained range-bound throughout month and form bullish breakout on September 11. It can be face resistance on 301.60 , if it close above it, momentum will be continue and try to hit our target.
Entry and target level on chart.
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Coforge : Bullish breakout on daily and weekly chart with volumeNSE:COFORGE
Hi Traders,
COFORGE remained range-bound throughout month. It made new high with bullish breakout and volume on September 11. Now momentum will be continue and try to hit our target.
Entry and target level on chart.
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Provide some feedback below in the comment!
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Balrampur Chini : Sweet Pill Cup and Handle formation is clearly visible on weekly and daily chart. Daily chart is on breakout and today's close above 123 will confirm it. Buying cab be done around 122-123 level with stop loss below 110 (closing) for target 135 -150 - 180. Global shortage in sugar could be the reason for move in sugar stocks but shortage is majorly contributed by Indian subcontinent. Any supply of carry over stock could be threat to global sugar rally. Stop loss is strictly advised to play as per technical pattern.
APOLLOHOSP: Buy at 1029 T1 at 1059 T2 at 1086 SL 1015APOLLOHOSP has broken its recent downtrend line and closed above the line. Signifying renewed interest in the stock coming in as volumes are double and the PA covered previous 3 days downfall.
Buy APOLLOHOSP Above 1029 for Target 1 of 1059 and Target 2 of 1086 with Stop-loss on closing basis of 1015.
Please consult your Financial advisor before taking a call on this.
Tata Elxsi – Range BreakoutAfter being locked in a range of 1140-1260 for more than a month, Tata Elxsi NSE:TATAELXSI has finally broken on the upside yesterday.
I can see that it formed a large bullish candle with good volume yesterday.
Good opportunity to buy here with stop loss a few points below 1260 for another cycle of upmove.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
IGL : Broadening Wedge & the BreakoutHappy Monday Guys, As I always say - only we the traders welcome Monday with happiest smile :) Atleast I do, bcos we are getting back to what we love to do.
So here we have bullish run in IGL then wedge kinda broadening formation, then breakout to upside, so longs are wise in IGL, towards the target of 1200's -1180's zone. Check what's your risk before entering, that's wise. You should know how much you stand to lose to make potential profit :)
sastasundar breaking above the channel and 200dmaThe stock has broken above the 200 dma and the bear channel by forming a pretty bullish candle. It could be worth entering the stock in small amounts and then perhaps add a little more on the pull back. The stop can be below the 200 dma on closing basis
